Reducing cross-shareholdings while considering business relationships
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025RestatedAnnual report
「The company holds neither shares held for pure investment purposes nor shares held for purposes other than pure investment.」
The company continued not to hold cross-shareholdings or shares held for pure investment purposes. - FY2020AdvancedAnnual report
「The company holds neither shares held for pure investment purposes nor shares held for purposes other than pure investment.」
It was confirmed that the company holds no cross-shareholdings, whether for pure investment purposes or other purposes. - FY2019First statedAnnual report
「The Group's policy is not to hold shares for purposes other than pure investment unless it determines, from a medium- to long-term perspective, that the business benefits of maintaining and strengthening capital alliances and cooperative relationships with business partners outweigh the risks and cost of capital. Based on this policy, following deliberation by the Board of Directors at its meeting held in July 2018, the Group sold the 1 issue of investment shares it held at the end of the previous fiscal year.」
The company adopted a policy of holding cross-shareholdings only when the benefits of capital alliances and business cooperation with business partners outweigh the risks and cost of capital, and disclosed that it had sold 1 issue.