Limited Holdings of Shares for Policy Purposes and Annual Review of Their Rationale
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Holdings with a decrease in the number of shares during the fiscal year: unlisted shares, 1 issue; total acquisition cost associated with the decrease in shares, ¥350 million; reason: sale of shares」
While maintaining a policy of annually reviewing the rationale for cross-shareholdings and disposing of holdings when they lose their strategic significance, the company sold 1 issue of unlisted shares with an acquisition cost of approximately ¥350 million. - FY2021RestatedAnnual report
「We do not intend to hold shares for policy investment purposes, referred to below as cross-shareholdings, except where they have strategic significance, such as strengthening relationships with partners or promoting collaboration, and are judged to contribute to increasing our group's corporate value. If we come to hold cross-shareholdings, the Board of Directors will conduct a detailed annual review of each individual holding, including whether the purpose of holding it is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital, and will assess whether the holding should be retained.」
The company continues to pursue a policy of limiting cross-shareholdings to cases with strategic significance and having the Board of Directors annually assess whether each holding should be retained. - FY2020First statedAnnual report
「We do not intend to hold shares for policy investment purposes, referred to below as cross-shareholdings, except where they have strategic significance, such as strengthening relationships with partners or promoting collaboration, and are judged to contribute to increasing our group's corporate value. If we come to hold cross-shareholdings, the Board of Directors will conduct a detailed annual review of each individual holding, including whether the purpose of holding it is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital, and will assess whether the holding should be retained.」
The company newly disclosed a policy of limiting cross-shareholdings to cases with strategic significance and having the Board of Directors annually assess whether the benefits and risks of each holding are commensurate with its cost of capital.