Holding and Reviewing Strategic Shareholdings Based on Business Relationships
First written in FY2019. 5 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The Board of Directors reviewed the cross-shareholdings based on their benefits and risks, business relationships, cost of capital and other factors, and determined that continued ownership was appropriate. - FY2023RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The Board of Directors reviewed the cross-shareholdings based on their benefits and risks, business relationships, cost of capital and other factors, and determined that continued ownership was appropriate. - FY2022RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The company reviewed its cross-shareholdings based on their benefits and risks, business relationships, cost of capital and other factors, and determined that continued ownership was appropriate. - FY2021RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The Board of Directors reviewed the cross-shareholdings based on their benefits and risks, business relationships, cost of capital and other factors, and determined that continued ownership was appropriate. - FY2020RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The Board of Directors reviewed the cross-shareholdings based on their benefits and risks, business relationships, cost of capital and other factors, and determined that continued ownership was appropriate. - FY2019First statedAnnual report
「We hold cross-shareholdings in certain business partners for the purpose of maintaining and strengthening stable business relationships. As a general policy, however, we do not acquire or hold shares in other companies unless they are required for business purposes. For the cross-shareholdings currently held, the Board of Directors individually conducts a comprehensive review and verification of the benefits and risks of holding them, taking into account the business relationships with the relevant business partners and the cost of capital, and determines whether continued ownership is necessary. Based on the review conducted during the fiscal year, we determined that continued ownership was appropriate, as the holdings were found to provide benefits from the perspective of maintaining and strengthening our overall relationships with the business partners.」
For cross-shareholdings, the company has for the first time stated its principle of limiting holdings to cases that are necessary for business purposes, as well as its policy of individually reviewing them at Board meetings based on their benefits and risks, business relationships and cost of capital.