Minimum Necessary Cross-Shareholdings and Annual Review
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026Change in the purpose of holding and reduction of cross-shareholdings.Annual report
「If a company whose shares we hold also holds our shares, creating what is commonly referred to as a cross-shareholding, and that company indicates its intention to sell our shares, we will respect that decision.」
While maintaining its policy of holding only the minimum necessary shares and conducting annual reviews, the company has changed the purpose of its holdings in Sumitomo Mitsui Financial Group, Mizuho Financial Group and MS&AD Insurance Group Holdings to pure investment purposes. - FY2023RestatedAnnual report
「The effectiveness of the holdings will continue to be reviewed and reassessed annually by the Board of Directors, and we will maintain only the minimum necessary holdings. Going forward, we will make appropriate decisions on holdings in accordance with this policy.」
The company continues its policy of annual Board of Directors reviews and reassessments of cross-shareholdings and maintaining only the minimum necessary holdings. - FY2021RestatedAnnual report
「The effectiveness of the holdings will continue to be reviewed and reassessed annually by the Board of Directors, and we will maintain only the minimum necessary holdings. Going forward, we will make appropriate decisions on holdings in accordance with this policy.」
The company continues its policy of annual reviews and reassessments by the Board of Directors and maintaining only the minimum necessary cross-shareholdings. - FY2019First statedAnnual report
「We hold cross-shareholdings when we believe that collaboration and information sharing with the investee will contribute to the medium- to long-term interests of our company, the investee and both parties' stakeholders. The effectiveness of these holdings is reviewed and reassessed annually by the Board of Directors, and we maintain only the minimum necessary holdings.」
For cross-shareholdings, the company has explicitly stated for the first time that collaboration and information sharing to generate medium- to long-term benefits are the rationale for holding them, with annual Board of Directors reviews and a policy of maintaining only the minimum necessary holdings.