Policy on Holding and Reviewing Cross-Shareholdings
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2021.
- FY2021RestatedAnnual report
「With respect to cross-shareholdings, once a year the Board of Directors conducts a specific review, in light of the purpose of each holding, of whether its medium- to long-term economic rationale and holding risk are commensurate with the cost of capital. After considering the views of outside directors, the Board decides whether to continue holding the shares and proceeds to sell shares whose significance has diminished.」
The Company continues its policy of reviewing cross-shareholdings once a year and selling shares whose significance has diminished. It held no listed shares as of the end of the fiscal year. - FY2019First statedAnnual report
「With respect to cross-shareholdings, once a year the Board of Directors conducts a specific review, in light of the purpose of each holding, of whether its medium- to long-term economic rationale and holding risk are commensurate with the cost of capital. After considering the views of outside directors, the Board decides whether to continue holding the shares and proceeds to sell shares whose significance has diminished.」
With respect to cross-shareholdings, the Company has disclosed an annual Board of Directors review of economic rationale and holding risk, as well as a policy of selling shares whose significance has diminished. The Company did not hold any listed shares at the end of the fiscal year.