Annual Review of the Rationale for Strategic Shareholdings
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Each year, the Company’s Board of Directors comprehensively considers the risks of individual cross-shareholdings, their economic rationale, and the benefits of holding them, including the maintenance and strengthening of business relationships, and verifies the rationale for holding them from a medium- to long-term perspective. This review was conducted at the Board meeting held on 12 February 2026.」
An annual review was conducted on 12 February 2026, and 7 listed shares were sold. In addition, the holding purpose of 2 holdings was changed to pure investment. - FY2024AdvancedAnnual report
「Each year, the Company’s Board of Directors comprehensively considers the risks of individual cross-shareholdings, their economic rationale, and the benefits of holding them, including the maintenance and strengthening of business relationships, and verifies the rationale for holding them from a medium- to long-term perspective. This review was conducted at the Board meeting held on 7 June 2024.」
An annual review was conducted on 7 June 2024, and 5 listed shares were sold during the fiscal year. The policy of selling shares as appropriate when their continued holding is no longer considered rational was also expressly stated. - FY2022AdvancedAnnual report
「Each year, the Company’s Board of Directors comprehensively considers the risks of individual cross-shareholdings, their economic rationale, and the benefits of holding them, including the maintenance and strengthening of business relationships, and verifies the rationale for holding them from a medium- to long-term perspective. This review was conducted at the Board meeting held on 3 June 2022.」
An annual review was conducted on 3 June 2022, and 5 listed shares were sold during the fiscal year. It was confirmed that the cross-shareholdings currently held are held for purposes consistent with the holding policy. - FY2021AdvancedAnnual report
「Every year, the Board of Directors comprehensively considers the risks, economic rationale and benefits of holding each cross-held share, including the maintenance and strengthening of business relationships, and verifies the rationale for continuing to hold it from a medium- to long-term perspective. The review was conducted at a meeting of the Board of Directors held on 4 June 2021.」
An annual review was conducted on 4 June 2021, and 3 listed shares were sold during the fiscal year. It was confirmed that all cross-shareholdings currently held are held for purposes consistent with the holding policy. - FY2020AdvancedAnnual report
「Every year, the Board of Directors comprehensively considers the risks, economic rationale and benefits of holding each cross-held share, including the maintenance and strengthening of business relationships, and verifies the rationale for continuing to hold it from a medium- to long-term perspective. During the fiscal year, the company sold shares it held.」
The company conducted its annual review of the rationale for cross-held shares and sold 6 issues. It confirmed that the shares currently held are held for purposes consistent with its holding policy. - FY2019First statedAnnual report
「Every year, the Board of Directors comprehensively considers the risks, economic rationale and benefits of holding each cross-held share, including the maintenance and strengthening of business relationships, and verifies the rationale for continuing to hold it from a medium- to long-term perspective.」
The company first explicitly stated its policy of having the Board of Directors annually review the risks, economic rationale and business relationship benefits of cross-held shares.