Reviewing the Rationale for Cross-Shareholdings and Selling Holdings
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「For shares held for purposes other than pure investment, the Board of Directors reviews each year whether continued ownership is appropriate, including whether conflicts of interest exist. Taking into account the cost of capital and other factors, we will sell shares that are judged to have little significance or economic rationale, while considering market conditions and other factors.」
For cross-shareholdings, the Company continues its annual review by the Board of Directors and its policy of selling holdings with little economic rationale. It states that no holdings experienced either an increase or decrease in the number of shares during the fiscal year. - FY2024AdvancedAnnual report
「For shares held for purposes other than pure investment, the Board of Directors reviews each year whether continued ownership is appropriate, including whether conflicts of interest exist. Taking into account the cost of capital and other factors, we will sell shares that are judged to have little significance or economic rationale, while considering market conditions and other factors.」
For cross-shareholdings, the Company continued its existing review and sale policy and sold 1 non-listed holding during the fiscal year. - FY2023RestatedAnnual report
「For shares held for purposes other than pure investment, the Board of Directors reviews each year whether continued ownership is appropriate, including whether conflicts of interest exist. Taking into account the cost of capital and other factors, we will sell shares that are judged to have little significance or economic rationale, while considering market conditions and other factors.」
For cross-shareholdings, the Company continues its annual review by the Board of Directors and its policy of selling holdings with little economic rationale. - FY2022RestatedAnnual report
「For shares held for purposes other than pure investment, the Board of Directors reviews each year whether continued ownership is appropriate, including whether conflicts of interest exist. Taking into account the cost of capital and other factors, we will sell shares that are judged to have little significance or economic rationale, while considering market conditions and other factors.」
For cross-shareholdings, the Company continues its annual review by the Board of Directors and its policy of selling holdings with little economic rationale. - FY2021RestatedAnnual report
「For shares held for purposes other than pure investment, the Board of Directors reviews each year whether continued ownership is appropriate, including whether conflicts of interest exist. Taking into account the cost of capital and other factors, we will sell shares that are judged to have little significance or economic rationale, while considering market conditions and other factors.」
For cross-shareholdings, the Company continues its annual review by the Board of Directors and its policy of selling holdings with little economic rationale. - FY2019First statedAnnual report
「For shares held for purposes other than pure investment, the Board of Directors reviews each year whether continued ownership is appropriate, including whether conflicts of interest exist. Taking into account the cost of capital and other factors, we will sell shares that are judged to have little significance or economic rationale, while considering market conditions and other factors.」
The company has established a policy of annually reviewing the significance and economic rationale of cross-shareholdings at Board meetings and selling holdings with insufficient rationale.