Reviewing the rationale for strategic shareholdings and reducing such holdings
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year / unlisted shares 1 / shares other than unlisted shares 3 / total sale price related to the decrease in the number of shares: ¥347.066 million」
Under its policy of annual review and sale by the Board of Directors, the company sold 1 unlisted shareholding and 3 listed shareholdings. - FY2022AdvancedAnnual report
「Following the review, the company will sell holdings as appropriate when it determines that their significance is insufficient. Even when the review finds that a holding remains appropriate, the company may sell it in consideration of market conditions and its management and financial strategies. / Holdings whose number of shares decreased during the fiscal year: unlisted shares —; shares other than unlisted shares 3; total sale price related to the decrease in the number of shares: ¥188.582 million」
The company continues its policy of reviewing each year whether to retain policy-oriented shareholdings and has disclosed that it sold 3 listed shareholdings during the fiscal year. - FY2021AdvancedAnnual report
「Following the review, the company will sell holdings as appropriate when it determines that their significance is insufficient. Even when the review finds that a holding remains appropriate, the company may sell it in consideration of market conditions and its management and financial strategies.」
The company continues its policy on policy-oriented shareholdings and has disclosed that it sold 2 unlisted shareholdings and 5 listed shareholdings during the fiscal year. - FY2019First statedAnnual report
「The company holds listed shares only when it determines that they are necessary for policy purposes, taking into account their strategic importance to its business and its business relationships with counterparties in sales, production and financing. The company also regularly reviews at Board of Directors meetings whether continued ownership of each holding is appropriate, comprehensively considering the status of transactions and the benefits associated with ownership, and sells holdings as appropriate when it determines that their significance is insufficient.」
The company has disclosed for the first time its policy of holding policy-oriented shareholdings based on strategic necessity, reviewing them regularly at Board of Directors meetings and selling holdings whose significance is insufficient.