Reviewing the rationale for cross-shareholdings held to maintain and strengthen business relationships
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The director in charge reviews at least once a year whether holding individual securities remains rational and whether additional purchases or sales are necessary, from perspectives including whether they are necessary for the company's growth and whether there are other effective uses of funds. The director also continuously monitors the status of transactions with the investee companies and their financial condition and operating results, and consults the Board of Directors as necessary.」
The company continues its policy of reviewing cross-shareholdings at least once a year based on the need for growth, use of funds, and transaction and financial conditions. - FY2024RestatedAnnual report
「The director in charge reviews at least once a year whether holding individual securities remains rational and whether additional purchases or sales are necessary, from perspectives including whether they are necessary for the company's growth and whether there are other effective uses of funds. The director also continuously monitors the status of transactions with the investee companies and their financial condition and operating results, and consults the Board of Directors as necessary.」
The company continues its policy of reviewing the rationale for cross-shareholdings at least once a year based on the need for growth, use of funds, and transaction and financial conditions. - FY2022RestatedAnnual report
「The director in charge reviews at least once a year whether holding individual securities remains rational and whether additional purchases or sales are necessary, from perspectives including whether they are necessary for the company's growth and whether there are other effective uses of funds. The director also continuously monitors the status of transactions with the investee companies and their financial condition and operating results, and consults the Board of Directors as necessary.」
The company continues its policy of having the director in charge review cross-shareholdings at least once a year based on the need for growth, use of funds, and transaction and financial conditions. - FY2019First statedAnnual report
「Our basic policy is to hold shares for purposes other than investment only to the extent that conditions such as the rationale for maintaining and strengthening business relationships and ensuring stable shareholdings are met.」
For cross-shareholdings, the company disclosed for the first time a policy under which the director in charge verifies their rationale based on the need for growth and comparisons with other uses of funds, with maintaining and strengthening business relationships among the purposes of ownership.