Policy Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2023Partial sale of cross-shareholdings and review of holding rationaleAnnual report
「For each individual stock holding, the company verifies whether continued ownership is appropriate by comprehensively considering the purpose of holding it, including its contribution to maintaining and strengthening medium- to long-term business relationships, such as order history; its economic rationale, including dividend yield and valuation gains or losses; and the extent of its impact on the company's balance sheet and income statement.」
For cross-shareholdings, the company conducts reviews using order history, economic rationale and the impact on the financial statements, and also reports the sale of 1 stock holding during the fiscal year. - FY2022RestatedAnnual report
「The Company holds shares in companies it considers necessary to maintain and strengthen business relationships with counterparties from a medium- to long-term perspective. Such holdings are limited to important business partners, are generally held for the long term and are reviewed annually.」
The company has reaffirmed its policy of holding cross-shareholdings limited to important business partners for the long term and reviewing them annually, as well as the Board of Directors' review of whether the holdings remain appropriate. - FY2021RestatedAnnual report
「The Company holds shares in companies it considers necessary to maintain and strengthen business relationships with counterparties from a medium- to long-term perspective. Such holdings are limited to important business partners, are generally held for the long term and are reviewed annually.」
The company has reaffirmed its policy of holding cross-shareholdings limited to important business partners for the long term and reviewing them annually. - FY2020First statedAnnual report
「The Company holds shares in companies it considers necessary to maintain and strengthen business relationships with counterparties from a medium- to long-term perspective. Such holdings are limited to important business partners, are generally held for the long term and are reviewed annually.」
The Company first disclosed its policy of limiting cross-shareholdings to important business partners, holding them long term and reviewing them annually.