Reviewing and Reducing Cross-Shareholdings Held for Business Alliances
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026Change in the purpose of holding cross-shareholdings and sale of sharesAnnual report
「The shares had been held to enhance corporate value over the long term through mutual initiatives, but as the significance of holding them as cross-shareholdings had declined, the purpose of holding them was changed to investment purposes.」
The purpose of holding BeeX shares was changed to investment purposes because their significance as cross-shareholdings had declined. The company also disclosed that it sold all Monster Lab shares after changing the purpose of holding them to investment purposes. - FY2025RestatedAnnual report
「With respect to cross-shareholdings, the Board of Directors verifies whether they should be held after comprehensively considering the appropriateness of the purpose of holding them and the benefits and risks associated with holding them. If, in light of future changes in circumstances, the company determines that continued ownership is not appropriate, it will review the holdings, including by reducing them.」
The company reconfirmed its policy of reviewing the purpose, benefits, risks, and economic rationale of cross-shareholdings at Board of Directors meetings and reducing them if they are not deemed appropriate. At the end of FY2025, the company held 4 issues with a total carrying amount on the balance sheet of ¥2,300.843 million. - FY2023RestatedAnnual report
「With respect to cross-shareholdings, the Board of Directors verifies whether they should be held after comprehensively considering the appropriateness of the purpose of holding them and the benefits and risks associated with holding them. If, in light of future changes in circumstances, the company determines that continued ownership is not appropriate, it will review the holdings, including by reducing them.」
The company reconfirmed its policy of reviewing the benefits, risks, and economic rationale of cross-shareholdings held for business alliances and other purposes at Board of Directors meetings, and reducing them if they are not deemed appropriate. - FY2022First statedAnnual report
「With respect to cross-shareholdings, the Board of Directors verifies whether they should be held after comprehensively considering the appropriateness of the purpose of holding them and the benefits and risks associated with holding them. If, in light of future changes in circumstances, the company determines that continued ownership is not appropriate, it will review the holdings, including by reducing them.」
For shareholdings held to promote cooperation based on business alliances and other arrangements, the company disclosed for the first time, as a standalone policy, that the Board of Directors would review the benefits, risks, and purpose of holding them and reduce the holdings if their appropriateness was not recognized.