Policy of Generally Not Holding Cross-Shareholdings
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2023: 3 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company periodically verifies the rationale for its cross-shareholdings. It holds shares where a rationale is recognized, but sells shares deemed to lack a rationale after considering various business factors, including the impact on the market and the issuer’s financial strategy.」
The company continues its policy of, in principle, not holding cross-shareholdings, periodically verifying the rationale for holdings and deciding whether to sell them. - FY2022RestatedAnnual report
「The company periodically verifies the rationale for its cross-shareholdings. It holds shares where a rationale is recognized, but sells shares deemed to lack a rationale after considering various business factors, including the impact on the market and the issuer’s financial strategy.」
In addition to its policy of, in principle, not holding cross-shareholdings, the company has formalized its operating policy of periodically verifying the rationale for holdings and selling shares that lack a rationale. - FY2020First statedAnnual report
「With respect to cross-shareholdings, the company will, in principle, not hold such shares except where the rationale for holding them is recognized, in order to comply with the standards of conduct required of companies listed on financial instruments exchanges and to maintain its financial soundness.」
The company first stated its policy of, in principle, not holding cross-shareholdings except where there is a rationale for doing so.