Quantitative assessment of the rationale for holding investment shares
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「At meetings of the Investment Committee or the Board of Directors, the Company quantitatively evaluates whether the returns and risks are commensurate with its weighted average cost of capital and discusses continuing to hold the shares. If no quantitative rationale for holding them is recognised, it also evaluates whether there are qualitative reasons supporting the rationality of continuing to hold them.」
The Company reaffirmed its quantitative assessment based on its weighted average cost of capital and its verification of the qualitative rationale for continuing to hold cross-shareholdings. - FY2021First statedAnnual report
「At meetings of the Investment Committee or the Board of Directors, the Company quantitatively evaluates whether the returns and risks are commensurate with its weighted average cost of capital and discusses continuing to hold the shares. If no quantitative rationale for holding them is recognised, it also evaluates whether there are qualitative reasons supporting the rationality of continuing to hold them.」
For cross-shareholdings, the Company has outlined procedures for quantitatively assessing returns and risks against its weighted average cost of capital and verifying the rationale for continued ownership, including qualitative considerations.