Decisions on Holding Policy Shareholdings Based on Business Relationships and Economic Rationale
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「With respect to cross-shareholdings, decisions will be made after considering their economic rationale and future outlook, including (1) the risks associated with holding them, such as the risk of price declines, (2) the returns expected from maintaining and strengthening business relationships, and (3) consistency with the basic principles of the Company’s capital policy.」
The policy of reviewing the rationale for holding cross-shareholdings based on the risk of price declines, expected returns, consistency with the capital policy and the future outlook remains in place. - FY2025AdvancedAnnual report
「These shares were held to establish and strengthen stable business relationships, but after reviewing the rationale for holding them, all shares were sold during the fiscal year.」
The sale of shares held in companies including ㈱サンウェルズ, following a review of their economic rationale and future outlook, has been reported. - FY2022RestatedAnnual report
「With respect to cross-shareholdings, decisions will be made after considering their economic rationale and future outlook, including (1) the risks associated with holding them, such as the risk of price declines, (2) the returns expected from maintaining and strengthening business relationships, and (3) consistency with the basic principles of the Company’s capital policy.」
The policy of reviewing the rationale for holding cross-shareholdings based on the risk of price declines, expected returns, consistency with the capital policy and the future outlook has been reaffirmed. - FY2021First statedAnnual report
「With respect to cross-shareholdings, decisions will be made after considering their economic rationale and future outlook, including (1) the risks associated with holding them, such as the risk of price declines, (2) the returns expected from maintaining and strengthening business relationships, and (3) consistency with the basic principles of the Company’s capital policy.」
For cross-shareholdings, the Company has stated for the first time its policy of reviewing the rationale for holding them by considering not only the maintenance and strengthening of business relationships, but also the risk of price declines, expected returns, consistency with its capital policy and the future outlook.