Review of the Rationale for Cross-Shareholdings and Policy of Reducing Holdings
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2026.
102 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year under review Shares other than unlisted shares 1 6」
The company sold 1 holding other than unlisted shares, for total proceeds of ¥6 million. - FY2020AdvancedAnnual report
「As a result of the review, the company confirmed that continued ownership of all holdings was appropriate. Depending on future circumstances, however, the company will proceed with sales or other reductions of holdings where it determines that continued ownership has become less meaningful in light of its business strategy or trading relationships, taking share prices and market trends into account.」
Although the company confirmed the appropriateness of all cross-shareholdings in its review, it also disclosed the implementation of its reduction policy, having sold 2 holdings other than unlisted shares during the fiscal year under review. - FY2019First statedAnnual report
「With respect to investment shares held for purposes other than pure investment, the company conducts regular reviews at meetings of the Board of Directors and elsewhere from a medium- to long-term perspective aimed at enhancing corporate value, including the strengthening and maintenance of stable business and trading relationships.」
For cross-shareholdings, the company disclosed for the first time, in a consolidated form, its policy of conducting regular reviews by the Board of Directors and selling or reducing holdings whose strategic significance has diminished.