Policy for Holding and Reviewing Cross-Shareholdings
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Sumitomo Riko Company Limited 1,667 1,667 The shares had been held to strengthen and maintain stable business relationships through transactions in industrial chemicals, but all shares had been sold as of the filing date of the securities report.」
Regarding strategic shareholdings, the Company sold all 1,667 Sumitomo Riko shares as of the filing date of the securities report. - FY2024AdvancedAnnual report
「JSR Co., Ltd. — 10,255 shares — Decreased because all shares were sold in response to a tender offer (TOB)」
Regarding strategic shareholdings, the Company sold all 10,255 JSR shares in response to a TOB. The review results also stated that all strategic shareholdings currently held serve purposes consistent with the holding policy. - FY2021AdvancedAnnual report
「The Company will consider selling or otherwise reducing holdings of shares it determines have no valid rationale for continued ownership. Based on a review as of 30 November 2021, the Company confirmed that all strategic shareholdings currently held serve purposes consistent with its holding policy.」
The Company explicitly stated its practice of reviewing the significance of each individual holding and considering its sale or reduction if it has no valid rationale, together with the results of its review as of 30 November 2021. - FY2019First statedAnnual report
「The Company holds investment shares held for purposes other than pure investment only when they are expected to contribute to enhancing corporate value by strengthening business relationships with business partners. For each individual issue, the Company reviews whether the purpose of holding it is appropriate and assesses the benefits and risks associated with holding it before deciding whether to continue holding it.」
The Company first disclosed a policy of holding cross-shareholdings to strengthen relationships with business partners and enhance corporate value, while reviewing the benefits and risks of each holding.