Policy for Cross-shareholdings and Voting Standards

Principle 1-4 Cross-shareholdings

The Company has prepared and disclosed a policy for cross-shareholdings (reduction policy and voting standards).

(1)Views on cross-shareholdings

  • In principle, the Company will not hold listed stocks as cross-shareholdings except in cases where it recognizes there is significance or justification for ownership. Significance or justification for ownership will be judged from the results of yearly examinations conducted on each stock based on whether there are expectations of collaboration with the issuers and business synergies, as well as on whether the benefit and risk of holding said stock are appropriate to its capital cost. Consequently, stock where there is little significance or justification for ownership will be sold while taking into account the proper stock price, market conditions and other factors.

(2)Standard for voting cross-shareholdings

  • The execution of voting rights is an important means of communicating with investees and the Company exercises its voting rights related to all cross-shareholdings. In exercising these rights, the Company checks each proposal and rather than making a uniform judgement on whether to approve or reject it based on formulaic or short-term standards, it makes a judgement from the perspective of whether said proposal will lead to continuous growth and a medium- to long-term increase in corporate value for the Company and the investee, based on sufficient consideration of said investee's management policy, strategies, and the like. Judgement on whether to approve or disapprove a proposal includes careful consideration of the following items in particular, as they may have a significant impact on shareholder return.
    1. Transfer of important assets
    2. Merger or share transfers which cause or cease wholly owned subsidiary
    3. Third-party allotments through favorable issuances
    4. Introduction of measures to defend against hostile takeovers

Shareholdings (As of March 31, 2024)

  • Number of stocks held for purposes other than pure investment and total amount on balance sheet: 27 stocks: ¥7,501 million
  • Category, issue, number of shares, balance sheet amount, and purpose of holding of investment shares held for purposes other than pure investment purposes
Stocks Number of Options (shares) Balance Sheet Amounts Purpose of holding
million Yen
Sumitomo Mitsui Financial Group, Inc. 206,100 1,836 To facilitate financing transactions with financial institutions affiliated with the issuing company, to collect domestic and overseas information and to maintain and strengthen business relationships with customers in Digital Workplace Business
MS & AD Insurance Group Holdings, Inc. 219,917 1,788 To maintain and strengthen stable insurance transactions with financial institutions affiliated with the issuing company and business relationships with customers in Digital Workplace Business
Resona Holdings, Inc. 857,818 815 To facilitate financing transactions with financial institutions under the umbrella of the issuing company
Nikon Corporation 454,800 616 To maintain and strengthen cooperative relationships in the optical components unit in Industry Business and business relationships with customers in Digital Workplace Business
T & D Holdings, Inc. 188,400 489 To maintain and strengthen stable insurance transactions with financial institutions affiliated with the issuing company and to maintain and strengthen business relationships in Digital Workplace Business
SOMPO Holdings, Inc. 48,300 462 To maintain and strengthen stable insurance transactions with financial institutions affiliated with the issuing company and to maintain and strengthen business relationships with customers in Digital Workplace Business
114 Bank, Ltd. 307,800 565 To facilitate financial transactions such as fund raising with the issuing company, and to maintain and strengthen business relationships with customers in Digital Workplace Business
Komori Corporation 200,000 246 To maintain and strengthen business relationships with joint development and sales partners and production contractors in the industrial print unit in Professional Print Business and to maintain and strengthen business relationships with customers and the issuing company in Digital Workplace Business

(NOTE)At the stage of selecting top issues on the balance sheet, specified investment shares and shares deemed to be held are not combined.

IR Newsletter

IR Newsletter Registration

Clicking the link above will take you to the“Mitsubishi UFJ Trust and Banking Corporation”website.

About Konica Minolta