Assessment of the Rationale for Strategic Shareholdings and Policy on Continued Holdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026RestatedAnnual report
「For shares held at the end of the fiscal year, the Board of Directors individually verifies business performance, returns from holding the shares, synergies, risks and other factors from the perspectives of medium- to long-term economic rationale and the relationship between the business partner and the Company’s business, in order to confirm the rationale for holding them.」
The Company continues its policy of having the Board of Directors individually verify business performance, returns, synergies, risks and other factors relating to cross-shareholdings. - FY2021AdvancedAnnual report
「The Company individually verifies business performance, returns from holding the shares, synergies, risks and other factors to confirm the rationale for holding them.」
For cross-shareholdings, the Company has specified a procedure under which the Board of Directors individually verifies business performance, returns, synergies, risks and other factors, and also describes the sale of all shares of Neturen Co., Ltd. - FY2020AdvancedAnnual report
「The Head of the Administration Headquarters and the Representative Director and President also confirm the verification results, decide on action for each security, and report the progress and results to the Board of Directors as appropriate.」
In addition to the policy of periodically verifying the rationale for cross-shareholdings, the Company has specified operating procedures involving confirmation by the Head of the Administration Headquarters and the Representative Director and President, action for each security, and reporting to the Board of Directors. - FY2019First statedAnnual report
「The Company’s policy is to hold shares deemed necessary for its business, taking a comprehensive view of building, maintaining and strengthening relationships with business partners and other parties, with the aim of achieving sustainable growth and enhancing corporate value over the medium to long term. The relevant departments, which have direct relationships with the counterparties, periodically verify the rationale for holding the shares, while continuing to measure capital gains and losses and income gains.」
The Company has stated for the first time its policy of holding shares necessary for its business to build, maintain and strengthen relationships with business partners and other parties, with the relevant departments periodically verifying the rationale and continuing to measure capital gains and losses and income gains.