Reviewing the Rationale for Cross-Shareholdings and Reducing Holdings
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025RestatedAnnual report
「Under its basic policy of disposing of or reducing strategic shareholdings considered to have diminished significance as promptly as possible, the company’s Board of Directors verifies the significance of each strategic holding every fiscal year.」
The policy of reviewing the significance of strategic shareholdings annually and engaging in dialogue or selling them as necessary continues. - FY2020Disclosure of sales of strategic shareholdingsAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares 1 11,789」
In addition to the policy of verifying the significance of each strategic holding annually and reducing holdings, the company disclosed the sale of 1 unlisted holding during the fiscal year, representing a reduction of ¥11.789 million at the sale price. - FY2019First statedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings as promptly as possible when the rationale for holding them has diminished, the company reviews the rationale for each holding at every fiscal year-end through the Board of Directors. If a holding is not considered to contribute to the group's continued business expansion and enhancement of corporate value, the company engages in necessary and sufficient dialogue with the investee as a shareholder. If no improvement is achieved through that dialogue, the shares will be sold in a timely and appropriate manner.」
The policy on strategic shareholdings, including annual verification by the Board of Directors, dialogue with investees, and sale or reduction in the absence of improvement, is stated explicitly for the first time.