Fundamental perspectives
In principle, shares shall be held by Dai-ichi Life Group companies engaging in the life insurance business for pure investment purpose as part of asset management in life insurance business; provided, however, to a limited extent, shares, other than the shares that are held for pure investment purpose, that carry other important purposes in terms of the Group's business strategies, such as strengthening relations through business alliances, may be held as strategic-holding shares. The decision to reduce or otherwise is made after the rationality of holding such shares are confirmed on an individual basis. Details of the verification by the Board of Directors are disclosed annually.
| Pure investment purpose | |
|---|---|
| Shares held for important purposes in terms of the Group's business strategies that include strengthening relationships through business alliances. | |
Exercising of voting rights
Voting rights of strategic-holding shares shall be exercised in the same manner as shares other than strategic-holding shares, and appropriate actions shall be taken in accordance with the voting rights exercise standards that are separately established.
Confirmation of the share-holding situation
■ Basic Approach
The Company and other companies in the Dai-ichi Life Group holding strategic-holding shares shall examine the appropriateness of the purpose for holding and the profitability relative to cost of capital for listed strategic-holding shares on an individual basis at their meetings of the Board of Directors every fiscal year. Strategic-holding shares shall be sold in case the rationale of holding such shares, neither in terms of strategic-holding nor investment purpose, is confirmed.
■ Result of Confirmation (As of March 31, 2020)
The Board of Directors of the Company and The Dai-ichi Life Insurance Company, Limited confirmed the appropriateness of the purpose for holding and the profitability relative to cost of capital for listed strategic-holding shares on an individual basis.
Possession of The Dai-ichi Life Insurance Company, Limited (As of March 31, 2021)
Equity holding excluding those held solely for the purpose of investment
(Dai-ichi Life Holdings, Inc.)
| Number of companies | 1 |
|---|---|
| Sum of carrying amount | 2.1 billion yen |
Equity holding excluding those held solely for the purpose of investment
(Possession of The Dai-ichi Life Insurance Company, Limited)
| Number of companies | 6 |
|---|---|
| Sum of carrying amount | 74.9 billion yen |
Equity holding for specified purpose
| Company Name | Number of share holding (thousands of shares) |
Carrying Amount (billions of yen) |
|---|---|---|
| Resona Holdings, Inc. | 106,241 | 49.0 |
| Mizuho Financial Group, Inc. | 15,469 | 25.1 |
Equity holding contributed to the retirement benefit trust
| Company Name | Number of share holding (thousands of shares) |
Carrying Amount (billions of yen) |
|---|---|---|
| Sompo Holdings, Inc. | 4,492 | 19.0 |
| Mizuho Financial Group, Inc. | 6,920 | 11.0 |
- (Note)
The information is an extract from the Company's securities report (unofficial translation). For detail, please refer to the Company's securities report (Japanese only).