Reviewing the Appropriateness and Reducing Cross-shareholdings
First written in FY2020. 1 of 4 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「For these cross-shareholdings, the Board of Directors reviews whether continued ownership is appropriate on a comprehensive basis, considering qualitative factors such as the purpose of holding each issue, as well as medium- to long-term economic rationale and future prospects based on related earnings, dividends received, returns, risks and other factors. As a result, we are reducing holdings that are deemed to have no ownership rationale.」
For cross-shareholdings, the company has reconfirmed its policy of reviewing their economic rationale and future prospects at Board of Directors meetings and reducing holdings deemed to have no rationale. The company held 3 issues, and the number of shares increased for 2 issues through regular purchases by an employee shareholding association for business partners. - FY2022Holdings maintained; regular purchasesAnnual report
「Shares other than unlisted shares 2 5,056 Regular purchases through an employee shareholding association for business partners」
The company held 3 cross-shareholdings. Although the number of shares increased for 2 holdings during the current period, there were no holdings for which the number of shares decreased. The increases resulted from regular purchases through an employee shareholding association for business partners. - FY2021Reduction in holdingsAnnual report
「Shares other than unlisted shares 3 121,288 Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 1,240」
The company held 3 cross-shareholdings at the end of the current period, and a decrease in the number of shares was reported for 1 holding. The policy of reviewing the appropriateness of holdings at Board of Directors meetings and reducing holdings deemed to have no rationale remains in place. - FY2020First statedAnnual report
「For these cross-shareholdings, the Board of Directors reviews whether continued ownership is appropriate by comprehensively considering their medium- to long-term economic rationale and future prospects, taking into account returns, risks and other factors. As a result, we are reducing holdings that are deemed to have no ownership rationale.」
For cross-shareholdings, the company has, for the first time, explicitly stated its policy of reviewing their economic rationale and future prospects at Board of Directors meetings and reducing holdings deemed to have no rationale.