Komori
Governance9602TOHO CO.,LTDInformation and Communications, Services and Others

Notice Concerning the Formulation of a Policy to Reduce Cross-Shareholdings

The Company newly decided to reduce its strategic shareholdings by more than ¥50 billion by the end of the fiscal year ending February 2030, compared with the end of the fiscal year ending February 2026, and to bring the ratio to consolidated net assets below 10%. It will also proceed with sales by the end of the fiscal year ending February 2027 to bring the ratio below 20%.

Worth reading
100Important
Scored from 1 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
500
over ¥100 million
Wording
Conditional
How definitive the wording is.

Contents of this filing

Policy on cross-shareholdings

The Company will reduce the balance sheet carrying amount of its strategic shareholdings by more than ¥50 billion by the end of the fiscal year ending February 2030, compared with the end of the fiscal year ending February 2026, and lower the ratio to consolidated net assets below 10%. It will also proceed with sales during the fiscal year ending February 2027 to lower the ratio to consolidated net assets below 20%. From the fiscal year ended February 2023 through the fiscal year ending February 2026, the Company fully sold 8 holdings.

Policy regarding shares of other companies held to maintain business relationships and for other purposes.

Changes this time

The Company newly established specific reduction targets for its strategic shareholdings.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Policy on cross-shareholdingsThe Company will reduce the balance sheet carrying amount of its strategic shareholdings by more than ¥50 billion by the end of the fiscal year ending February 2030, compared with the end of the fiscal year ending February 2026, and lower the ratio to consolidated net assets below 10%. It will also proceed with sales during the fiscal year ending February 2027 to lower the ratio to consolidated net assets below 20%. From the fiscal year ended February 2023 through the fiscal year ending February 2026, the Company fully sold 8 holdings.
Changes this timeThe Company newly established specific reduction targets for its strategic shareholdings.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteeTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To further promote management that is conscious of the cost of capital and share price. Proceeds from sales will be allocated as a priority to growth investments and will also be used as a source of shareholder returns to improve capital efficiency.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Formulation of a Policy to Reduce Cross-Shareholdings | TOHO CO.,LTD (9602) timely disclosure | Komori