Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「All shares of ㈱大庄 and ㈱焼肉坂井ホールディングス were sold during the current fiscal year.」
With respect to cross-shareholdings, all shares of 2 holdings were sold. The Company also states that at the Board of Directors meeting held on 13 June 2024, it reviewed the rationality of continuing to hold them. - FY2022RestatedAnnual report
「At the June Board of Directors meeting held each year by デリカフーズホールディングス株式会社, most recently on 10 June 2022 under agenda item 3, "Confirmation of Continued Holding of Cross-Shareholdings," the Company verifies for each holding whether it is commensurate with the benefits of holding it, as well as whether it serves purposes such as maintaining medium- to long-term relationships, expanding transactions and creating synergies, taking into account annual transaction-volume trends and valuation gains or losses, and reviews whether to continue holding it and the number of shares held.」
At the Board of Directors meeting held on 10 June 2022, the Company reconfirmed its practice of reviewing whether to continue holding cross-shareholdings. - FY2021AdvancedAnnual report
「At the June Board of Directors meeting held each year by デリカフーズホールディングス株式会社, most recently on 11 June 2021 under agenda item 3, "Confirmation of Continued Holding of Cross-Shareholdings," the Company verifies for each holding whether it is commensurate with the benefits of holding it, as well as whether it serves purposes such as maintaining medium- to long-term relationships, expanding transactions and creating synergies, taking into account annual transaction-volume trends and valuation gains or losses, and reviews whether to continue holding it and the number of shares held.」
The Company specifically describes its review of continued cross-shareholdings at the Board of Directors meeting held on 11 June 2021, and conducts reviews based on benefits, transaction volume, valuation gains or losses, synergies and other factors. - FY2020AdvancedAnnual report
「At the June Board of Directors meeting held each year by デリカフーズホールディングス株式会社, most recently on 11 June 2020 under agenda item 2, "Review of Cross-Shareholdings," the Company verifies for each holding whether the associated benefits and risks are commensurate with the cost of capital, as well as whether it serves purposes such as maintaining medium- to long-term relationships, expanding transactions and creating synergies, taking into account annual transaction-volume trends and valuation gains or losses, and reviews whether to continue holding it and the number of shares held.」
The Company specifically describes its review of cross-shareholdings at the Board of Directors meeting held on 11 June 2020, and reviews whether to continue holding them and the number of shares held based on benefits, risks, transaction volume, valuation gains or losses and other factors. - FY2019First statedAnnual report
「With respect to cross-shareholdings, our basic policy is to dispose of or reduce, as promptly as possible, holdings whose significance is considered limited in light of the situation at the end of the most recent fiscal year. Each year, the Board of Directors verifies for each holding whether the benefits and risks associated with holding it are commensurate with the cost of capital and whether the holding serves its purposes, such as maintaining long-term relationships, expanding transactions and creating synergies, and reviews whether to continue holding it and the number of shares held.」
For cross-shareholdings, the Board of Directors annually verifies the benefits and risks of business relationships, financial transactions and synergies, and has, for the first time, expressly stated a policy of disposing of or reducing holdings with limited significance.