Periodic review of the rationale for holding cross-shareholdings
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「株式会社ウィザス — 1,500 The shares had been held to obtain information on industry trends and other matters in the learning-school business, but all shares held in the company were sold during the current fiscal year.」
The company sold all shares of 株式会社ウィザス held as a policy-held equity investment. It disclosed the disposal of a specific holding based on its policy of reviewing the rationale for continued ownership. - FY2020RestatedAnnual report
「For each policy-held equity investment, the company examines whether the purpose of the holding is appropriate and whether the associated benefits and risks are commensurate with the cost of capital, then verifies whether continued ownership is appropriate before the board of directors decides whether to retain it.」
The company reiterates its policy of having the board of directors review policy-held equity investments based on their purpose, benefits and risks, and the cost of capital. - FY2019First statedAnnual report
「For each policy-held equity investment, the board of directors regularly reviews the appropriateness of the holding purpose and whether the benefits and risks associated with the holding are commensurate with the cost of capital, and verifies whether continued ownership is appropriate.」
The company describes for the first time a policy of having the board of directors regularly review policy-held equity investments based on their purpose, benefits and risks, and relationship with the cost of capital.