Verification of the Rationale for Strategic Shareholdings and Policy for Disposal or Reduction
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「For individual issues, the Board of Directors comprehensively verifies their economic rationality, including the purpose of ownership, holding risks, and cost of capital, while considering factors such as business relationships, and determines whether continued ownership is rational in accordance with this policy. For cross-shareholdings whose rationale for ownership is considered weak, the company plans to dispose of or reduce them while taking into account factors including the impact on the market.」
The company continues its policy of having the Board of Directors verify the rationality of cross-shareholdings and disposing of or reducing holdings whose rationale is considered weak. - FY2022RestatedAnnual report
「For individual issues, the Board of Directors comprehensively verifies their economic rationality, including the purpose of ownership, holding risks, and cost of capital, while considering factors such as business relationships, and determines whether continued ownership is rational in accordance with this policy. For cross-shareholdings whose rationale for ownership is considered weak, the company plans to dispose of or reduce them while taking into account factors including the impact on the market.」
The company continues its policy of having the Board of Directors verify the economic rationality of cross-shareholdings, including their purpose of ownership, risks, and cost of capital, and disposing of or reducing holdings whose rationale is considered weak. - FY2021AdvancedAnnual report
「For individual issues, the Board of Directors comprehensively verifies their economic rationality, including the purpose of ownership, holding risks, and cost of capital, while considering factors such as business relationships, and determines whether continued ownership is rational in accordance with this policy. For cross-shareholdings whose rationale for ownership is considered weak, the company plans to dispose of or reduce them while taking into account factors including the impact on the market.」
The company specified how the Board of Directors verifies the economic rationality of cross-shareholdings, including their purpose of ownership, risks, and cost of capital. - FY2019First statedAnnual report
「The company plans to hold the shares if it determines that they contribute to establishing stable business relationships or maintaining and strengthening business relationships in line with its growth strategy, thereby contributing to the improvement of corporate value over the medium to long term. In light of conditions at the end of the most recent fiscal year, the company plans to dispose of or reduce holdings of cross-shareholdings whose rationale for ownership is considered weak.」
The company stated a policy of holding cross-shareholdings based on stable business relationships and their contribution to improving corporate value over the medium to long term, while disposing of or reducing holdings whose rationale is considered weak.