Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors in January 2026, the company began reducing holdings in stocks it determined had insufficient significance to retain.」
Regarding cross-shareholdings, the company began reducing holdings deemed insufficiently significant at a meeting of the Board of Directors in January 2026. Excluding unlisted holdings, the company held 24 stocks and sold 3. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors in January 2024, the company began reducing holdings in stocks it determined had insufficient significance to retain.」
Regarding cross-shareholdings, the company disclosed that it began reducing holdings deemed insufficiently significant at a meeting of the Board of Directors in January 2024. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors in December 2020, the company began reducing holdings in stocks it determined had insufficient significance to retain.」
Regarding cross-shareholdings, the company annually reviews business relationships, annual transaction values, unrealized gains or losses, dividends and the cost of capital, and began reducing holdings deemed insufficiently significant at a meeting of the Board of Directors in December 2020. - FY2020First statedAnnual report
「With regard to those holdings, we conduct an annual review and deliberate the appropriateness of retaining them at meetings of the Board of Directors. The review covers the following items: ・Business relationship with our company ・Annual transaction value ・Unrealized gains or losses ・Dividends ・Cost of capital」
In addition to its policy of limiting holdings of shares in important business partners, the company explicitly states that it annually reviews business relationships, annual transaction values, unrealized gains or losses, dividends and the cost of capital, submits the matter to the Board of Directors for deliberation, and reduces holdings in stocks whose strategic significance is insufficient.