No strategic shareholdings; acquisitions subject to Board approval
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
Zaoh Company moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 3 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The rationality of holding each strategic shareholding is reviewed in detail, including reassessing the significance of the holding and whether the benefits and risks associated with the holding are commensurate with the cost of capital. The Board of Directors regularly verifies whether each holding should be retained, and the company plans to sell or reduce holdings whose significance is deemed limited.」
The company had previously stated that it held no listed strategic shareholdings, but during the current fiscal year acquired 130,000 shares of Yushiro Chemical Industry Co., Ltd. to maintain and strengthen its business relationship, with a carrying amount on the balance sheet of ¥390.650 million. It also stated its policy of regularly reviewing the rationale for its holdings. - FY2023RestatedAnnual report
「The company currently holds no listed shares as strategic shareholdings. If it acquires strategic shareholdings in the future, the Board of Directors will make a comprehensive assessment based on business relationships, business strategy and other factors, and the acquisition will be subject to Board approval.」
The company maintains its policy of holding no listed strategic shareholdings and having the Board decide on any acquisitions based on business relationships and business strategy. - FY2022RestatedAnnual report
「The company currently holds no listed shares as strategic shareholdings. If it acquires strategic shareholdings in the future, the Board of Directors will make a comprehensive assessment based on business relationships, business strategy and other factors, and the acquisition will be subject to Board approval.」
The company maintains its policy of holding no listed strategic shareholdings and having the Board decide on any acquisitions based on business relationships and business strategy. - FY2021RestatedAnnual report
「The company currently holds no listed shares as strategic shareholdings. If it acquires strategic shareholdings in the future, the Board of Directors will make a comprehensive assessment based on business relationships, business strategy and other factors, and the acquisition will be subject to Board approval.」
The company maintains its policy of holding no listed strategic shareholdings and having the Board decide on any acquisitions based on business relationships and business strategy. - FY2019First statedAnnual report
「The company currently holds no listed shares as strategic shareholdings. If it acquires strategic shareholdings in the future, the Board of Directors will make a comprehensive assessment based on business relationships, business strategy and other factors, and the acquisition will be subject to Board approval.」
The company has stated for the first time its policy of holding no strategic shareholdings currently and having the Board decide on any future acquisitions based on business relationships and business strategy.