Annual Review and Reduction of Strategic Shareholdings
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 March 2024, the company confirmed the purpose of holding 30 listed stocks from the following perspectives.」
The Company continued its annual review of cross-shareholdings, reducing the number of holdings from 32 to 30. It also disclosed the sale of 3 non-chemical listed shareholdings. - FY2023AdvancedAnnual report
「In accordance with the policy described above, at a Board of Directors meeting held on 22 March 2023, the Company reviewed the strategic significance of its 32 listed shareholdings from the following perspectives.」
The Company continued its annual review of cross-shareholdings and assessed 32 holdings from the perspectives of business contribution, stable procurement, unrealized gains and losses, and dividends. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 23 March 2022, the company confirmed the purpose of holding 34 listed stocks from the following perspectives.」
The Company continued its annual reviews of the strategic significance of its holdings and reduced the number of holdings to 34. It sold 6 holdings and is proceeding with reductions in holdings with limited rationale for retention. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 March 2021, the company reviewed whether it was appropriate to continue holding 39 listed stocks from the following perspectives.」
The Company continued its annual reviews, reducing its listed shareholdings from 41 in the previous fiscal year to 39, and sold 8 holdings. - FY2020AdvancedAnnual report
「At a Board of Directors meeting held on 25 March 2020, the Company reviewed whether to retain its 41 listed shareholdings from the following perspectives.」
The Company reviewed its cross-shareholdings, reducing the number from 43 in the previous fiscal year to 41. - FY2019First statedAnnual report
「Each year, the Board of Directors verifies whether the purpose of holding each individual cross-held listed share remains appropriate and whether the holding contributes to maintaining or enhancing corporate value over the medium to long term, and then assesses whether the holding should be retained.」
The policy states that, following a review of 43 listed shareholdings, the Company will proceed with sales of holdings that can be reduced or whose strategic significance has diminished.