J-POWER holds shares of companies it deems necessary in order to maintain, reinforce, and build a business base for sustainable growth and the medium-and long-term enhancement of corporate value.

Every year, the Board of Directors evaluates whether the Company should continue holding its main strategic shareholdings from the perspective of consistency with the objectives of said holdings as well as their rationality and necessity.

Furthermore, J-POWER exercises the voting rights of its strategically held shares based on careful consideration of the medium- and longterm enhancement of the corporate value of the companies whose shares it holds as well as its objectives for holding such shares.