Limiting Strategic Shareholdings and Verifying the Rationale for Holding Them
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The company verifies the significance of each cross-shareholding every fiscal year. Based on the review as of 31 March 2026, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company conducted its review based on 31 March 2026 and confirmed that its current holdings comply with its holding policy. It sold 1 holding other than unlisted shares, bringing the number of holdings to 8. - FY2024AdvancedAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2024, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
The company conducted its annual review based on 31 March 2024 and confirmed that its current holdings comply with its policy. It sold all shares of 1 holding other than unlisted shares. - FY2022AdvancedAnnual report
「Each fiscal year, the company verifies the significance of holding each individual cross-shareholding. Based on the verification as of 31 March 2022, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company conducts an annual review based on 31 March 2022 and has confirmed that its current holdings comply with its holding policy. It has also disclosed the sale of 1 holding other than unlisted shares. - FY2021First statedAnnual report
「The Company limits its holdings of cross-shareholdings to shares whose ownership is rational from the perspective of its management strategy, such as shares in companies with close business relationships, and only where the holdings contribute to the Group’s medium- to long-term enhancement of corporate value after comparing and verifying the benefits, such as transaction volumes and dividends, against share price volatility risk and the cost of capital.」
The company has stated for the first time its policy of limiting cross-shareholdings to shares that contribute to the medium- to long-term enhancement of corporate value, after comparing and verifying the benefits of transactions, share price volatility risk and the cost of capital.