Meiji Holdings Co (JP:2269) has released an update.
Meiji Holdings Co., Ltd. has implemented a robust corporate governance framework to enhance medium- and long-term strategy execution and boost management objectivity and transparency. The company adheres to the Corporate Governance Code, and in FYE March 2024, reduced strategic cross-shareholding by 20.2%, and aims to further reduce it to below 5% of consolidated net assets by FYE March 2027. Additionally, Meiji Holdings has sold off shares in 18 brands as part of its efforts to align with corporate governance guidelines and shareholder interests.
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