Reviewing the Purpose of Cross-Shareholdings and Their Sale or Reduction
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Our basic policy is to dispose of or reduce cross-shareholdings whose strategic rationale we believe has diminished as promptly as possible. Accordingly, the Board of Directors verifies the rationale for each individual cross-shareholding every fiscal year. If any holding is not deemed to contribute to the sustainable growth of our Group and the enhancement of corporate value over the medium to long term, we will disclose the results of the review and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The rationale for strategic shareholdings is reviewed every fiscal year. The strategic shareholdings consist of 1 listed issue other than unlisted shares, with a carrying amount of ¥14 million on the balance sheet. - FY2019First statedAnnual report
「Under its basic policy of disposing of or reducing strategic shareholdings as promptly as possible when their rationale has diminished, the company verifies the rationale for each strategic shareholding at the Board of Directors' meeting every fiscal year. If any holding is found not to contribute to the group's sustainable growth and the enhancement of corporate value over the medium to long term, the company discloses the results of its review and engages in necessary and sufficient dialogue with the investee company as a shareholder. If no improvement is seen even after dialogue, the company will sell the shares in a timely and appropriate manner.」
The company describes for the first time a specific policy of reviewing strategic shareholdings every fiscal year, disposing of or reducing holdings whose rationale is weak, and selling holdings that do not improve after dialogue.