Assessing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Under its basic policy of reducing cross-shareholdings whose holding purpose is considered insufficiently meaningful, the company verifies and deliberates individually at the Board of Directors each fiscal year whether each holding should be maintained.」
The company continues its policy of holding shares based on important business relationships and corporate value enhancement, and verifying their rationale and reducing holdings at the Board of Directors each fiscal year. - FY2022ReframedAnnual report
「Investments in shares for which the holding purpose was changed during the fiscal year from a purpose other than pure investment to a pure investment purpose Issue Number of shares (shares) Balance sheet carrying amount (¥ million) Super Value Co., Ltd. 576,400 571」
While maintaining its policy of verifying the rationale for and reducing cross-shareholdings, the company changed the purpose of holding 576,400 shares of Super Value Co., Ltd. from a purpose other than pure investment to a pure investment purpose. - FY2020RestatedAnnual report
「Under its basic policy of reducing cross-shareholdings whose holding purpose is considered insufficiently meaningful, the company verifies and deliberates individually at the Board of Directors each fiscal year whether each holding should be maintained.」
The company continues to hold cross-shareholdings based on important business relationships and medium- to long-term corporate value enhancement, review them every fiscal year, and reduce holdings with limited rationale. - FY2019First statedAnnual report
「The company holds shares in other listed companies only when maintaining and developing important business relationships and enhancing the company’s medium- to long-term corporate value are deemed to be important from a corporate strategy perspective. In addition, under its basic policy of reducing cross-shareholdings whose holding purpose is considered insufficiently meaningful, the company verifies and deliberates individually at each fiscal year-end whether each holding should be maintained.」
The company has disclosed for the first time a policy of holding cross-shareholdings based on important business relationships and medium- to long-term corporate value enhancement, reviewing each holding individually at the Board of Directors every fiscal year, and reducing holdings with limited significance or economic rationale.