Restraining new acquisitions of cross-shareholdings and verifying the rationale for existing holdings
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2025.
102 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「At the Board of Directors meeting held in February 2024, the Company reviewed the rationale for holding each individual security based on the verification method described above, and in fiscal 2024 sold 4 of its listed policy-held shares. More recently, at a Board of Directors meeting held in February 2025, the Company reviewed the rationale for holding each individual security based on the verification method described above.」
The disclosure records the sale of 4 individual securities and a review of the rationale for holding each security in February 2025. - FY2022AdvancedAnnual report
「Specifically, at the Board of Directors meeting held on 4 February 2022, the Company reviewed the rationale for holding each individual security based on the verification method described above.」
The disclosure states that the Board of Directors conducted its annual review of the rationale for holding each individual policy-held share on 4 February 2022. - FY2021First statedAnnual report
「As a general rule, the company does not newly acquire shares held for purposes other than pure investment, from the perspectives of avoiding the risk of share-price fluctuations and improving capital efficiency. For shares already held, its basic policy is to reduce the balance if the annual review by the Board of Directors determines that there is no rationale for continued ownership, after taking into account the business relationship with the investee and thorough discussions with business partners.」
The company newly discloses a policy of generally restraining new acquisitions of cross-shareholdings, verifying the rationale for each holding annually at Board of Directors meetings, and reducing holdings when no rationale exists.