Appropriate Holding and Reduction of Strategic Shareholdings
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
49 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Regarding its cross-shareholdings, the company will hold shares within an appropriate scope after comprehensively considering its management strategy, business relationships with business partners, and the benefits and risks of holding them in light of the cost of capital, from the perspective of improving the group’s corporate value over the medium to long term. However, if the company determines that particular shares are unsuitable for continued holding, or if a shareholder that holds the company’s shares as a cross-shareholding expresses an intention to sell them or otherwise dispose of them, the company will consider measures to reduce its holdings.」
The company continues its policy of holding cross-shareholdings within an appropriate scope based on corporate value, business relationships, cost of capital, and benefits and risks, while reducing holdings as necessary. - FY2021First statedAnnual report
「Regarding its cross-shareholdings, the company will hold shares within an appropriate scope after comprehensively considering its management strategy, business relationships with business partners, and the benefits and risks of holding them in light of the cost of capital, from the perspective of improving the group’s corporate value over the medium to long term. However, if the company determines that particular shares are unsuitable for continued holding, or if a shareholder that holds the company’s shares as a cross-shareholding expresses an intention to sell them or otherwise dispose of them, the company will consider measures to reduce its holdings.」
Regarding cross-shareholdings, the company stated for the first time its policy of assessing whether holdings are appropriate based on medium- to long-term corporate value, business relationships, cost of capital, and benefits and risks, while also considering reductions.