Review of the rationale for holding cross-shareholdings and maintenance of business relationships
First written in FY2019. 3 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026Increase in shares held through a business-partner employee shareholding associationAnnual report
「Shares whose number increased during the fiscal year Shares other than unlisted shares 2 2 Increase due to the continuation of the business-partner employee shareholding association」
There were no sales of cross-shareholdings, while the number of shares in 2 securities increased due to the continuation of the business-partner employee shareholding association. The policy of reviewing the rationale for holdings and reducing them continues. - FY2025RestatedAnnual report
「Under its policy of promptly reducing holdings that do not align with the purpose for which they are held, the Company’s Board of Directors makes an overall assessment once a year, on a security-by-security basis, of whether each holding should be retained, taking into account qualitative factors such as the purpose of holding the shares as well as quantitative factors such as the benefits and risks of holding them. In addition, the responsible department conducts quarterly reviews based on the purpose of holding the shares, the investment amount, market value, and unrealised gains or losses. If it determines that the significance of a holding does not contribute to enhancing corporate value, the Company sells the shares after obtaining approval from the Board of Directors and taking into account the impact on the market and other factors.」
The Company continues its annual, security-by-security reviews by the Board of Directors, quarterly reviews by the responsible department, and procedures for reducing or selling holdings that have no significance. - FY2024RestatedAnnual report
「Under its policy of promptly reducing holdings that do not align with the purpose for which they are held, the Company’s Board of Directors makes an overall assessment once a year, on a security-by-security basis, of whether each holding should be retained, taking into account qualitative factors such as the purpose of holding the shares as well as quantitative factors such as the benefits and risks of holding them. In addition, the responsible department conducts quarterly reviews based on the purpose of holding the shares, the investment amount, market value, and unrealised gains or losses. If it determines that the significance of a holding does not contribute to enhancing corporate value, the Company sells the shares after obtaining approval from the Board of Directors and taking into account the impact on the market and other factors.」
The Company continues its annual, security-by-security reviews by the Board of Directors, quarterly reviews by the responsible department, and procedures for reducing or selling holdings that have no significance. - FY2023RestatedAnnual report
「Under its policy of promptly reducing holdings that do not align with the purpose for which they are held, the Company’s Board of Directors makes an overall assessment once a year, on a security-by-security basis, of whether each holding should be retained, taking into account qualitative factors such as the purpose of holding the shares as well as quantitative factors such as the benefits and risks of holding them. In addition, the responsible department conducts quarterly reviews based on the purpose of holding the shares, the investment amount, market value, and unrealised gains or losses. If it determines that the significance of a holding does not contribute to enhancing corporate value, the Company sells the shares after obtaining approval from the Board of Directors and taking into account the impact on the market and other factors.」
The Company continues its annual, security-by-security reviews by the Board of Directors, quarterly reviews by the responsible department, and procedures for reducing or selling holdings that have no significance. - FY2021AdvancedAnnual report
「Under its policy of promptly reducing holdings that do not align with the purpose for which they are held, the Company’s Board of Directors makes an overall assessment once a year, on a security-by-security basis, of whether each holding should be retained, taking into account qualitative factors such as the purpose of holding the shares as well as quantitative factors such as the benefits and risks of holding them. In addition, the responsible department conducts quarterly reviews based on the purpose of holding the shares, the investment amount, market value, and unrealised gains or losses. If it determines that the significance of a holding does not contribute to enhancing corporate value, the Company sells the shares after obtaining approval from the Board of Directors and taking into account the impact on the market and other factors.」
For cross-shareholdings, the Company specified annual, security-by-security reviews by the Board of Directors and quarterly reviews by the responsible department, and detailed the sales procedures to be followed when a holding has no significance. - FY2020Specification of review criteria and approval proceduresAnnual report
「The significance of holding each share is reviewed quarterly, taking into account not only qualitative factors such as the purpose of holding the shares but also quantitative factors such as the benefits and risks of holding them. The need to newly acquire, increase holdings of, or sell securities, including cross-shareholdings, is subject to approval by the Board of Directors after reviewing the significance of the cross-shareholdings.」
For cross-shareholdings, the procedures were clarified to require consideration of quantitative factors such as benefits and risks in addition to quarterly reviews, with new acquisitions, increases in holdings, and sales subject to Board approval. - FY2019First statedAnnual report
「In reviewing its cross-shareholdings, the Company makes a comprehensive assessment each quarter of factors including market value, the purpose of holding the shares, and medium- to long-term relationships with business partners, and reviews its holding policy.」
For cross-shareholdings, the Company’s practice of reviewing market value, the purpose of holding the shares, and medium- to long-term relationships with business partners each quarter, and reviewing its holding policy, was stated for the first time.