COMPANY INFORMATION
Shareholding
Policy regarding shares as cross-shareholdings
The Company will hold cross shareholdings in cases where it judges that they will contribute to maintaining and increasing the Group’s corporate value from a perspective of importance to the medium- and long-term business strategy, reinforcing relationships with business partners, and maintaining a stable fund procurement environment. Furthermore, in addition to verifying the appropriateness of each individual shareholding in light of the purpose of said holding, the Company will regularly conduct quantitative verification of matters such as the benefits, risks and capital cost of the holding, and present t results to the Board of Directors as reporting matters. Stocks whose holding is deemed to have little meaning or effect will be sold as appropriate, giving due regard to share prices, market trends, and other information for consideration.
Policy regarding exercise of voting rights
The Company shall exercise its voting rights related to cross-held shares on all proposals for voting after individually judging factors such as whether the proposal will contribute to increasing the Group’s shareholder value, and whether it is appropriate in light of the purpose of shareholding of the Company.
Shareholding
(1) Company’s shareholdings
A. Number and balance sheet amount of investment shares held for purposes other than pure investment
| Number of issues (Issuing companies) |
Total balance sheet amounts (million yen) |
|
|---|---|---|
| Stocks of unlisted companies | 1 | 167 |
| Stocks of companies other than unlisted companies | 11 | 9,953 |
<Stocks whose number of shares increased in FY2023>
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| Number of issues (Issuing companies) |
Total acquisition cost for increased shares (¥ million) | Reason for increase in number of shares | |
|---|---|---|---|
| Shares not listed | 1 | 167 | To expand business opportunities and maintain and strengthen a good relationship with the issuing company. |
| Shares other than those not listed | 1 | 3,488 | To maintain and strengthen a good relationship with the issuing company, as we plan to continue promoting business collaboration with them across the entire Group. |
<Stocks whose number of shares decreased in FY2023> N/A
B. Information on the number of shares, balance sheet amount, etc. of respective investment shares held for purposes other than pure investment that are specified equity securities or deemed holdings of equity securities
<Specified equity securities>
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| Stock | Fiscal 2023 | Fiscal 2022 | Holding purpose, overview of business alliances, etc., quantitative benefits of holding, and reason for increase in shares |
Shareholding in the Company |
|---|---|---|---|---|
| Number of shares |
Number of shares |
|||
| Balance sheet amount (Million yen) |
Balance sheet amount (Million yen) |
|||
| East Japan Railway Company | 398,400 | - | We plan to continue promoting business collaboration with the issuing company across the entire Group, including through collaboration on shareholder benefits and workation product development, as well as in the residential and renewable energy businesses. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 3,488 | - | |||
| Mitsubishi UFJ Financial Group, Inc. | 1,980,870 | 1,980,870 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 3,084 | 1,679 | |||
| Sumitomo Mitsui Trust Holdings, Inc. | 631,298 | 315,649 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 2,088 | 1,433 | |||
| Dai-ichi Life Holdings, Inc. | 99,100 | 99,100 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 381 | 241 | |||
| The Chiba Bank, Ltd. | 332,300 | 332,300 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 419 | 284 | |||
| Concordia Financial Group, Ltd. | 167,920 | 167,920 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 129 | 81 | |||
| gooddays holdings, Inc. | 120,000 | 60,000 | The issuing company constitutes a capital investment in a venture business and also engages in business cooperation with the Group that includes a joint project aimed at attracting startup companies in the Greater Shibuya Area. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
No |
| 76 | 71 | |||
| Mizuho Financial Group, Inc. | 41,458 | 41,458 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 126 | 77 | |||
| The Hachijuni Bank, Ltd. | 132,650 | 132,650 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 137 | 76 | |||
| Sumitomo Mitsui Financial Group, Inc. | 1,800 | 1,800 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
No |
| 16 | 9 | |||
| Resona Holdings, Inc. | 6,000 | 6,000 | The issuing company is a main related party of the Company and its consolidated subsidiaries for financial transactions and gathering business information, etc. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 5 | 3 |
Notes:
- The balance sheet amounts for Dai-ichi Life Holdings, Inc. and the seven stocks below it account for less than 1/100th of the amount of capital. Nevertheless, all stocks are listed.
- “Shareholding in the Company” includes cases where a main subsidiary of the issuing companies listed above holds shares in the Company.
- The quantitative benefits of the shareholding are not listed because the details of transactions with respective related parties cannot be disclosed.
C. Investment shares held purely for investment purposes
N/A
(2) Shareholding at TOKYU LAND CORPORATION
The shareholding at TOKYU LAND CORPORATION, which is the second largest holder of investment shares among the Company and its subsidiaries in terms of the balance sheet amount (the recorded amount of investment securities), is as follows.
A. Number and balance sheet amount of investment shares held for purposes other than pure investment
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| Number of issues (Issuing companies) |
Total balance sheet amounts (Million yen) |
|
|---|---|---|
| Stocks of unlisted companies | 15 | 2,030 |
| Stocks of companies other than unlisted companies | 2 | 1,175 |
<Stocks whose number of shares increased in FY2023>
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| Number of issues (Issuing companies) |
Total acquisition cost of additional shares (Million yen) |
Reason for adding shares held | |
|---|---|---|---|
| Stocks of unlisted companies | 1 | 473 | To maintain and strengthen a good relationship with the issuing company in relation to transactions with it in the renewable energy business. |
| Stocks of companies other than unlisted companies | - | - | - |
<Stocks whose number of shares decreased in FY2023 > N/A
B. Information on the number of shares, balance sheet amount, etc. of respective investment shares held for purposes other than pure investment that are specified equity securities or deemed holdings of equity securities
<Specified equity securities>
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| Stock | FYE2023 | FYE2022 | Holding purpose, overview of business alliances, etc., quantitative benefits of holding, and reason for increase in shares |
Shareholding in the Company |
|---|---|---|---|---|
| Number of shares |
Number of shares |
|||
| Balance sheet amount (Million yen) |
Balance sheet amount (Million yen) |
|||
| Heiwa Real Estate Co., Ltd. | 210,700 | 210,700 | The issuing company performs contracted rental housing management operations for a consolidated subsidiary. The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 859 | 797 | |||
| Unozawa-gumi Iron Works, Limited | 100,000 | 100,000 | The issuing company is a joint business partner in an office building business.The shareholding is to maintain and strengthen a good relationship with the issuing company. In holding the shares, we perform quantitative verification of the benefits, risks, capital cost, and other aspects of holding the shares, in addition to verifying the appropriateness of holding the shares in light of the holding purpose. |
Yes |
| 315 | 254 |
Notes:
- The balance sheet amount for Unozawa-gumi Iron Works, Limited accounts for less than 1/100th of the amount of capital. Nevertheless, all stocks are listed.
- The quantitative benefits of the shareholding are not listed because the details of transactions with respective related parties cannot be disclosed.
C. Investment shares held purely for investment purposes
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| Classification | FYE2023 | FYE2022 | ||
|---|---|---|---|---|
| Number of issues (Issuing companies) |
Total balance sheet amounts (Million yen) |
Number of issues (Issuing companies) |
Total balance sheet amounts (Million yen) |
|
| Stocks of unlisted companies | 2 | 244 | 2 | 244 |
| Stocks of companies other than unlisted companies | 1 | 226 | 1 | 270 |
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| Classification | FYE2023 | ||
|---|---|---|---|
| Total amount of dividend income (Million yen) |
Total amount of gain/loss on sale (Million yen) |
Total amount of valuation gain/loss (Million yen) |
|
| Stocks of unlisted companies | - | - | (Note) |
| Stocks of companies other than unlisted companies | - | - | - |
Note:
Unlisted stocks do not have market prices. Therefore, "Total amount of valuation gain/loss" is not listed.
As of June 2024