Review of the Rationale for Holding Strategic Shareholdings and Policy on Sales
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「Based on a review as of the end of the fiscal year, the Company confirmed that all currently held cross-shareholdings continued to have a purpose.」
The Company continues to review cross-shareholdings each fiscal year using cost of capital, ROE of shares held, business progress and other factors, and has confirmed that all shares currently held continue to have a purpose. - FY2021RestatedAnnual report
「Based on a review as of the end of the fiscal year, the Company confirmed that all currently held cross-shareholdings continued to have a purpose.」
The Company continues to review cross-shareholdings each fiscal year using cost of capital, ROE of shares held, business progress and other factors, and has confirmed that all shares currently held continue to have a purpose. - FY2019First statedAnnual report
「Each fiscal year, the Company reviews the purpose of individual cross-shareholdings by comparing its cost of capital with the ROE of the shares held and confirming business progress, among other factors. Based on a comprehensive review by the Board of Directors, the Company will sell cross-shareholdings in a timely and appropriate manner if it determines that the purpose of holding them has diminished.」
For cross-shareholdings, the Company disclosed for the first time its policy of conducting an annual review using cost of capital, ROE of shares held and business progress, and selling shares when the purpose of holding them has diminished. As of the end of the fiscal year, the Company confirmed that all cross-shareholdings held continued to have a purpose.