Reviewing the Economic Rationale for Cross-Shareholdings and a Policy to Reduce Them
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026Addition of a cross-shareholdingAnnual report
「Daiwa Securities Group Inc. 15,000 － We receive advice and information on IR activities, and the holding contributes to maintaining an ongoing business relationship.」
A new cross-shareholding in 15,000 shares of Daiwa Securities Group Inc., with a balance-sheet carrying amount of ¥24 million, has been disclosed, with the purpose of maintaining a business relationship related to IR activities. - FY2025RestatedAnnual report
「For listed cross-shareholdings, we assess the economic rationale for holding them after considering the benefits, disadvantages and risks associated with ownership, and make decisions at the Board of Directors regarding whether to continue holding or dispose of them after comprehensively considering the medium- to long-term group revenue that may be generated by strengthening business relationships.」
The policy of reviewing the economic rationale for cross-shareholdings and reducing holdings whose significance is no longer recognized continues. - FY2021RestatedAnnual report
「For listed cross-shareholdings, the Board of Directors decides whether to continue holding or dispose of each holding after reviewing the economic rationale for ownership, taking into account the benefits, disadvantages and risks of holding the shares and comprehensively considering medium- to long-term Group earnings that may result from stronger business relationships. Shares that are no longer considered meaningful to continue holding will be reduced.」
The policy of reviewing the economic rationale for cross-shareholdings and reducing holdings whose significance is no longer recognized continues. - FY2020First statedAnnual report
「For listed cross-shareholdings, the Board of Directors decides whether to continue holding or dispose of each holding after reviewing the economic rationale for ownership, taking into account the benefits, disadvantages and risks of holding the shares and comprehensively considering medium- to long-term Group earnings that may result from stronger business relationships. Shares that are no longer considered meaningful to continue holding will be reduced.」
The company first systematically described its policy of reviewing the economic rationale and medium- to long-term Group earnings associated with cross-shareholdings and reducing holdings that are no longer considered meaningful.