Holding the Minimum Necessary Cross-Shareholdings and Verifying Their Rationale
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The company limits strategic shareholdings to the minimum necessary and periodically verifies at meetings of the Board of Directors and other bodies, based on the results of examinations of the rationality of the holding purpose from comprehensive perspectives including maintaining and strengthening business relationships and gathering industry information, whether they are necessary to enhance corporate value.」
The company continues its policy of limiting strategic shareholdings to the minimum necessary and verifying at meetings of the Board of Directors and other bodies whether their benefits and risks are commensurate with the cost of capital. - FY2021First statedAnnual report
「The company limits its strategic shareholdings to the minimum necessary and periodically verifies at meetings of the Board of Directors and other bodies whether they are necessary to enhance corporate value, based on the results of examinations of the rationality of the holding purpose from comprehensive perspectives including maintaining and strengthening business relationships and gathering industry information.」
The company has disclosed for the first time an explicit policy of limiting strategic shareholdings to the minimum necessary, verifying at meetings of the Board of Directors and other bodies whether business relationships, dividend income, and the benefits and risks of holdings are commensurate with the cost of capital, and deciding whether to sell holdings when they lack economic rationality.