Management of Strategic Shareholdings to Maintain Business Relationships
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025AdvancedAnnual report
「The company has changed the purpose of holding the shares because there were no circumstances preventing their sale and the holdings were consistent with an investment-only purpose. From the fiscal year ending June 2026 onward, the company will consider continuing to hold or selling the shares while monitoring dividend and share-price levels.」
The company continues its annual quantitative and qualitative review of cross-shareholdings by the Board of Directors and changed the purpose of holding 3 issues to investment-only purposes in the fiscal year ended June 2025. - FY2022AdvancedAnnual report
「Each year, the Board of Directors reviews the company’s cross-shareholdings individually from both quantitative perspectives, such as the status of business transactions and dividend yields, and qualitative perspectives, such as the smooth development of business relationships, and confirms whether there is significance in continuing to hold each issue.」
The company has detailed a process under which the Board of Directors reviews cross-shareholdings each year for each issue from both quantitative and qualitative perspectives. - FY2020AdvancedAnnual report
「For cross-shareholdings whose significance the company considers to have diminished, the Board of Directors verifies the significance of holding each individual cross-shareholding for policy purposes.」
The company specified a process under which the Board of Directors individually reviews the significance of holding cross-shareholdings for policy purposes. The holdings comprise 2 unlisted issues and 4 listed issues. - FY2019First statedAnnual report
「The company holds shares for policy purposes, including maintaining and developing good business relationships with business partners. Decisions on holding or disposing of such shares are made individually after comprehensively considering their consistency with the company’s management policies, economic rationality and other factors.」
The company has newly specified its policy on holding cross-shareholdings to maintain and develop business relationships, as well as its individual review process based on consistency with management policies, economic rationality and the status of business relationships.