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Information on shareholdings

As of March 31, 2020

Investment securities classification standards and approach

For the classifications of investment securities for pure investment purposes and investment securities for purposes other than pure investment, Akebono uses investment shares for pure investment purposes to receive profits from changes in the value of shares or dividends related to shares, and also uses other investment shares for purposes other than pure investment purposes (cross-shareholdings).

Investment securities held for purposes other than pure investment

Holding policies, methods for verifying the rationality of holding, and contents that have been verified by the Board of Directors, etc. concerning the appropriateness of holding shares of individual companies

As a general rule, Akebono shall not acquire or hold shares of other companies except when, in the course of business conducted by the Company, it is necessary to establish a cooperative relationship in terms of business strategy and to contribute to continuous growth and improve corporate value in the medium- to long-term for the Company by strengthening competitiveness for existing business as well as by expanding areas of new business.
In consideration of the purpose of holding individual cross-shareholdings and the economic value obtained by Akebono through the acquisition and holding of shares of relevant companies, the Board of Directors will take a medium- to long-term view and continuously conduct thorough investigations and verifications every year to reduce the number of shares that are held without a rational basis.

Investment securities held for purposes other than pure investment

Holding policies, methods for verifying the rationality of holding, and contents that have been verified by the Board of Directors, etc. concerning the appropriateness of holding shares of individual companies

As a general rule, Akebono shall not acquire or hold shares of other companies except when, in the course of business conducted by the Company, it is necessary to establish a cooperative relationship in terms of business strategy and to contribute to continuous growth and improve corporate value in the medium- to long-term for the Company by strengthening competitiveness for existing business as well as by expanding areas of new business.
In consideration of the purpose of holding individual cross-shareholdings and the economic value obtained by Akebono through the acquisition and holding of shares of relevant companies, the Board of Directors will take a medium- to long-term view and continuously conduct thorough investigations and verifications every year to reduce the number of shares that are held without a rational basis.

Number of companies and amount recorded in balance sheet

Unlisted shares

Number of companies: 8 companies
Total amount recorded in balance sheet: 75 million yen

Shares other than unlisted shares

Number of companies: 4 companies
Total amount recorded in balance sheet: 4,540 million yen

Stock name, number of shares, amount recorded in balance sheet, and purpose of holding

Specified investment securities

Stock name Number of shares
(shares)
Balance sheet
amount
(Millions of yen)
Purpose of holding
Toyota Motor Corporation 685,734 4,519 Maintaining favorable business relationship with issuer
Isuzu Motors Limited 1,477 1 Maintaining favorable business relationship with issuer
Honda Motor Co., Ltd. 1,082 3 Maintaining favorable business relationship with issuer
Central Japan Railway Company (JR Central) 1,000 17 Maintaining favorable business relationship with issuer

Investment securities held for pure investment purposes

Not applicable