Reviewing the Rationale for and Revising Cross-Shareholdings
First written in FY2019. 4 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Stocks other than unlisted shares, 2, 1,740, to maintain and strengthen business relationships and enhance corporate value over the medium to long term by acquiring shares through the business partners’ stock ownership association.」
For cross-held shares, the company reports an increase in holdings of 2 stocks, costing ¥1.740 million, through acquisitions via the business partners’ stock ownership association. It continues to conduct annual rationale reviews. - FY2024AdvancedAnnual report
「Stocks whose number of shares increased during the fiscal year: stocks other than unlisted shares, 1, 60,651, to expand the CMR business」
The company reports an increase in the number of shares held in 1 listed cross-held stock through an acquisition costing ¥60.651 million, for the purpose of expanding the CMR business. Under its policy of verifying and reviewing the rationale for cross-held shares, the company has added a holding related to business expansion. - FY2023RestatedAnnual report
「For the current fiscal year, the head of the Administration Headquarters verified whether the holdings were appropriate using the end of July 2022 as the reference date, and reported the results to the Board of Directors at its meeting held in September 2022. The company determined that all of the cross-held shares listed below had a valid purpose for being held.」
The company conducts an annual review of its cross-held shares and determined that all holdings had a valid purpose for the current fiscal year as well. - FY2022RestatedAnnual report
「For the current fiscal year, the head of the Administration Headquarters verified whether the holdings were appropriate using the end of July 2021 as the reference date, and reported the results to the Board of Directors at its meeting held in September 2021. The company determined that all of the cross-held shares listed below had a valid purpose for being held.」
The company conducts an annual review of its cross-held shares and determined that all holdings had a valid purpose for the current fiscal year as well. - FY2021RestatedAnnual report
「For the current fiscal year, the head of the Administration Headquarters verified whether the holdings were appropriate using the end of July 2020 as the reference date, and reported the results to the Board of Directors at its meeting held in August 2020. The company determined that all of the cross-held shares listed below had a valid purpose for being held.」
The company conducts an annual review of its cross-held shares and determined that all holdings had a valid purpose for the current fiscal year as well. - FY2020RestatedAnnual report
「For the current fiscal year, the director overseeing the administration division verified whether the holdings were appropriate using the end of July 2019 as the reference date, and reported the results to the Board of Directors at its meeting held in September 2019. The company determined that all of the cross-held shares listed below had a valid purpose for being held.」
The company conducted a rationale review of its cross-held shares and determined that all holdings had a valid purpose. It continues to review whether to retain the holdings and the number of shares held. - FY2019First statedAnnual report
「The company’s policy is to hold shares deemed necessary for policy purposes when it determines that doing so will help maintain and strengthen business relationships, maintain relationships with local communities, and enhance corporate value over the medium to long term. To assess the rationale for its holdings, the director overseeing the administration division verifies whether each holding is appropriate under the holding policy. For shares deemed to have no holding benefit, the company refers the matter to the Board of Directors and reviews whether to continue holding them and the number of shares held.」
For cross-held shares, the company has stated for the first time that the purpose of holding them is to maintain business and local-community relationships and enhance corporate value, and that it will verify the rationale for the holdings and review whether to continue holding them and the number of shares held. The verification was conducted using the end of November 2018 as the reference date.