Cross-Shareholdings and Annual Review of Their Rationale
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「In addition, as a quantitative benefit of holding the shares, the internal rate of return is approximately 12% based on share price appreciation and dividends. Taking these business benefits, the internal rate of return and other factors into comprehensive consideration, the Board of Directors reviewed the rationale for holding the shares at its meeting held on 10 February 2026.」
For policy-held shares, the company conducted its annual review of the rationale for holding them based on their business benefits and an internal rate of return of approximately 12%. - FY2024Decline in the internal rate of return on policy-held sharesAnnual report
「As a quantitative benefit of holding the shares, the internal rate of return is approximately 12% based on share price appreciation and dividends.」
The company conducted its annual review of the rationale for holding its TechMatrix shares, and the internal rate of return declined from the previously reported 13% to approximately 12%. - FY2022Decline in the internal rate of return on policy-held sharesAnnual report
「As a quantitative benefit of holding the shares, the internal rate of return is 13% based on share price appreciation and dividends. Taking these business benefits, the internal rate of return and other factors into comprehensive consideration, the Board of Directors reviewed the rationale for holding the shares at its meeting held on 9 February 2022.」
For its policy-held TechMatrix shares, the company conducted its annual review of the rationale for holding them and reported an internal rate of return of 13%. - FY2021AdvancedAnnual report
「As a quantitative benefit of holding the shares, the internal rate of return is 15% based on share price appreciation and dividends. Taking these business benefits, the internal rate of return and other factors into comprehensive consideration, the Board of Directors reviewed the rationale for holding the shares at its meeting held on 10 February 2021.」
The company conducted its annual review of the rationale for holding policy-held shares and quantitatively confirmed the business benefits and 15% internal rate of return of its TechMatrix shares. - FY2019RestatedAnnual report
「Once a year, the Board of Directors reviews the medium- to long-term economic rationale and future outlook for our major policy-held shares, taking into account their returns and risks.」
The company continues to hold policy-held shares based on their business benefits and review the rationale for holding them once a year at the Board of Directors. - FY2018First statedAnnual report
「We believe that holding shares is useful in fields requiring long-term, stable relationships, as it helps us build sound relationships with an appropriate degree of tension, including a certain check-and-balance effect. We therefore have a policy of holding shares in other companies when establishing such relationships provides benefits to our operating business. Once a year, the Board of Directors reviews the medium- to long-term economic rationale and future outlook for our major policy-held shares, taking into account their returns and risks.」
The company has stated for the first time its policy of holding policy-held shares when they provide operating benefits and reviewing their returns, risks, economic rationale and future outlook once a year at the Board of Directors.