Maintaining Business Relationships and Verifying the Rationale for Strategic Shareholdings
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The rationale for holding each individual shareholding is referred to the Board of Directors based on the criteria described above.」
The company continues its policy of comprehensively considering business relationships, corporate value, holding risks and capital efficiency, among other factors, when verifying the rationale for cross-shareholdings at meetings of the Board of Directors. - FY2022RestatedAnnual report
「The rationale for holding each individual shareholding is referred to the Board of Directors based on the criteria described above.」
The company continues its policy of comprehensively considering business relationships, corporate value, holding risks and capital efficiency, among other factors, when verifying the rationale for cross-shareholdings at meetings of the Board of Directors. - FY2021RestatedAnnual report
「The rationale for holding each individual shareholding is referred to the Board of Directors based on the criteria described above.」
The company continues its policy of comprehensively verifying cross-shareholdings based on business relationships, corporate value, holding risks and capital efficiency, among other factors, and referring them to the Board of Directors. - FY2019First statedAnnual report
「The company holds shares in companies deemed necessary for the smooth advancement of its business as part of its management strategy, including maintaining and strengthening long-term, stable business relationships, in order to enhance social and economic value over the medium to long term. It also reviews its holdings as appropriate, taking into account changes in business conditions, dividend income and returns from share price appreciation. It verifies the economic rationale for specific actions and, where necessary, refers them to the Board of Directors.」
The company stated its policy of holding shares in business partners as cross-shareholdings to maintain and strengthen long-term, stable business relationships. It stated that, after considering business conditions, dividend income and returns from share price appreciation and verifying the economic rationale, it would refer matters such as continuing to hold the shares to the Board of Directors.