Information on shareholdings

As of March 31, 2024

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 Company will take a medium- to long-term view and continuously conduct thorough investigations and verifications 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: 13,030 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	3,428,670	13,002	Akebono engages in sales transactions with this company mainly for brake parts of new vehicles and holds shares of this company to maintain and strengthen the business relationship.
Isuzu Motors Limited	1,679	3	Akebono engages in sales transactions with this company mainly for brake parts of new vehicles and holds shares of this company to maintain and strengthen the business relationship.
Honda Motor Co., Ltd.	3,624	7	Akebono engages in sales transactions with this company mainly for brake parts of new vehicles and holds shares of this company to maintain and strengthen the business relationship.
Central Japan Railway Company (JR Central)	5,000	19	Akebono engages in sales transactions with this company mainly for brake parts of rolling stock and holds shares of this company to maintain and strengthen the business relationship.

Investment securities held for pure investment purposes

Not applicable