Policy of Generally Not Holding Strategic Shareholdings and Reviewing the Rationale for Any Holdings
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2024.
- FY2024RestatedAnnual report
「Following a review at a Board meeting held in April 2024, the Company decided to continue holding all 4 issues held as of the end of March 2024. The total carrying amount on the balance sheet at the end of the fiscal year ended March 2024 was ¥16 million.」
Continuing the policy of generally not holding cross-shareholdings and the annual review by the Board of Directors of the rationale for each holding, while continuing to hold 4 issues. The carrying amount was ¥16 million. - FY2023RestatedAnnual report
「Following a review at a Board meeting held in April 2023, the Company decided to continue holding all 4 issues held as of the end of March 2023. The total carrying amount on the balance sheet at the end of the fiscal year ended March 2023 was ¥14 million, equivalent to 0.1% of net assets.」
Continuing the policy of generally not holding cross-shareholdings and the annual review by the Board of Directors of the rationale for each holding, while continuing to hold 4 issues. - FY2021AdvancedAnnual report
「During the fiscal year, the Company disposed of part of its shareholdings. Following a review at a Board meeting held in April 2021, the Company decided to continue holding all 4 issues held as of the end of March 2021. The total carrying amount on the balance sheet at the end of the fiscal year ended March 2021 was ¥12 million, equivalent to 0.1% of net assets.」
Disposed of part of its cross-shareholdings, reducing the number of issues held from 5 to 4 and the carrying amount from ¥14 million to ¥12 million. The remaining 4 issues were retained following the annual review by the Board of Directors. - FY2020AdvancedAnnual report
「The Company conducts an annual review by the Board of Directors of its business results and outlook with each investee company, as well as the investee's financial and operating condition. Taking into account the purpose of each holding and its returns and risks, the Company individually verifies the rationale for continuing to hold each investment. Following a review at a Board meeting held in April 2020, the Company decided to continue holding all 5 issues held as of the end of March 2020. The total carrying amount on the balance sheet at the end of the fiscal year ended March 2020 was ¥14 million, equivalent to 0.2% of net assets.」
Disclosed that the Company conducts an annual individual review by the Board of Directors of its cross-shareholdings and decided to continue holding 5 issues. The carrying amount declined from ¥21 million to ¥14 million. - FY2019First statedAnnual report
「As a general policy, the Company does not hold cross-shareholdings, except where holding shares in business partners is considered effective as a means of maintaining or strengthening business relationships, or necessary for other policy-related reasons. The Board of Directors individually verifies the rationale for continuing to hold each shareholding annually, taking into account its purpose and cost.」
Recorded for the first time as a topic the policy of generally not holding cross-shareholdings and the annual individual verification by the Board of Directors of the rationale for each holding. As of the end of March 2019, the Company held 5 issues with a carrying amount of ¥21 million, equivalent to 0.2% of total assets.