Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
49 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Under our basic policy of disposing of or reducing cross-shareholdings whose significance we believe has diminished as promptly as possible, the Board of Directors verifies each fiscal year the purpose and significance of individual cross-shareholdings.」
The company continues to have the Board of Directors review the rationale for cross-shareholdings every fiscal year and to dispose of or reduce holdings whose rationale has diminished. - FY2021First statedAnnual report
「Our basic policy is to dispose of or reduce cross-shareholdings whose strategic rationale we believe has diminished as promptly as possible. Accordingly, the Board of Directors verifies the rationale for each individual cross-shareholding every fiscal year. If any holding is not deemed to contribute to the sustainable growth of our Group and the enhancement of corporate value over the medium to long term, we will disclose the results of the review and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
For cross-shareholdings, the company disclosed for the first time its policy of having the Board of Directors review their rationale every fiscal year, engage in necessary dialogue and sell the shares if no improvement is made.