OTHER INITIATIVES

Shares Held for Strategic Purposes

The Company acquires and holds shares for other than purely investment purposes if it deems such shareholdings to be useful in facilitating the Group’s business activities in cases such as when the shareholdings contribute to maintaining and reinforcing medium- to long-term transactional relationships or to establishing stable procurement of funds.
In regard to listed shares that the Company holds as investment shares for other than purely investment purposes, it verifies the rationality of shareholdings from the perspective of whether it facilitates the progress of the Group’s business activities, by looking at the history of the Company’s acquisition of such shares, the track record of business transactions, the status of cooperative partnerships, dividend performance, and other factors. The Company then reports to its Board of Directors, at least as frequently as once a year, the details of such findings, the reductions in such shareholdings and the guidelines followed by the Company regarding future reductions, and, where necessary, the Company proceeds with the sale of such shares.
In addition, the Company has been conducting ongoing investments in venture businesses since FY2016 in its seven defined focus areas, which include real estate tech, AI and robotics, and renewable energy. Centered on the Innovation and Business Transformation Group, these efforts are aimed at heightening the value of existing businesses and expanding the Company’s business domains through the utilization of technologies and coordination with external partners.

Holdings of Shares Held for Strategic Purposes (Total for Listed and Non-Listed Companies) Change in Disposal of Shares Held for Strategic Purposes

Details Disclosed in FY2021 Securities Report (Filed on June 29, 2021)

[Status of Shareholdings]

a) Criteria for and basic approach to categorizing investment shares

The Company categorizes investment shares held for the purpose of receiving dividends or gains on sales as investment shares held purely for investment purposes, and shares held for other purposes, such as to enhance corporate value by maintaining or reinforcing the business of the Company as investment shares held for other than purely investment purposes.

b) Policy on the holding of investment shares for other than purely investment purposes and methods for verifying the rationality of such holdings, and details of verification conducted by the Board of Directors, etc. with regard to the suitability of holding individual issues

The Company acquires and holds shares for other than purely investment purposes if it deems such shareholdings to be useful in facilitating the Group’s business activities in cases such as when the shareholdings contribute to maintaining and reinforcing medium- to long-term transactional relationships or to establishing stable procurement of funds.
In regard to listed shares that the Company holds as investment shares for other than purely investment purposes, it verifies the rationality of shareholdings from the perspective of whether it facilitates the progress of the Group’s business activities by looking at the history of the Company’s acquisition of such shares, the track record of business transactions, the status of cooperative partnerships, dividend performance, and other factors. The Company then reports to its Board of Directors, at least as frequently as once a year, the details of such findings, the reductions in such shareholdings and the guidelines followed by the Company regarding future reductions, and, where necessary, the Company proceeds with the sale of such shares.

c) Number of issues held as investment shares for other than purely investment purposes, and total amount recorded on balance sheet

  Number of issues
(Issues)
Total amount recorded on balance sheet
(Millions of yen)
Unlisted shares 98 8,737
Shares other than unlisted shares 65 228,570

(Note) Aiming to enhance added value in existing businesses, and expand the scope of business domains by utilizing technology and cooperating with external partners, the Company, mainly through the Innovation and Business Transformation Group, is continuously making investments in start-ups.
In the above number of issues, 30 issues (28 unlisted shares and two shares other than unlisted shares) are new business shares held for the purpose of new business creation.

(Issues for which the number of shares increased in the fiscal year ended March 31, 2021)
  Number of issues
(Issues)
Total acquisition cost associated
with the increase in number of shares
(Millions of yen)
Reasons for increase
in number of shares
Unlisted shares 9 1,446 To unearth new business projects and
generate synergies with existing businesses
Shares other than unlisted shares 2 1,054 To contribute to enhancing corporate value through business alliances and joint businesses

(Note)  Eight issues of the unlisted shares and one issue of shares other than unlisted shares are new business shares held for the purpose of new business creation.

(Issues for which the number of shares decreased in the fiscal year ended March 31, 2021)
  Number of issues
(Issues)
Total sales proceeds associated
with the decrease in number of shares
(Millions of yen)
Unlisted shares 2 235
Shares other than unlisted shares 7 4,214

d) Information on the number of shares of each issue and amount on balance sheet for specific investment shares and deemed holdings of equity securities
(With regard to the quantitative effects of the holding, for reasons of information management, details of transactions and cooperative partnerships with the other party are not disclosed.)

Specific investment shares
Issue FY2021 FY2020 Purpose of holding and reasons for increase
in number of shares held
Holding of the
Company’s shares
Number of shares
(Shares)
Number of shares
(Shares)
Balance sheet amount
(Millions of yen)
Balance sheet amount
(Millions of yen)
Mitsubishi Corporation 13,088,457 13,088,457 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
40,966 29,992
AGC Inc. 4,414,706 4,540,606 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
20,440 12,073
Japan Airport Terminal Co., Ltd. 3,111,400 3,111,400 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business No
16,926 12,990
Mitsubishi UFJ Financial Group, Inc. 27,821,042 27,921,042 Principally to contribute to fund procurement and enhancing corporate value by maintaining and reinforcing positive relationships in the Commercial Property Business Yes (Note 1)
16,461 11,252
HEIWA REAL ESTATE CO., LTD. 4,274,100 4,274,100 To contribute to enhancing corporate value through business alliances and joint businesses Yes
14,767 11,963
Mitsubishi Logistics Corporation 3,665,554 3,665,554 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group Yes
12,407 7,998
Taisei Corporation 2,426,690 2,426,690 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
10,361 8,020
Mitsubishi Electric Corporation 5,577,294 5,577,294 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
9,406 7,445
Mitsubishi Heavy Industries, Ltd. 2,346,997 2,346,997 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
8,094 6,413
East Japan Railway Company 857,300 857,300 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
6,720 7,009
Central Japan Railway Company 367,900 367,900 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
6,088 6,372
Shin-Etsu Chemical Co., Ltd. 308,212 308,212 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
5,735 3,307
Kirin Holdings Company, Limited 2,690,438 4,035,538 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
5,705 8,625
TOYOTA MOTOR CORPORATION 598,462 598,462 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business No
5,156 3,890
Mitsubishi Materials Corporation 1,739,700 1,739,700 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
4,495 3,853
NIKON CORPORATION 3,510,000 3,510,000 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group Yes
3,632 3,502
TOHO CO., LTD. 794,100 794,100 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
3,565 2,620
Odakyu Electric Railway Co., Ltd. 901,000 901,000 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
2,725 2,137
Mitsubishi UFJ Lease & Finance Company Limited
(Note 2)
3,760,000 3,760,000 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business No
2,511 2,000
Mitsubishi Research Institute, Inc. 598,500 598,500 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group No
2,465 1,969
SHIMIZU CORPORATION 2,738,650 2,738,650 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
2,453 2,314
Obayashi Corporation 2,404,961 2,404,961 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
2,441 2,226
Mitsubishi Chemical Holdings Corporation 2,823,000 2,897,000 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes (Note 1)
2,342 1,862
Seino Holdings Co., Ltd. 1,275,900 1,275,900 To contribute to enhancing corporate value through business alliances and joint businesses Yes
1,967 1,496
Uzabase, Inc. 657,400 To contribute to enhancing corporate value through business alliances and joint businesses No
1,820
Nippon Suisan Kaisha, Ltd. 2,789,900 2,789,900 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
1,484 1,333
THE HACHIJUNI BANK, LTD. 3,441,500 3,441,500 Principally to contribute to stable fund procurement Yes
1,386 1,345
The Chiba Bank, Ltd. 1,852,000 1,852,000 Principally to contribute to stable fund procurement Yes
1,342 875
Fukuoka Financial Group, Inc. 621,600 621,600 Principally to contribute to stable fund procurement Yes (Note 1)
1,304 889
MITSUBISHI GAS CHEMICAL COMPANY, INC. 431,405 431,405 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
1,170 507
T&D Holdings, Inc. 746,900 746,900 Principally to contribute to stable fund procurement Yes (Note 1)
1,065 660
TOKAI CARBON CO., LTD. 588,250 588,250 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
1,051 524
SHIMADZU CORPORATION 233,476 233,476 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business No
935 664
Kubota Corporation 359,000 359,000 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group Yes
904 495
The Shizuoka Bank, Ltd. 886,750 886,750 Principally to contribute to stable fund procurement Yes
771 582
RENAISSANCE INCORPORATED 637,500 637,500 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Residential Business No
747 641
NOHMI BOSAI LTD 345,000 345,000 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
741 690
NIPPON EXPRESS CO., LTD. 89,483 89,483 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group No
737 473
Mebuki Financial Group, Inc. 2,340,000 2,340,000 Principally to contribute to stable fund procurement Yes (Note 1)
610 514
JFE Holdings, Inc. 399,800 399,800 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business No
544 281
The Hyakugo Bank, Ltd. 1,509,000 1,509,000 Principally to contribute to stable fund procurement Yes
504 455
Matsuya Co., Ltd. 545,300 545,300 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
500 334
SHINAGAWA REFRACTORIES CO., LTD. 138,150 138,150 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
398 306
Tokyo Kaikan Co., Ltd. 131,140 131,140 To contribute to enhancing corporate value by maintaining and reinforcing cooperative partnerships, principally in the Commercial Property Business Yes
397 370
P.S. Mitsubishi Construction Co., Ltd. 496,000 496,000 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
333 254
Nippon Yusen Kabushiki Kaisha 86,121 86,121 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
325 110
The Kodensha, Co., Ltd. 58,500 58,500 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes
298 239
GS Yuasa Corporation 73,670 73,670 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships with tenants, principally in the Commercial Property Business Yes (Note 1)
221 107
Mitsubishi Kakoki Kaisha, Ltd. 66,586 66,586 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group Yes
188 106
Concordia Financial Group, Ltd. 320,000 1,186,500 Principally to contribute to stable fund procurement Yes (Note 1)
143 373
Kyushu Financial Group, Inc. 256,410 256,410 Principally to contribute to stable fund procurement Yes (Note 1)
121 105
The 77 Bank, Ltd. 70,687 70,687 Principally to contribute to stable fund procurement Yes
110 98
The Nanto Bank, Ltd. 50,440 50,440 Principally to contribute to stable fund procurement Yes
99 112
Mitsubishi Steel Mfg. Co., Ltd. 112,472 112,472 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group Yes
98 89
HOTEL NEWGRAND CO., LTD. 24,200 24,200 To contribute to enhancing corporate value by maintaining and reinforcing positive relationships in businesses across the entire Group No
89 52
gooddays holdings, Inc. 57,000 57,000 To contribute to enhancing corporate value through business alliances and joint businesses No
65 44

(Note 1) The company in question does not hold shares of Mitsubishi Estate, but a major subsidiary of the company holds shares of Mitsubishi Estate.

(Note 2) Mitsubishi UFJ Lease & Finance Company Limited changed its trade name to Mitsubishi HC Capital Inc., effective April 1, 2021.

Deemed holdings of equity securities
Issue FY2021 FY2020 Purpose of holding and reasons for increase in number of shares held Holding of the
Company’s shares
Number of shares
(Shares)
Number of shares
(Shares)
Balance sheet amount
(Millions of yen)
Balance sheet amount
(Millions of yen)
Tokio Marine Holdings, Inc. 6,929,500 6,929,500 To maintain authority to exercise voting rights Yes
36,483 34,301
Mitsubishi Electric Corporation 10,656,000 10,656,000 To maintain authority to exercise voting rights Yes
17,971 14,225
Mitsubishi UFJ Financial Group, Inc. 4,306,400 4,306,400 To maintain authority to exercise voting rights Yes (Note 1)
2,548 1,735
MITSUBISHI MOTORS CORPORATION 700,000 700,000 To maintain authority to exercise voting rights No
220 214

(Note 1) The company in question does not hold shares of Mitsubishi Estate, but a major subsidiary of the company holds shares of Mitsubishi Estate.

(Note 2) At the stage at which the top issues in terms of the amount recorded on the balance sheet are selected, specific investment shares and deemed holdings of equity securities are not included in aggregate totals.

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