Verification of Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022.
- FY2022RestatedAnnual report
「As a result, we will consider selling holdings deemed to lack a rationale for continued ownership. The target limit for cross-shareholdings is no more than 20% of net assets.」
Regarding cross-shareholdings, it reconfirms the review of the rationale for holding them, consideration of selling holdings that lack such rationale, and a holding limit of no more than 20% of net assets. - FY2021AdvancedAnnual report
「For issues deemed no longer rational to hold going forward, the company will consider selling them. The company aims to limit cross-shareholdings to no more than 20% of net assets.」
Regarding cross-shareholdings, it states specific criteria for considering the sale of holdings deemed to lack a rationale for continued ownership, in addition to setting a holding limit of no more than 20% of net assets. - FY2020First statedAnnual report
「The company holds shares only when it determines that there is a high degree of rationality in doing so, such as maintaining and strengthening stable, long-term business relationships with customers and business partners or contributing to the improvement of the company's medium- to long-term corporate value. The shares held are reported to the Board of Directors regularly, and the appropriateness of continuing to hold each individual issue is reviewed comprehensively, taking into account the maintenance and strengthening of business relationships and the medium- to long-term benefits of holding the shares.」
For cross-shareholdings, the company has for the first time organized a policy of limiting the purpose of ownership, reporting regularly to the Board of Directors and reviewing the appropriateness of holding each individual issue.