Verification of the Rationale for Strategic Shareholdings and Policy on Reducing Them
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues with a decrease in the number of shares during the fiscal year Unlisted shares 4 249 Shares other than unlisted shares – –」
Under the policy of reviewing the purpose of holdings annually at the Board of Directors and reducing holdings deemed to have no rational basis, the company sold 4 unlisted shareholdings. Meanwhile, it acquired 1 unlisted shareholding for the purpose of business development and maintaining cooperative relationships. - FY2024AdvancedAnnual report
「Issues with a decrease in the number of shares during the fiscal year Unlisted shares 2 37 Shares other than unlisted shares 1 3」
Under the policy of reducing holdings based on verification of their purpose, the company reduced 2 unlisted shareholdings and 1 listed shareholding during the fiscal year. - FY2023Partial reduction of cross-shareholdings and continued reviewsAnnual report
「The purpose of holding the listed shares held by our company is to maintain and strengthen cooperative relationships for the development of gas, electricity and other businesses, and to revitalise the regional economy and society. Based on the results of reviews, we are reducing holdings in issues that are determined not to have achieved these objectives.」
The policy of continuing to verify the purpose of holdings and reduce holdings that have not achieved their objectives was maintained, and 1 unlisted shareholding was sold during the fiscal year. - FY2020First statedAnnual report
「When it is determined that the purpose of holding a shareholding has not been achieved, we will proceed with reducing the holding. The appropriateness of holding each shareholding is normally reviewed by an executive officer delegated by the representative director, and the results of reviews that take the purpose of holding into account will be reported to the Board of Directors as necessary.」
For cross-shareholdings, a policy was described of verifying whether their objectives, including contributions to businesses and regions, are being achieved and reducing holdings as necessary.