Rationale Review for Strategic Shareholdings
First written in FY2019. 6 of 7 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized. Reasonableness is determined by reviewing the profitability of the holdings, examining whether the benefits and risks associated with holding them are commensurate with the cost of capital, and considering the purpose of the holdings, including maintaining and strengthening business relationships. Voting rights are exercised based on a comprehensive assessment of whether the exercise is consistent with the purpose of the holdings and contributes to improving the corporate value of the issuing company. The Board of Directors also regularly verifies the reasonableness of cross-shareholdings.」
The explanation that the basic policy on cross-shareholdings includes profitability, comparison with the cost of capital, business relationships, exercise of voting rights and regular review by the Board of Directors continues. - FY2024RestatedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized. Reasonableness is determined by reviewing the profitability of the holdings, examining whether the benefits and risks associated with holding them are commensurate with the cost of capital, and considering the purpose of the holdings, including maintaining and strengthening business relationships. Voting rights are exercised based on a comprehensive assessment of whether the exercise is consistent with the purpose of the holdings and contributes to improving the corporate value of the issuing company. The Board of Directors also regularly verifies the reasonableness of cross-shareholdings.」
The explanation that the basic policy on cross-shareholdings includes profitability, comparison with the cost of capital, business relationships, exercise of voting rights and regular review by the Board of Directors continues. - FY2023RestatedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized. Reasonableness is determined by reviewing the profitability of the holdings, examining whether the benefits and risks associated with holding them are commensurate with the cost of capital, and considering the purpose of the holdings, including maintaining and strengthening business relationships. Voting rights are exercised based on a comprehensive assessment of whether the exercise is consistent with the purpose of the holdings and contributes to improving the corporate value of the issuing company. The Board of Directors also regularly verifies the reasonableness of cross-shareholdings.」
The explanation that the basic policy on cross-shareholdings includes profitability, comparison with the cost of capital, business relationships, exercise of voting rights and regular review by the Board of Directors continues. - FY2022RestatedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized. Reasonableness is determined by reviewing the profitability of the holdings, examining whether the benefits and risks associated with holding them are commensurate with the cost of capital, and considering the purpose of the holdings, including maintaining and strengthening business relationships. Voting rights are exercised based on a comprehensive assessment of whether the exercise is consistent with the purpose of the holdings and contributes to improving the corporate value of the issuing company. The Board of Directors also regularly verifies the reasonableness of cross-shareholdings.」
The explanation that the basic policy on cross-shareholdings includes profitability, comparison with the cost of capital, business relationships, exercise of voting rights and regular review by the Board of Directors continues. - FY2021RestatedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized. Reasonableness is determined by reviewing the profitability of the holdings, examining whether the benefits and risks associated with holding them are commensurate with the cost of capital, and considering the purpose of the holdings, including maintaining and strengthening business relationships. The Board of Directors also regularly verifies the reasonableness of cross-shareholdings.」
The explanation that the basic policy on cross-shareholdings includes profitability, comparison with the cost of capital, business relationships and regular review by the Board of Directors continues. - FY2020RestatedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized.」
The policy of regularly verifying the reasonableness of cross-shareholdings at Board of Directors meetings, taking profitability, benefits and risks versus the cost of capital, and business relationships into account, remains in place. - FY2019First statedAnnual report
「Our basic policy regarding so-called cross-shareholdings is to hold such shares only where a reasonable rationale for holding them is recognized. Reasonableness is determined by reviewing the profitability of the holdings, examining whether the benefits and risks associated with holding them are commensurate with the cost of capital, and considering the purpose of the holdings, including maintaining and strengthening business relationships. The Board of Directors also regularly verifies the reasonableness of cross-shareholdings.」
The company explicitly states for the first time its basic policy on cross-shareholdings, including profitability, comparison of benefits and risks with the cost of capital, business relationships and regular review by the Board of Directors.