Reviewing the rationale for cross-shareholdings and the policy of reducing them
First written in FY2020. 3 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「If the Company determines that the holdings are not appropriate, it will reduce them by selling the shares or by other means.」
For shares held for policy purposes, the Company continues its policy of verifying the benefits and risks against the cost of capital and other factors, and reducing the holdings through sales or other means if they are not considered appropriate. - FY2021RestatedAnnual report
「From a medium- to long-term perspective, the Company verifies whether its purpose for holding shares is appropriate and whether the benefits and risks associated with holding them are commensurate with its cost of capital and other factors. Based on the results of this verification, its basic policy is to hold shares for policy purposes. If it determines that the holdings are not appropriate, it will reduce them by selling the shares or by other means.」
The Company continues its policy of verifying the rationale for policy shareholdings and reducing them through sales or other means if they are not considered appropriate. - FY2021-Q1RestatedAnnual report
「There have been no material changes in the issues that our group needs to address during the cumulative first quarter of the current consolidated fiscal year.」
The Company states that there have been no material changes to the issues to be addressed, indicating that the previous policies, including verifying the rationale for policy shareholdings and reducing them, remain unchanged. - FY2020First statedAnnual report
「From a medium- to long-term perspective, the Company verifies whether its purpose for holding shares is appropriate and whether the benefits and risks associated with holding them are commensurate with its cost of capital and other factors. Based on the results of this verification, its basic policy is to hold shares for policy purposes. If it determines that the holdings are not appropriate, it will reduce them by selling the shares or by other means.」
For shares held for policy purposes, the Company has, for the first time, separately stated its policy of verifying the purpose of the holdings and whether the benefits and risks are consistent with the cost of capital, and reducing the holdings through sales or other means if they are not considered appropriate.