Periodic Review and Reduction of Cross-Shareholdings
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「During the fiscal year, the Board of Directors conducted a review of each holding using the method described above at its July 2024 meeting and confirmed the rationale for continued ownership.」
With respect to cross-shareholdings, the Company reviewed each holding at the July 2024 meeting of the Board of Directors and sold 2 holdings. Excluding unlisted shares, the number of holdings decreased from 10 to 8. - FY2023AdvancedAnnual report
「During the fiscal year, the Board of Directors conducted a review of each holding using the method described above at its July 2022 meeting and confirmed the rationale for continued ownership.」
With respect to cross-shareholdings, the Board of Directors reviewed the transaction status, economic rationale and other factors for each holding at its July 2022 meeting. - FY2021AdvancedAnnual report
「SENSHUKAI CO.,LTD. — 6,000 The shares were held as a customer in the textile business to maintain and strengthen a favorable business relationship, but were sold during the fiscal year.」
The Company reviewed each cross-shareholding and sold its 6,000 shares of SENSHUKAI CO.,LTD. during the fiscal year. - FY2020AdvancedAnnual report
「During the fiscal year, the Board of Directors conducted a review of each holding using the method described above at its July 2019 meeting and confirmed the rationale for continued ownership.」
With respect to cross-shareholdings, the Board of Directors reviewed the transaction status, economic rationale and other factors for each holding at its July 2019 meeting and confirmed the rationale for continued ownership. - FY2019First statedAnnual report
「The Company holds cross-shareholdings to contribute to its medium- to long-term growth strategy by maintaining and strengthening business relationships. It periodically conducts a comprehensive review of all shares held, including the status of transactions with the issuing companies and the economic rationale based on returns and risks, to determine whether the holdings contribute to the medium- to long-term management of the Group. If it determines that continued ownership is not warranted, it will engage in sufficient dialogue with the issuing companies and pursue measures to reduce the holdings.」
The Company states that it holds cross-shareholdings based on their business relationships and contribution to medium- to long-term growth, and will reduce them based on the results of periodic reviews.