Review of Strategic Shareholdings in Light of Business Relationships and Business Synergies
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
104 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Our group acquires and holds shares primarily at the request of business partners, and only when it considers them necessary to build favorable business relationships over the medium to long term or facilitate financial transactions. The Board of Directors verifies the rationale for each holding by assessing its purpose, unrealized gains or losses and dividend status, and whether it contributes to increasing the corporate value of our group.」
The company continued its periodic review of cross-shareholdings. During the fiscal year, it sold 1 unlisted issue and 3 listed issues, and reviewed the purpose of its holdings, including changing Takuma shares to holdings for investment purposes. - FY2024RestatedAnnual report
「Our group acquires and holds shares primarily at the request of business partners, and only when it considers them necessary to build favorable business relationships over the medium to long term or facilitate financial transactions. The Board of Directors verifies the rationale for each holding by assessing its purpose, unrealized gains or losses and dividend status, and whether it contributes to increasing the corporate value of our group.」
The company continues its policy of reviewing the purpose, unrealized gains or losses and dividend status of each cross-shareholding at Board of Directors meetings. During the fiscal year, the number of shares increased in 5 issues, and the company plans to consider selling some issues. - FY2022AdvancedAnnual report
「Each period, the company verifies the significance of individual cross-shareholdings at meetings of the Board of Directors, taking into account share-price trends, whether dividends are paid and the status of transactions. Based on the review as of 31 March Reiwa 4, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company conducts a review of cross-shareholdings each period and confirmed that all currently held issues are consistent with its policy. During the fiscal year, the number of shares increased in 5 issues, and all shares in 2 issues were sold. - FY2020AdvancedAnnual report
「Each period, the company verifies the significance of individual cross-shareholdings at the Board of Directors and other meetings, taking into account share-price trends, whether dividends are paid and the status of transactions. Based on the review as of 31 March Reiwa 2, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company conducts a review of cross-shareholdings each period, taking into account share prices, dividends and transaction status, and confirmed that all currently held issues are consistent with its holding policy. The number of shares in 6 issues increased through employee stock ownership plans and other arrangements with business partners. - FY2019First statedAnnual report
「Our group may acquire and hold shares, primarily at the request of business partners, when it considers them necessary to build and maintain favorable business relationships over the medium to long term. The Board of Directors and other bodies review the rationale for each holding annually, including whether it is expected to generate corporate partnerships or business synergies.」
For cross-shareholdings, the company has stated for the first time that maintaining business relationships, corporate partnerships and business synergies are the purposes of holding the shares, and that their rationale will be reviewed annually by the Board of Directors and other bodies.