Limiting and Reducing Strategic Shareholdings
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2024.
105 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「We also regularly report the status of our holdings to the Board of Directors and are reducing holdings, particularly those deemed to have little purpose or economic rationale.」
The number of listed cross-shareholdings declined to 4. Holdings in 1 stock were reduced during the fiscal year, generating sale proceeds of ¥14 million. - FY2023AdvancedAnnual report
「We also regularly report the status of our holdings to the Board of Directors and are reducing holdings, particularly those deemed to have little purpose or economic rationale.」
The Company described regular reviews of cross-shareholdings by the Board of Directors and a policy of reducing holdings. The number of listed stocks declined to 5, with holdings in 1 stock reduced during the fiscal year and sale proceeds of ¥121 million. - FY2022AdvancedAnnual report
「We also regularly report the status of our holdings to the Board of Directors and are reducing holdings, particularly those deemed to have little purpose or economic rationale.」
The Company described a process of regularly reviewing cross-shareholdings at Board of Directors meetings and reducing holdings with little rationale. It held 7 listed stocks, reduced the number of shares held in 1 stock during the fiscal year, and recorded sale proceeds of ¥11 million. - FY2021RestatedAnnual report
「We do not hold shares as cross-shareholdings solely to maintain stable shareholders. However, we hold shares only when, from a medium- to long-term perspective, we determine that there is a purpose and economic rationale for doing so, based on factors such as growth potential, profitability and stronger business relationships, including an appropriate risk-return profile.」
Reaffirmed the policy of not holding shares for the purpose of maintaining stable shareholders, verifying their purpose and economic rationale, and reducing holdings with little rationale. - FY2020RestatedAnnual report
「We do not hold shares as cross-shareholdings solely to maintain stable shareholders. However, we hold shares only when, from a medium- to long-term perspective, we determine that there is a purpose and economic rationale for doing so, based on factors such as growth potential, profitability and stronger business relationships, including an appropriate risk-return profile.」
Reaffirmed the policy of not holding shares for the purpose of maintaining stable shareholders, verifying their purpose and economic rationale, and reducing holdings with little rationale. - FY2019First statedAnnual report
「We do not hold shares as cross-shareholdings solely to maintain stable shareholders. However, we hold shares only when, from a medium- to long-term perspective, we determine that there is a purpose and economic rationale for doing so, based on factors such as growth potential, profitability and stronger business relationships, including an appropriate risk-return profile.」
The Company first explicitly stated its policy of not holding cross-shareholdings for the purpose of maintaining stable shareholders, limiting holdings to companies with a meaningful purpose and economic rationale, and reducing holdings with little rationale.