Review and Reduction Policy for Cross-Shareholdings Held for Business Strategy and Financial Transactions
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Number of issues 2 Total sale proceeds related to the decrease in the number of shares (¥ thousands) 138,716」
During the fiscal year, the company sold shares in 2 issues of policy-held shares, for total sale proceeds of ¥138.716 million. The disclosure records specific results in line with the policy of disposing of or reducing shares whose significance as holdings has diminished. - FY2023RestatedAnnual report
「For investment shares held for purposes other than pure investment, the Board of Directors conducts a thorough review once a year from a medium- to long-term perspective, taking into account returns, risks, and other factors, to build stable collaborative relationships and collect information. The Board determines whether continued ownership is appropriate, including whether the shares should continue to be held. The Company also has a policy of disposing of or reducing its holdings as promptly as possible when the significance of holding shares has diminished due to changes in the business environment or other factors.」
The company continues to verify its policy-held shares annually at Board of Directors meetings and to dispose of or reduce holdings whose significance has diminished. - FY2021First statedAnnual report
「For investment shares held for purposes other than pure investment, the Board of Directors conducts a thorough review once a year from a medium- to long-term perspective, taking into account returns, risks, and other factors, to build stable collaborative relationships and collect information. The Board determines whether continued ownership is appropriate, including whether the shares should continue to be held. The Company also has a policy of disposing of or reducing its holdings as promptly as possible when the significance of holding shares has diminished due to changes in the business environment or other factors.」
For cross-shareholdings, the Company has clarified for the first time its policy of confirming their purposes, including collaboration and information gathering, conducting an annual review by the Board of Directors, and disposing of or reducing holdings when their significance diminishes.