Annual Board Review of Strategic Shareholdings and Their Reduction
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025RestatedAnnual report
「During the fiscal year, the Board of Directors conducted a review at its October meeting and confirmed that the shares held continued to have strategic significance.」
For cross-shareholdings, the Board of Directors reviewed the appropriateness of continued ownership during the fiscal year and confirmed the strategic significance of the holdings. - FY2023AdvancedAnnual report
「During the fiscal year, all shares of 1 issue were sold.」
The Board of Directors conducts an annual review of cross-shareholdings and sold all shares of 1 issue. The company is implementing its policy of reducing holdings with little strategic significance. - FY2021AdvancedAnnual report
「For each cross-shareholding, the Board of Directors annually conducts a detailed qualitative and quantitative review against the above holding policy to determine whether the purpose of holding the shares is reasonable and whether the benefits and risks of holding them are commensurate with the cost of capital, among other matters, and verifies whether continued ownership is appropriate. During the fiscal year under review, the Board of Directors also conducted a review at its meeting in October and confirmed that the shares held continued to have strategic significance.」
For cross-shareholdings, the Board of Directors reviewed the appropriateness of holding each issue at its October meeting during the fiscal year and confirmed the strategic significance of the holdings. - FY2020First statedAnnual report
「For each cross-shareholding, the Board of Directors annually conducts a detailed review from qualitative perspectives, such as maintaining and smoothly advancing business relationships, and quantitative perspectives, such as dividend income and the nature of transactions, to verify whether the benefits and risks of holding the shares are commensurate with the cost of capital and whether continued ownership is appropriate.」
For cross-shareholdings, the Board of Directors conducts an annual review using business relationships, dividend income, the nature of transactions and their relationship to the cost of capital, and has stated for the first time a policy of selling or reducing holdings with little strategic significance.