Reviewing cross-shareholdings in light of the cost of capital
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Board carefully examines whether the benefits and risks associated with holding shares in business partners are commensurate with the cost of capital. We will continue to hold such shares as long as we determine that they contribute to strengthening business relationships and, ultimately, the development of our business. However, we review the holdings annually and will sell shares with little significance as appropriate, taking into account share prices and market conditions.」
The company continues its policy of having the Board of Directors scrutinize the consistency of cross-shareholdings with the cost of capital and review them annually. It held 6 issues at the end of the year under review and acquired 2 issues. - FY2025RestatedAnnual report
「The Board carefully examines whether the benefits and risks associated with holding shares in business partners are commensurate with the cost of capital. We will continue to hold such shares as long as we determine that they contribute to strengthening business relationships and, ultimately, the development of our business. However, we review the holdings annually and will sell shares with little significance as appropriate, taking into account share prices and market conditions.」
The company continues its policy of having the Board of Directors scrutinize the consistency of cross-shareholdings with the cost of capital and review them annually. At the end of the fiscal year under review, it held 6 issues and had acquired 2 issues to maintain and strengthen business relationships. - FY2024First statedAnnual report
「The Board carefully examines whether the benefits and risks associated with holding shares in business partners are commensurate with the cost of capital. We will continue to hold such shares as long as we determine that they contribute to strengthening business relationships and, ultimately, the development of our business. However, we review the holdings annually and will sell shares with little significance as appropriate, taking into account share prices and market conditions.」
For cross-shareholdings, the company has for the first time identified as a theme its policy of having the Board of Directors scrutinize the consistency of benefits and risks with the cost of capital and review the holdings annually. During the fiscal year under review, it sold 3 issues other than unlisted shares and acquired 2 issues to maintain and strengthen business relationships.