Policy of Generally Not Holding Cross-Shareholdings
First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2025.
OPTiM moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2023: 3 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「As the relevant deadline arrived on 29 January 2025, the company entered into a confirmation agreement with the issuing company dated 30 January 2025, confirming that the term of the above undertaking had ended, that there were no restrictions on the transfer or other disposal of the shares concerned, and that the company's purpose in holding those shares was pure investment, among other matters.」
For the shares of Gurunavi, the company confirmed that the purpose of holding them had changed from business-alliance-based ownership to pure investment following the end of the undertaking period. - FY2024RestatedAnnual report
「From a medium- to long-term perspective, the company may hold shares for the purpose of engaging in collaboration based on business alliances and similar arrangements. It has a policy of continuing to hold shares that provide benefits from ownership, such as enhancing the company's corporate value and contributing to the interests of its shareholders as a result of holding shares in the issuing company.」
The company reaffirmed its policy of continuing to hold cross-shareholdings when they contribute to collaboration or the enhancement of corporate value, while reviewing their benefits and risks at meetings of the Board of Directors. - FY2023ReframedAnnual report
「From a medium- to long-term perspective, the company may hold shares for the purpose of engaging in collaboration based on business alliances and similar arrangements. It has a policy of continuing to hold shares that provide benefits from ownership, such as enhancing the company's corporate value and contributing to the interests of its shareholders as a result of holding shares in the issuing company.」
The explanation changed from the previous policy of generally not holding cross-shareholdings to a policy of holding and continuing to hold them when they contribute to business alliances, collaboration or the enhancement of corporate value. - FY2022RestatedAnnual report
「As a rule, the company does not hold cross-shareholdings. Every year, the Board of Directors deliberates on the medium- to long-term economic rationale and future outlook for major cross-shareholdings, and confirms the purpose and rationale for holding them based on that review.」
The company reaffirmed its policy of generally not holding cross-shareholdings and reviewing the rationale for holding them annually at meetings of the Board of Directors. - FY2021AdvancedAnnual report
「Every year, the Board of Directors deliberates on the medium- to long-term economic rationale and future outlook for major cross-shareholdings, and confirms the purpose and rationale for holding them based on that review.」
In addition to its policy of generally not holding cross-shareholdings, the company described a procedure for reviewing their rationale annually at meetings of the Board of Directors. - FY2019First statedAnnual report
「As a rule, the company does not hold cross-shareholdings. It holds shares when, after comprehensively considering the strengthening of business relationships, business and strategic benefits, the investment required and other disadvantages associated with holding the shares, it determines that doing so will contribute to enhancing corporate value.」
The company stated for the first time its policy of generally not holding cross-shareholdings and making a comprehensive assessment of their contribution to enhancing corporate value.