Mitsui Fudosan Co., Ltd. TSE:8801
Mitsui Fudosan : The 113th Ordinary General Shareholder’s Meeting：Stock Ownership Status
Source: MarketScreener
·The standard for the classification of investment stocks
In February 0 3, Mitsui Fudosan has established the standard for the classification of investment stocks according to "the concept of the classification of investment stocks" stated below.
ʮInvestment stocks held for pure investment purposesʯ
Stocks, as part of business investments, held for the purposes of benefiting from medium-to long-term increase in share value etc.
ʮInvestment stocks held for purposes other than pure investment purposes [strategic shareholdings]ʯ
Stocks held for purposes other than above(Stocks considered effective in management strategy from a medium-to long-term perspective to improve our Group's corporate value by comprehensively taking into account business
strategy, the relationships with clients and other factors.)
·The concept of the classification of investment stocks
In our business model, in addition to investing directly in real estate and benefiting from the increased value of real estate, we may also invest in businesses in the form of equity capital and benefit from the increase in value of the shares. Based on our actual business model, we define "investment stocks held for pure investment purposes" as
"Stocks, as part of business investments, held for the purposes of benefiting from medium-to long-term increase in share value etc."
ᶆInvestment stocks held for purposes other than pure investment purposesHolding policy, method for verification of holding appropriateness, and content of verifications by organizations such
as the Board of Directors related to appropriateness of specific brand holdings
In overall consideration for business strategy and relationships with business partners, to improve the Group's
corporate value, Mitsui Fudosan holds shares considered effective for management strategies as shares for purposes other than net investments (strategic shareholdings) from a medium- to long-term perspective.
Furthermore, Mitsui Fudosan continuously reviews shareholding status. Upon confirming the significance of shareholdings based on the quantitative rationality of holdings and relationships with business partners, we have decided to reduce our shareholdings.
In fiscal year 0 4, we sold twenty brands of stocks worth a total of V65 billion.
In & INNOVATION 030 (the Group's Long-Term Vision), the Company plans to reduce its Strategic shareholdings by 50% over the three years from FY 0 4 to FY 0 6 from the end of FY 0 3 and will continue to actively reduce strategic shareholdings from FY 0 6 onward.
When verifying the rationality of shareholdings, we verify whether or not the benefit, risk, etc., associated with the shareholdings are commensurate with the capital cost. Furthermore, in addition to confirming the significance of shareholdings from the perspectives of transaction performance, stable funding, and creation of business opportunities, we also verify whether or not the holdings contribute to improving the medium- to long-term corporate value of the Group.
At a meeting held on May 9, 0 5, the Board of Directors verified appropriateness with regard to the significance of strategic shareholdings based on the quantitative rationality of holding and relationships with business partners for
each stock brand.
As a result, for stocks for which the rationality of holding or significance of holding has decreased, we will e×amine selling by considering factors such as impact on the stock market.
Number of brands and total balance sheet amounts
Category | Number of brands | Total balance sheet amount (million yen) |
Unlisted stock | 67 | 10,590 |
Stock other than unlisted stock | 40 | 04,580 |
(Stocks whose number of stocks increased in the current fiscal year)
Category | Number of brands | Total spending for increasing stocks held (million yen) | Reason for increasing holdings |
Unlisted stock | 1 | 80 | It is effective in terms of management strategy from a medium-to long-term perspective. |
Stock other than unlisted stock | 1 | - | The change in classification is due to the listing. |
Notes:In addition to the above table, there is one brand whose accounting treatment was changed from affiliate stock to investment securities due to a decrease in the investment ratio.
(Stocks whose number of stocks decreased in the current fiscal year)
Category | Number of brands | Total earnings for stocks sold to decrease holdings (million yen) |
Unlisted stock | 3 | 78 |
Stock other than unlisted stock | 0 | 65,055 |
c.lnformation regarding the number of stocks and total amount as recorded on the balance sheet for each shareholding of specified investment stocks and of stocks deemed to be held by the Company
Specified lnvestment Stocks
Stock Name | Current fiscal year (FY 0 4) | Previous fiscal year (FY 0 3) | Purpose of shareholding, quantitative effects of shareholding, and reasons for increase in number of stocks See Note 1 | Holdings by the company of the Company's stocks |
Number of Stocks Held | Number of Stocks Held | |||
Book Value of Shares (millions of Yen) | Book Value of Shares (millions of Yen) | |||
Mitsui & Co., Ltd. | 1 ,986,93 | 6,493,466 | Mitsui & Co., Ltd. is a co-operator of Otemachi One in Chiyoda-ku, Tokyo. The Company believes the investment is beneficial to the creation of business opportunities for the Mitsui Fudosan Group. Mitsui & Co., Ltd. is a tenant in properties including Sapporo Mitsui JP Building in Sapporo, Hokkaido. The Company believes the investment is beneficial to the leasing business of the Mitsui Fudosan Group. The number of shares has increased through the Stock Split. | Yes |
36,356 | 46,14 | |||
Tokyo Broadcasting System Holdings, lnc. | 5,713,7 8 | 5,713,7 8 | Tokyo Broadcasting System Holdings, lnc. is a co-operator of Akasaka Sacas commercial comple× in Minato-ku, Tokyo. The Company believes the investment is beneficial to the creation of business opportunities for the Mitsui Fudosan Group. | Yes |
4,363 | 4,906 | |||
Toray lndustries, lnc. | 19,460,7 0 | 19,460,7 0 | Toray lndustries, lnc. is a tenant in properties including Nihonbashi Mitsui Tower in Chuo-ku, Tokyo. The Company believes the investment is beneficial to the leasing business of the Mitsui Fudosan Group. | Yes |
19,77 | 14,40 |
Stock Name | Current fiscal year (FY 0 4) | Previous fiscal year (FY 0 3) | Purpose of shareholding, quantitative effects of shareholding, and reasons for increase in number of stocks See Note 1 | Holdings by the company of the Company's stocks |
Number of Stocks Held | Number of Stocks Held | |||
Book Value of Shares (millions of Yen) | Book Value of Shares (millions of Yen) | |||
Sumitomo Mitsui Financial Group, lnc. | 3, 41,971 | 1,578,657 | The Company has borrowings from Sumitomo Mitsui Financial Group, lnc.'s consolidated subsidiary Sumitomo Mitsui Banking Corporation. The Company believes that the investment is beneficial to the stable procurement of funds by the Mitsui Fudosan Group. Sumitomo Mitsui Financial Group, lnc.'s consolidated subsidiary Sumitomo Mitsui Banking Corporation is a tenant in properties including Sumitomo Mitsui Banking Corporation Building in Chiyoda-ku, Tokyo. The Company believes the investment is beneficial to the leasing business of the Mitsui Fudosan Group. The number of shares has increased through the Stock Split. | No However, Sumitomo Mitsui Financial Group, lnc.'s consolidated subsidiary Sumitomo Mitsui Banking Corporation holds stocks. |
1 ,303 | 14,064 | |||
MS&AD lnsurance Group Holdings, lnc | 3,369,307 | , 46, 69 | The Company has borrowings from MS&AD lnsurance Group Holdings, lnc.'s consolidated subsidiary Mitsui Sumitomo lnsurance Co., Ltd. The Company believes that the investment is beneficial to the stable procurement of funds by the Mitsui Fudosan Group. MS&AD lnsurance Group Holdings, lnc.'s consolidated subsidiary Mitsui Sumitomo lnsurance Co., Ltd. is a tenant in properties including Kasumigaseki Building in Chiyoda-ku, Tokyo. The Company believes the investment is beneficial to the leasing business of the Mitsui Fudosan Group. The number of shares has increased through the Stock Split. | No However, MS&AD lnsurance Group Holdings, lnc.'s consolidated subsidiaries Mitsui Sumitomo lnsurance Co., Ltd. and Aioi Nissay Dowa lnsurance Co., Ltd. hold stocks. |
10,866 | 18, 68 |
Stock Name | Current fiscal year (FY 0 4) | Previous fiscal year (FY 0 3) | Purpose of shareholding, quantitative effects of shareholding, and reasons for increase in number of stocks See Note 1 | Holdings by the company of the Company's stocks |
Number of Stocks Held | Number of Stocks Held | |||
Book Value of Shares (millions of Yen) | Book Value of Shares (millions of Yen) | |||
Taisei Corporation | 1,467,400 | ,096,400 | Taisei Corporation is the supplier of new construction including MlTA GARDEN HlLLS in Minato-ku, Tokyo. The Company believes the investment is beneficial to the smooth promotion of the Mitsui Fudosan Group's business activities. | Yes |
9,698 | 11,781 | |||
FUJlFlLM Holdings Corporation | 3, 77,800 | 1,09 ,600 | FUJlFlLM Holdings Corporation is a tenant in Tokyo Midtown in Minato-ku, Tokyo. The Company believes the investment is beneficial to the leasing business of the Mitsui Fudosan Group. The number of shares has increased through the Stock Split. | Yes |
9,3 3 | 11,046 | |||
The Chiba Bank, Ltd. | 5,611, 50 | 5,611, 50 | The Company has borrowings from The Chiba Bank, Ltd. The Company believes that the investment is beneficial to the stable procurement of funds by the Mitsui Fudosan Group. The Chiba Bank, Ltd. is a co-operator of Muromachi Chibagin Mitsui Building in Chuo-ku, Tokyo. The Company believes the investment is beneficial to the creation of business opportunities for the Mitsui Fudosan Group. | Yes |
7,850 | 7,078 | |||
KAJlMA CORPORATlON | ,465,770 | ,465,770 | KAJlMA CORPORATlON is the supplier of new construction including Urban Area Redevelopment Project in the Yaesu - chome Central District of Chuo-ku, Tokyo. The Company believes the investment is beneficial to the smooth promotion of the Mitsui Fudosan Group's business activities. | Yes |
7,515 | 7,707 |