Policy of Generally Not Holding Investment Shares for Purposes Other Than Pure Investment
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2024.
106 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Unlisted shares 1 122,499 Shares were acquired to strengthen relationships in light of future business development.」
As an exception to the policy of generally not holding cross-shareholdings, 1 unlisted shareholding was acquired for ¥122,499 thousand to support future business development and strengthen relationships. - FY2023AdvancedAnnual report
「In addition, all investment shares held were sold during the current fiscal year.」
It has been disclosed that all investment shares held during the current fiscal year were sold, in connection with the policy of generally not holding cross-shareholdings. - FY2022RestatedAnnual report
「As a general rule, we do not hold investment shares whose holding purpose is other than pure investment.」
The policy of generally not holding cross-shareholdings, and the approach of considering retention only where sustainable growth is expected as a strategic partner, have been reiterated. - FY2021First statedAnnual report
「As a general policy, the Company does not hold listed shares held for purposes other than pure investment. However, for holdings in customers and business partners, among others, where the Company can envisage sustainable growth for both the Group and the investee, such as where maintaining and developing business relationships is expected through an alliance or other arrangement as a strategic partner, the Board of Directors or another relevant body conducts a comprehensive review and determines whether the holdings should be retained.」
The policy of generally not holding cross-shareholdings has been stated for the first time, together with the approach of considering whether to retain them at the Board of Directors or another relevant body only where sustainable growth is expected as a strategic partner.