Annual Review and Reduction of Strategic Shareholdings
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022.
105 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Once a year, in June, the Board of Directors closely examines whether the benefits and risks associated with cross-shareholdings are commensurate with the cost of capital. It verifies each holding individually from the perspectives of its medium- to long-term economic rationale and the benefits of holding it, including maintaining and strengthening the overall relationship with business partners. Holdings judged not to have sufficient significance will be reduced.」
It continues its policy of annual reviews and reductions. During the fiscal year, it sold 1 unlisted shareholding for ¥8 million while acquiring 1 shareholding for ¥10 million. - FY2021AdvancedAnnual report
「Unlisted shares 2 8,000」
During the fiscal year, it sold 2 unlisted shareholdings and recorded total proceeds of ¥8 million. This is reported as a result related to its annual review and policy of reducing cross-shareholdings. - FY2019First statedAnnual report
「Once a year, the Board of Directors closely examines whether the benefits and risks associated with cross-shareholdings are commensurate with the cost of capital. It verifies each holding individually from the perspectives of its medium- to long-term economic rationale and the benefits of holding it, including maintaining and strengthening the overall relationship with business partners. Holdings judged not to have sufficient significance will be reduced.」
For cross-shareholdings, it has disclosed for the first time a policy under which the Board of Directors annually reviews each holding to determine whether its benefits and risks are commensurate with the cost of capital and whether it has medium- to long-term economic rationale, and reduces holdings that lack sufficient significance.