Continued holding and review of cross-shareholdings held to maintain and develop business relationships
First written in FY2019. 3 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026ReframedAnnual report
「The company reviewed its cross-shareholdings and changed the purpose of holding them from maintaining business relationships. Going forward, it will consider continuing to hold or selling them while monitoring dividends and share price levels.」
For 10 cross-shareholdings, the purpose of holding them changed from maintaining business relationships to pure investment. Going forward, the company has shifted to a framework for considering continued ownership or sale based on dividends and share price levels. - FY2024RestatedAnnual report
「The appropriateness of continuing to hold these shares is reviewed periodically by the Board of Directors and other bodies from such perspectives as whether they are necessary for the company's growth and whether there are other effective uses of the funds. The company’s policy is to continue holding shares for policy purposes when it believes that doing so will enhance its corporate value and benefit shareholders and investors as a result of holding shares in the issuing company.」
The company continues its periodic review of cross-shareholdings held to maintain and strengthen business relationships and its policy on exercising voting rights. No holdings changed in the number of shares during the year. - FY2023RestatedAnnual report
「The shares held by the company for purposes other than pure investment are limited to those where holding shares in business partners enables the company to maintain and strengthen medium- to long-term relationships and contribute to shareholder stability. The appropriateness of continuing to hold these shares is reviewed periodically by the Board of Directors and other bodies from such perspectives as whether they are necessary for the company's growth and whether there are other effective uses of the funds.」
The company continues its periodic review of cross-shareholdings held to maintain and strengthen business relationships and its policy on exercising voting rights. No holdings changed in the number of shares during the year. - FY2022RestatedAnnual report
「The shares held by the company for purposes other than pure investment are limited to those where holding shares in business partners enables the company to maintain and strengthen medium- to long-term relationships and contribute to shareholder stability. The appropriateness of continuing to hold these shares is reviewed periodically by the Board of Directors and other bodies from such perspectives as whether they are necessary for the company's growth and whether there are other effective uses of the funds.」
The company continues its periodic review of cross-shareholdings held to maintain and strengthen business relationships and its policy on exercising voting rights. No holdings changed in the number of shares during the year. - FY2021AdvancedAnnual report
「The appropriateness of continuing to hold these shares is reviewed periodically by the Board of Directors and other bodies from such perspectives as whether they are necessary for the company's growth and whether there are other effective uses of the funds.」
While continuing its policy of periodically reviewing cross-shareholdings and its policy on exercising voting rights, the company sold 1 listed stock during the year, reducing the number of holdings from 16 in the previous year to 15. - FY2020AdvancedAnnual report
「With respect to the exercise of voting rights attached to cross-shareholdings, the company makes a comprehensive assessment of whether the exercise will contribute to the issuing company’s sustainable growth and enhance its corporate value over the medium to long term.」
In addition to its policy of periodically reviewing continued ownership of cross-shareholdings, the company has specified its criteria for exercising voting rights. - FY2019First statedAnnual report
「The shares held by the company for purposes other than pure investment are limited to those where holding shares in business partners enables the company to maintain and strengthen medium- to long-term relationships and contribute to shareholder stability. The appropriateness of continuing to hold these shares is reviewed periodically by the Board of Directors and other bodies from such perspectives as whether they are necessary for the company's growth and whether there are other effective uses of the funds. The company’s policy is to continue holding shares for policy purposes when it believes that doing so will enhance its corporate value and benefit shareholders and investors as a result of holding shares in the issuing company.」
The company has, for the first time as a standalone topic, stated a policy of periodically reviewing whether to continue holding cross-shareholdings held to maintain and strengthen business relationships and ensure shareholder stability, and continuing to hold them where this would contribute to enhancing corporate value.