Verification of the Rationale for Holding Cross-Shareholdings
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Each fiscal year, we verify at Board of Directors meetings the purpose of holding each policy-held shareholding, the benefits and risks associated with holding it, and other factors including comparison with the cost of capital. Based on the verification as of 31 March 2026, we confirmed that the purpose of holding every policy-held shareholding currently held is consistent with the policy.」
A verification was conducted as of 31 March 2026, confirming that the shares currently held are consistent with the policy. The sale of 1 issue was also reported. - 2026-04-27AdvancedRevisions to earnings forecasts
「Recognition of extraordinary gains from the sale of cross-held shares」
The sale of cross-held shares was cited as resulting in the recognition of extraordinary gains. This disclosure does not address the review of holding rationale or its relationship with the sales policy. - FY2022AdvancedAnnual report
「Each fiscal year, we verify at Board of Directors meetings the purpose of holding each policy-held shareholding, the benefits and risks associated with holding it, and other factors including comparison with the cost of capital. Based on the verification as of 31 March 2022, we confirmed that the purpose of holding every policy-held shareholding currently held is consistent with the policy.」
The Company conducted a verification of its policy-held shares as of 31 March 2022 and confirmed that the shares currently held are consistent with the policy. - FY2020AdvancedAnnual report
「Each fiscal year, we verify at Board of Directors meetings the purpose of holding each policy-held shareholding, the benefits and risks associated with holding it, and other factors including comparison with the cost of capital. Based on the verification as of 31 March 2020, we confirmed that the purpose of holding every policy-held shareholding currently held is consistent with the policy.」
The Company conducted a verification of the rationale for its policy-held shares as of 31 March 2020 and confirmed that all shares currently held are consistent with the policy. - FY2019First statedAnnual report
「At Board of Directors meetings, we individually review and verify the purpose of holding each shareholding, the benefits and risks associated with holding it, and other factors including comparison with the cost of capital.」
The policy states that the Board of Directors will individually verify the purpose, benefits and risks of policy-held shares, including comparison with the cost of capital.