Review of the rationale and cost of capital for strategic shareholdings, with sales where necessary
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「Each year, the Company verifies the significance of holding each policy-oriented share. Based on the verification as of 31 March 2026, the Company confirmed that the individual purposes and rationale for its holdings of policy-oriented shares are consistent with its holding policy.」
The Company continues to verify each year the significance and rationale of its policy-oriented shareholdings and confirm their consistency with its holding policy. - FY2022RestatedAnnual report
「The Company verifies the purpose of holding each cross-held shareholding every fiscal year. Based on the review as of 31 March 2022, the Company confirmed that the individual purposes and rationality of its cross-held shareholdings were consistent with its holding policy.」
The Company annually verifies whether the purpose, benefits and risks of holding cross-held shares are commensurate with the cost of capital and confirms their consistency with its holding policy. - FY2021AdvancedAnnual report
「Holdings with a decrease in the number of shares during the fiscal year Shares other than unlisted shares 2 14,103」
The Company sold 2 cross-held shareholdings other than unlisted shares, for total sale proceeds of ¥14,103 thousand. It also continued its policy of verifying the purpose and rationality of holding each individual shareholding. - FY2020RestatedAnnual report
「For each cross-held shareholding, the Company carefully examines its purpose, whether the benefits and risks of holding it are commensurate with the cost of capital, and its returns and risks, and reports the results to the Board of Directors annually. If the purpose or effect of holding a cross-held shareholding is deemed limited, the Company sells it as appropriate, taking into account the share price, market conditions and other relevant factors.」
The Company continued its practice of annually verifying the purpose of holding cross-held shares and whether their benefits and risks are commensurate with the cost of capital, and confirming their rationality. - FY2019First statedAnnual report
「The Company may hold cross-held shares when it determines that doing so will contribute to improving the Group's medium- to long-term corporate value, taking into account the maintenance and strengthening of long-term, stable relationships with business partners and financial institutions, as well as the Company's management and business strategies. In such cases, acquisitions of shares above a specified amount require a resolution of the Board of Directors. For each cross-held shareholding, the Company carefully examines its purpose, whether the benefits and risks of holding it are commensurate with the cost of capital, and its returns and risks, and reports the results to the Board of Directors annually. If the purpose or effect of holding a cross-held shareholding is deemed limited, the Company sells it as appropriate, taking into account the share price, market conditions and other relevant factors.」
The Company disclosed for the first time its policy of annually verifying the purpose of holding cross-held shares and whether their benefits and risks are commensurate with the cost of capital, and selling them when their purpose or effect is deemed limited.