Reducing cross-held shares and reviewing the rationale for holdings
First written in FY2021. 5 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Based on the policy described above, we have sold 85% of all issues held when the policy was established in November 2015.」
The proportion of cross-shareholdings sold increased from 79% to 85% of the issues held in November 2015, and holdings of 11 listed issues were reduced during the current fiscal year. - FY2025AdvancedAnnual report
「Based on the policy described above, we have sold 79% of all issues held when the policy was established in November 2015.」
Reported the sale of 79% of the cross-shareholdings held in 2015 and reduced holdings by 6 issues during the current fiscal year. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 November 2023, we conducted a detailed review of each cross-shareholding, including whether the purpose of holding it was appropriate and whether the benefits of holding it, including transaction-related profits, dividends and other benefits that are difficult to quantify, and the associated risks were commensurate with the cost of capital, and comprehensively verified whether the holdings should be retained.」
Sold 5 listed cross-shareholdings during the current fiscal year and continued to compare and verify each holding against the cost of capital. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2022, we conducted a detailed review of each cross-shareholding, including whether the purpose of holding it was appropriate and whether the benefits and risks associated with holding it were commensurate with the cost of capital, and comprehensively verified whether the holdings should be retained.」
Reviewed cross-shareholdings individually, reduced holdings by 9 issues during the current fiscal year, including unlisted issues, and continued to verify the rationale for holding them and reduce the portfolio. - FY2022AdvancedAnnual report
「During the current fiscal year, the number of shares held decreased for 2 unlisted issues and 6 issues other than unlisted shares.」
Sold 8 cross-shareholdings during the current fiscal year, including 6 listed issues, and continued to reduce the portfolio. - FY2021First statedAnnual report
「Under the ENEOS Group Basic Policy on Corporate Governance, we have adopted a policy of not holding shares in listed companies in principle.」
Disclosed the policy of not holding listed shares in principle, regular reviews of the benefits and risks of holdings against the cost of capital, and progress in reducing holdings.