Holding and Reviewing the Rationale for Cross-Shareholdings
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In May 2024, the company established a policy to reduce cross-shareholdings by the equivalent of 30% from the level at 31 March 2024 within the next 5 years. During the fiscal year under review, all shares in 1 issue and part of the shares in 4 issues were sold, bringing progress against the reduction policy to 56.0%.」
The company set a policy to reduce cross-shareholdings by the equivalent of 30% within the next 5 years, and reached 56.0% progress through the sale of all shares in 1 issue and part of the shares in 4 issues. - FY2022RestatedAnnual report
「For the fiscal year under review, a review was conducted at the Board of Directors meeting held in December 2021. During the fiscal year under review, part of the holdings in 1 issue was sold.」
The company reported the Board of Directors' qualitative and quantitative review of cross-shareholdings and the sale of part of the holdings in 1 issue as results for the fiscal year. - FY2021AdvancedAnnual report
「For the fiscal year under review, a review was conducted at the Board of Directors meeting held in January 2021. During the fiscal year under review, part of the holdings in 1 issue was sold.」
The Board of Directors conducted quantitative and qualitative reviews of cross-shareholdings, and part of the holdings in 1 issue was sold. In addition to reviewing the rationale for holding the shares, the company demonstrated progress in reducing them. - FY2019First statedAnnual report
「The company will hold shares held for purposes other than pure investment only where it determines that doing so will contribute to enhancing the corporate value of the Group.」
The company disclosed, for the first time as a separate topic, its policy of generally not holding shares for pure investment purposes and having the Board of Directors review whether to hold cross-shareholdings based on business strategy, business relationships, benefits and risks, and other considerations. In the current fiscal year, it determined that holding all issues was appropriate.