Management and Reduction of Strategic Shareholdings Based on Business Relationships
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Soft99 Corporation — 2,687,700 All shares held were sold during the fiscal year NISSIN SHOJI CO.,LTD. — 20,000 All shares held were sold during the fiscal year」
All shares held in Soft99 Corporation and NISSIN SHOJI CO.,LTD. as cross-shareholdings were sold. After verifying the significance and rationale of the holdings, the policy of gradually reducing or selling shares whose significance is limited was implemented. - FY2023RestatedAnnual report
「We hold shares in companies that contribute to maintaining and strengthening sound business relationships and developing our business, after also confirming their soundness. For cross-shareholdings whose significance has diminished, our policy is to gradually reduce or sell them as appropriate, taking the circumstances of the relevant company into account and monitoring share prices and market conditions. The Board of Directors periodically reviews the purpose and rationale for such holdings and verifies the appropriateness of continuing to hold them, as well as their risks and returns.」
The company has reaffirmed its policy of having the Board of Directors verify the rationale, risks and returns of cross-shareholdings held for business relationships, and gradually reducing or selling holdings whose significance is limited. At the fiscal year-end, it held 2 stocks, and the number of shares in 1 stock increased through an employee stock ownership association of a business partner. - FY2022RestatedAnnual report
「For cross-shareholdings whose significance has diminished, our policy is to gradually reduce or sell them as appropriate, taking the circumstances of the relevant company into account and monitoring share prices and market conditions. The Board of Directors periodically reviews the purpose and rationale for such holdings and verifies the appropriateness of continuing to hold them, as well as their risks and returns.」
The company has reaffirmed its policy of having the Board of Directors verify the significance, rationale, risks and returns of cross-shareholdings held for business relationships, and gradually reducing or selling holdings whose significance is limited. - FY2021First statedAnnual report
「We hold shares in companies that contribute to maintaining and strengthening sound business relationships and developing our business, after also confirming their soundness. For cross-shareholdings whose significance has diminished, our policy is to gradually reduce or sell them as appropriate, taking the circumstances of the relevant company into account and monitoring share prices and market conditions. The Board of Directors periodically reviews the purpose and rationale for such holdings and verifies the appropriateness of continuing to hold them, as well as their risks and returns.」
The company explicitly stated for the first time its policy of holding shares to maintain and strengthen business relationships, and of gradually reducing or selling cross-shareholdings whose significance has diminished.