Sumitomo Mitsui Construction Co., Ltd. (JP:1821) has released an update.
Sumitomo Mitsui Construction Co., Ltd. has implemented a comprehensive corporate governance framework aimed at sustainable growth and transparency, which includes an efficient management system and accountability through proper disclosure. The company has successfully reduced its cross-shareholdings balance by 50% compared to FY2022 and aims to lower its consolidated net asset ratio to below 20%. Additionally, they are committed to diversity and inclusion, promoting women and foreign nationals within managerial roles, and have met early targets for reducing cross-shareholdings.
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