Minimum Cross-Shareholdings and Board Review
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 1 50」
Under its policy of limiting policy-held shares to the minimum and working to reduce inappropriate holdings, the Company sold 1 listed shareholding during the fiscal year and recorded proceeds of ¥50 million. - FY2021RestatedAnnual report
「The Company holds the minimum number of shares not held for investment purposes in order to maintain and strengthen business relationships. The Board reviews the rationale for holding these shares, including in terms of the associated cost of capital. The Company will work to reduce holdings of shares it determines are no longer appropriate to retain.」
The policy of maintaining minimum holdings of policy-held shares, having the Board review their rationale and reducing inappropriate holdings remains in place. - FY2020Added a policy to reduce inappropriate shareholdingsAnnual report
「The Company will work to reduce holdings of shares it determines are no longer appropriate to retain.」
In addition to its existing policy of limiting policy-held shares to the minimum and having the Board review their rationale, the Company has stated a policy of reducing holdings when continued ownership is deemed inappropriate. - FY2019First statedAnnual report
「The Company holds the minimum number of shares not held for investment purposes in order to maintain and strengthen business relationships. The Board reviews the rationale for holding these shares, including in terms of the associated cost of capital.」
The Company has stated for the first time its policy of holding the minimum number of policy-held shares to maintain and strengthen business relationships and having the Board review the rationale for the holdings in light of the cost of capital and other factors.