Policy of Not Holding Cross-Shareholdings
First written in FY2019. 2 of 4 entries say "Softened", first in FY2020. Latest entry: FY2025.
HITO-Communications Holdings moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).
1 other company's latest entry also says "Softened".
- FY2025SoftenedAnnual report
「From the perspective of building a robust financial base less susceptible to share price fluctuations and improving capital efficiency, our group has adopted a basic policy of not holding cross-shareholdings. However, if we hold such shares for rational management reasons, the Board of Directors will verify the rationale for holding them annually.」
The basic policy remains in place, but the company holds 3 unlisted stocks with a balance-sheet carrying amount of ¥280 million; the acquisition of ¥50 million through a third-party allotment was also reported for the year. - FY2021RestatedAnnual report
「From the perspective of building a robust financial base less susceptible to share price fluctuations and improving capital efficiency, our group has adopted a basic policy of not holding cross-shareholdings. However, if we hold such shares for rational management reasons, the Board of Directors will verify the rationale for holding them annually.」
The basic policy of not holding cross-shareholdings, the exception for rational reasons and annual Board of Directors review continue. - FY2020SoftenedAnnual report
「However, if we hold such shares for rational management reasons, the Board of Directors will verify the rationale for holding them annually. We will sell cross-shareholdings after considering whether the sale would contribute to improving our group's corporate value over the medium to long term.」
While maintaining the basic policy of not holding cross-shareholdings, an exception was specified for holdings with rational reasons, subject to Board of Directors review; the filing company holds 2 unlisted stocks. - FY2019First statedAnnual report
「From the perspective of building a robust financial base less susceptible to share price fluctuations and improving capital efficiency, our group has adopted a basic policy of not holding cross-shareholdings.」
The basic policy of not holding cross-shareholdings was stated for the first time, citing capital efficiency and a robust financial base.