Policy on Cross-Shareholdings and Verification of Their Rationality
First written in FY2019. 3 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026Update on holdings of shares held for pure investment purposesAnnual report
「Investments held for purposes other than pure investment: There are no applicable matters.」
The company continues to have no policy shareholdings and has disclosed its policy of appropriately disposing of 3 listed issues held for pure investment purposes, taking into account their performance, dividends and management policies. - FY2025AdvancedAnnual report
「Investments held for purposes other than pure investment There are no applicable matters.」
The company has no policy shareholdings and has disclosed its policy for holding and disposing of shares in 北國フィナンシャルホールディングス and 福井銀行 after changing their purpose to pure investment. - FY2024AchievedAnnual report
「Investments held for purposes other than pure investment had been held primarily to maintain or strengthen relationships with major financial institutions. In light of recent developments, the company discussed the appropriate approach from a medium- to long-term perspective with the relevant financial institution, 株式会社福井銀行, and during the current fiscal year ended their cross-shareholding as policy shareholdings. The shares concerned have been reclassified as investments held for pure investment purposes.」
The company changed its treatment of shares in 福井銀行, which had been scheduled to change from the following fiscal year in the previous fiscal year, from policy shareholdings to holdings for pure investment purposes during the current fiscal year. There are no applicable strategic investment shares. - FY2023ReframedAnnual report
「During the current fiscal year, 株式会社北國フィナンシャルホールディングス ended its cross-shareholding with 株式会社福井銀行 as a policy shareholding. 株式会社福井銀行 did so in the following fiscal year, and the shares concerned have been reclassified as investments held for pure investment purposes.」
The company stated its policy of changing the purpose of its holdings of shares in 北國フィナンシャルホールディングス during the current fiscal year and shares in 福井銀行 from the following fiscal year to pure investment purposes. - FY2022AdvancedAnnual report
「During the current fiscal year, the matter was deliberated at a meeting of the board of directors held on 23 May 2022.」
For cross-shareholdings, the director in charge verified their rationale and the Board of Directors deliberated on whether to continue holding each individual issue during the current fiscal year. - FY2021AdvancedAnnual report
「During the current fiscal year, the matter was deliberated at a meeting of the board of directors held on 24 May 2021.」
During the current fiscal year, the company conducted a rationale review by the responsible director and deliberated at a board meeting on whether each individual strategic shareholding should be held. - FY2020RestatedAnnual report
「The director responsible coordinates with major financial institutions to review the holding policy and the rationale for investment shares held for purposes other than pure investment. The board of directors considers the company's management position in assessing their rationale and makes the final decision on whether it is appropriate to hold each individual issue.」
For strategic shareholdings held to maintain and strengthen relationships with major financial institutions, the responsible director continues to review their rationale and the board of directors continues to decide whether each individual issue should be held. - FY2019First statedAnnual report
「For investment shares held for purposes other than pure investment, the director responsible coordinates with major financial institutions to review the holding policy and the rationale for holding them. The board of directors considers the company's management position in assessing their rationale and makes the final decision on whether it is appropriate to hold each individual issue.」
The company has stated a policy under which the responsible director reviews the rationale for shares held to maintain and strengthen relationships with major financial institutions, and the board of directors decides whether each individual issue should be held.