Corporate Governance

Latest Update : Jan.17, 2019

Equity Holding

Policies on Cross-Shareholdings and Standards for the Exercising Voting Rights

The cross-shareholdings are for those that are considered to contribute to the enhancement of our corporate value by maintaining and improving stable business relationships through shareholdings. Every year, the Board of Directors meeting examines each individual cross-shareholding as to whether the continuation of the shareholding contributes to the improvement of our corporate value, based on the trend of shareholdings, the operational merits taking into account the status of transactions with the other party, and other economic rationale such as the share price in the market and dividend income and so on. The Company will eliminate at an appropriate time the holdings of those stocks determined not to offer rationale for ownership.

When we exercise voting rights relating to shareholdings, we will take appropriate measures after comprehensively determining whether or not we can contribute to the efficient and sound management of the other party and to sustainable growth and increased corporate value of the Company and the other party.

Total number of companies and amounts on the balance sheet of equity holdings which are not for pure investment (Cross-Shareholdings)

11 companies   5,666 million yen (as of March 31, 2018)

Equity holdings of listed shares for Cross-Shareholdings

Specified Investment Shares
7 companies 4,365 million yen (1.17% of the Company's consolidated net assets [373,253 million yen].) (as of March 31, 2018)

Companies Number of
shares
Amount on B/S
(million yen)
Purpose of holding
Sumitomo Mitsui Trust Holdings, Inc. 308,485 1,328 To maintain better business
relationship related to the financial
transactions of our Group
Mitsubishi UFJ Financial Group, Inc. 2,189,700 1,526 To maintain better business
relationship related to the financial
transactions of our Group
Sumitomo Mitsui Financial Group, Inc. 141,740 631 To maintain better business
relationship related to the financial
transactions of our Group
Iwasaki Electric Co., Ltd. 300,000 492 To maintain better business
relationship related to the
productive transactions of our Group
The Hachijuni Bank, Ltd. 500,000 285 To maintain better business
relationship related to the financial
transactions of our Group
Mizuho Financial Group, Inc. 300,350 57 To maintain better business
relationship related to the financial
transactions of our Group
Nippon Steel & Sumitomo Metal Corporation 18,375 42 To maintain better business
relationship related to the
productive transactions of our Group

Regarded as Holding Shares
There is no corresponding item.

Equity holdings of shares for pure investment (amount on B/S, dividends, or gains/losses on disposal or evaluation)

There is no corresponding item.

Change in purpose of equity holdings of shares from pure investment to others

There is no corresponding item.

Change in purpose of equity holdings of shares from others to pure investment

There is no corresponding item.

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