Policy of Generally Not Holding Strategic Shareholdings and Reviewing Their Economic Rationale
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2025.
- FY2025ReframedAnnual report
「1 unlisted shareholding and 5 shareholdings other than unlisted shares」
After reporting the sale of all strategic shareholdings in the previous fiscal year, it holds 5 listed shareholdings and others in the current fiscal year. Although it continues to state a policy of generally not holding such shares and reviewing their rationale, the holdings have changed. - FY2024AdvancedAnnual report
「Following a review of the rationale for the holdings, we sold all shares during the current fiscal year.」
After reviewing the rationale for its strategic shareholdings, it sold all shares of 1 company and recognized a gain on sales of investment securities of ¥169.847 million. - FY2022RestatedAnnual report
「As a general rule, the Company does not hold strategic shareholdings, except where maintaining and developing strategically important cooperative and business relationships is recognized as contributing to the enhancement of corporate value. For each strategic shareholding held, the Company examines its economic rationale, including the purpose of holding it and the benefits and risks associated with the holding, and the Board of Directors determines whether it should be retained.」
It continues to state a policy of generally not holding strategic shareholdings and reviewing the economic rationale for individual holdings. - FY2021RestatedAnnual report
「As a general rule, the Company does not hold strategic shareholdings, except where maintaining and developing strategically important cooperative and business relationships is recognized as contributing to the enhancement of corporate value.」
It continues to state a policy of generally not holding strategic shareholdings, reviews of the economic rationale for individual holdings, and the phased sale of shares whose significance as holdings has diminished. - FY2019First statedAnnual report
「As a general rule, the Company does not hold strategic shareholdings, except where maintaining and developing strategically important cooperative and business relationships is recognized as contributing to the enhancement of corporate value. For each strategic shareholding held, the Company examines its economic rationale, including the purpose of holding it and the benefits and risks associated with the holding, and the Board of Directors determines whether it should be retained. Shares whose significance as holdings has diminished are to be sold in stages, taking the circumstances of the relevant company into account.」
It identifies, for the first time, a policy of generally not holding strategic shareholdings, reviews of the economic rationale for individual holdings, and the phased sale of shares whose significance as holdings has diminished.