Review of the Rationale for Strategic Shareholdings and Decisions on Sales
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Following consideration by the Board of Directors and other bodies of the significance of holding the shares, the Company sold them.」
The Company sold 3 cross-held equity investments: Resona Holdings, Inc., Dai-ichi Life Holdings, Inc. and Sumitomo Mitsui Financial Group, Inc. - FY2025RestatedAnnual report
「For each individual cross-held equity investment, the Company conducts an annual comprehensive review of the investment's medium- to long-term economic rationale and future outlook, the associated risks and returns, and the significance of holding it in its business strategy, including business relationships and business alliances, and determines whether to continue holding it.」
The Company continues its policy of reviewing cross-held equity investments annually and determining whether to continue holding or sell them. During the fiscal year, there were no investments in which the number of shares changed. - FY2022AdvancedAnnual report
「If holding an investment is deemed unjustified, the Company will proceed with its sale while obtaining the understanding of the relevant investee. Even where holding an investment is deemed justified, the Company may sell it after taking into account market conditions and its management and financial strategies.」
The Company continued its policy of reviewing cross-held equity investments annually, and during the fiscal year sold 2 investments other than unlisted equity investments. - FY2020AdvancedAnnual report
「Following consideration by the Board of Directors and other bodies of the significance of holding the shares, the Company sold them.」
Following consideration by the Board of Directors and other bodies of the significance of holding cross-held equity investments, the Company sold 3 unlisted and 6 listed equity investments. - FY2019First statedAnnual report
「For each individual cross-held equity investment, the Company conducts an annual comprehensive review of the investment's medium- to long-term economic rationale and future outlook, the associated risks and returns, and the significance of holding it in its business strategy, including business relationships and business alliances, and determines whether to continue holding it.」
It has disclosed for the first time a policy of limiting cross-held equity investments and annually reviewing their economic rationale, risks, returns and significance to business strategy to determine whether to continue holding or sell them.