Continued Holding and Annual Review of Strategic Shareholdings Held to Maintain Business Relationships
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2025.
49 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「At a meeting of the Board of Directors held on 29 September 2025, the company reviewed the purpose and rationale for holding investment shares held for purposes other than pure investment, commonly referred to as cross-shareholdings, including market value, book value, transaction amounts, dividends and holding risks, and determined that it was appropriate to continue holding them.」
The company continues its annual practice of having the Board of Directors review the purpose and rationale for holding cross-shareholdings and determine whether continued ownership is appropriate. - FY2023RestatedAnnual report
「At a meeting of the Board of Directors held on 29 September 2023, the company reviewed the purpose and rationale for holding cross-shareholdings, including market value, book value, transaction amounts, dividends and holding risks, and determined that it was appropriate to continue holding them.」
The company continues the practice of having the Board of Directors review the purpose and rationale for holding cross-shareholdings and determine whether continued ownership is appropriate. - FY2022RestatedAnnual report
「From a medium- to long-term perspective, the company reviewed at a meeting of the Board of Directors held on 30 September 2022 the purpose and rationale for holding investment shares held for purposes other than pure investment, commonly referred to as cross-shareholdings, including market value, book value, transaction amounts, dividends and holding risks, to determine whether such holdings remain necessary for promoting the business and contribute to enhancing corporate value. The company determined that it was appropriate to continue holding them.」
The company continues its policy of having the Board of Directors review the purpose and rationale for holding cross-shareholdings and determine whether continued ownership is appropriate. - FY2021ReframedAnnual report
「As a basic policy, the company is reducing the total number of cross-shareholdings from the perspective of improving capital efficiency and other considerations. If a company holding the company’s shares as cross-shareholdings indicates an intention to sell them or otherwise dispose of them, the company will respect that intention and respond appropriately, without taking action to impede the sale, such as suggesting a reduction in the value of transactions.」
In addition to its policy of holding cross-shareholdings to maintain and strengthen business relationships and reviewing them annually, the company has explicitly stated a policy of reducing their total number from the perspective of improving capital efficiency. - FY2020RestatedAnnual report
「The company may strategically hold shares in business partners when it determines that doing so will contribute to maintaining and strengthening stable, long-term business relationships with those companies. The Board of Directors and other bodies review annually whether such cross-shareholdings remain necessary for promoting the company’s business. At present, the company has determined that it is appropriate to hold investment shares held for purposes other than pure investment, commonly referred to as cross-shareholdings, because the benefits of holding them are recognized.」
The company continues its policy of holding cross-shareholdings to maintain and strengthen business relationships and reviewing them annually. - FY2019First statedAnnual report
「The company may strategically hold shares in business partners when it determines that doing so will contribute to maintaining and strengthening stable, long-term business relationships with those companies. The Board of Directors and other bodies review annually whether such cross-shareholdings remain necessary for promoting the company’s business.」
The company has, for the first time, stated a policy of holding cross-shareholdings when they contribute to maintaining and strengthening business relationships, and reviewing annually through the Board of Directors and other bodies whether continued ownership is necessary.