Managing Cross-Shareholdings Based on Corporate Value and Business Relationships
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
- FY2021RestatedAnnual report
「As a basic policy, we do not hold shares except where there is a recognized purpose in maintaining or enhancing corporate value, maintaining or strengthening intercompany transactions, or maintaining smooth financial relationships. Each year, the Board of Directors assesses whether holdings should be retained by comprehensively considering the benefits and risks of ownership based on the status of the holdings and transactions.」
The Group continues its policy of not holding policy-held shares unless there is a recognized rationale for holding them, and of reviewing their appropriateness annually through the Board of Directors. - FY2020First statedAnnual report
「As a basic policy, we do not hold shares except where there is a recognized purpose in maintaining or enhancing corporate value, maintaining or strengthening intercompany transactions, or maintaining smooth financial relationships. Each year, the Board of Directors assesses whether holdings should be retained by comprehensively considering the benefits and risks of ownership based on the status of the holdings and transactions.」
The disclosure first states a policy of not holding shares for purposes other than those with recognized strategic significance and of reviewing the appropriateness of holdings annually at Board meetings.