Verification of the Rationale for Holding Strategic Shareholdings
First written in FY2019. 4 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company specifically examines the significance of retaining all shares held as strategic shareholdings from the perspective of economic rationality, including whether the benefits and risks associated with holding them are commensurate with the cost of capital, as well as from the perspective of strengthening business relationships and other considerations, and verifies whether continued ownership is appropriate. In addition, following its review of the appropriateness of its strategic shareholdings at a Board of Directors meeting held on 21 May 2026, the Company confirmed that all of its shareholdings were appropriate to retain.」
The Company reconfirmed that it had reviewed the alignment of the benefits and risks of strategic shareholdings with the cost of capital and other considerations, and confirmed the appropriateness of all holdings. - FY2024RestatedAnnual report
「The Company specifically examines the significance of retaining all shares held as strategic shareholdings from the perspective of economic rationality, including whether the benefits and risks associated with holding them are commensurate with the cost of capital, as well as from the perspective of strengthening business relationships and other considerations, and verifies whether continued ownership is appropriate. In addition, following its review of the appropriateness of its strategic shareholdings at a Board of Directors meeting held on 21 May 2024, the Company confirmed that all of its shareholdings were appropriate to retain.」
The Company reviewed the alignment of the benefits and risks of strategic shareholdings with the cost of capital and other considerations, and confirmed the appropriateness of all holdings. - FY2022RestatedAnnual report
「In addition, following its review of the appropriateness of its strategic shareholdings at a Board of Directors meeting held on 20 May 2022, the Company confirmed that all of its shareholdings were appropriate to retain.」
Reiterates that the Company reviewed the alignment of the benefits and risks of strategic shareholdings with the cost of capital and confirmed the appropriateness of all holdings. - FY2020RestatedAnnual report
「The Company specifically examines whether the benefits and risks associated with holding shares as strategic shareholdings are commensurate with the cost of capital, among other matters, and verifies whether continued ownership is appropriate. In addition, following its review of the appropriateness of its strategic shareholdings at a Board of Directors meeting held on 20 May 2019, the Company confirmed that all of its shareholdings were appropriate to retain.」
Reiterates that the Company examined the alignment of the benefits and risks of strategic shareholdings with the cost of capital and confirmed the appropriateness of retaining all holdings at the Board of Directors meeting held on 20 May 2019. - FY2019First statedAnnual report
「We conduct a detailed review of whether the benefits and risks associated with holding shares classified as cross-shareholdings are commensurate with the cost of capital, among other matters, and verify whether continued ownership is appropriate. In addition, following verification of the appropriateness of the cross-shareholdings at a meeting of the Board of Directors held on 20 May 2018, we confirmed that continued ownership was appropriate for all shares held.」
The procedure for reviewing whether the benefits and risks of cross-shareholdings are commensurate with the cost of capital and confirming the appropriateness of all holdings through the Board of Directors is described.