Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Company will seek to reduce holdings it determines do not necessarily have sufficient strategic significance.」
The company continues to disclose its policy of regularly reviewing the rationale for holding strategic shareholdings and reducing holdings deemed to have insufficient significance. - FY2023RestatedAnnual report
「The Board of Directors regularly verifies whether the purpose of holding each strategic shareholding owned by the Group is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. For holdings judged to have insufficient significance, we will seek to reduce them.」
The company continues to disclose its policy of regularly reviewing the rationale for strategic shareholdings and reducing holdings deemed to have insufficient significance. - FY2021First statedAnnual report
「The Board of Directors regularly verifies whether the purpose of holding each strategic shareholding owned by the Group is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. For holdings judged to have insufficient significance, we will seek to reduce them.」
The company has for the first time explicitly stated a policy of regularly reviewing strategic shareholdings at Board meetings, including their purpose and the relationship between their benefits and risks and the cost of capital, and reducing holdings deemed to have insufficient significance.