San Kiko Co., Ltd. announced on the 11th a policy to reduce its shareholding in policy holdings.
The company aims to reduce its shareholding in policy holdings by more than 50% in terms of both the number of listed stocks and the amount by the end of March 2024, and to below 20% of consolidated net assets by the end of March 2028.
The company has been reviewing the purpose and economic rationale of its shareholding in policy holdings at the board of directors' meetings every year, and has been progressing with reductions. To further improve capital efficiency, the company will actively pursue further reductions in shareholdings in policy holdings.
The cash generated from the sale of shares will be utilized for investments aimed at enhancing corporate value for the next generation. If a company that holds shares in the company as policy holdings requests to sell shares, the company will not take any action to obstruct the sale.