Review of the Rationale for Cross-Shareholdings and Policy for Selling Holdings with Limited Significance
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「We review the effectiveness of our shareholdings annually at meetings of the Board of Directors. We will continue to hold shares as long as we determine that doing so will strengthen our business relationships and ultimately contribute to the development of our business. However, our basic policy is to sell holdings with limited strategic significance as appropriate, taking share prices and market trends into consideration.」
The filing continues to state the basic policy of reviewing cross-shareholdings annually and selling holdings with limited strategic significance. There was no change in the number of shares held during the fiscal year. - FY2022AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Shares other than unlisted shares: Number of holdings 1; total sale proceeds related to the decrease in shares (¥ thousands): 36,398」
The filing discloses that, under a policy of reviewing the rationale for cross-shareholdings at Board of Directors meetings and selling holdings with limited strategic significance, the company sold 1 holding other than an unlisted shareholding during the fiscal year. - FY2020First statedAnnual report
「We review the effectiveness of our shareholdings annually at meetings of the Board of Directors. We will continue to hold shares as long as we determine that doing so will strengthen our business relationships and ultimately contribute to the development of our business. However, our basic policy is to sell holdings with limited strategic significance as appropriate, taking share prices and market trends into consideration.」
The filing explicitly states for the first time the basic policy of reviewing cross-shareholdings annually at Board of Directors meetings and selling holdings with limited strategic significance.