Reviewing the Rationale for Cross-Shareholdings and a Reduction Policy
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For shares other than unlisted shares, the increase in the number of shares resulted from new acquisitions made to build good and stable relationships or primarily to maintain and strengthen business relationships, including those in the gaming business.」
Regarding cross-shareholdings, the Company maintained its policy of reviewing the rationale for each holding annually, acquired 2 issues and sold 1 issue. - FY2023RestatedAnnual report
「Each year, the Company conducts a specific review of investment shares held for purposes other than individual pure investment purposes and reports to the Board of Directors on whether it is appropriate to continue holding them.」
For cross-shareholdings, the Company continues to maintain its policy of holding them to preserve and strengthen business relationships, conducting an annual review of each holding and reducing holdings if their rationale diminishes. - FY2019First statedAnnual report
「The Company holds shares of counterparties that it has determined will contribute to enhancing corporate value over the medium to long term through the maintenance and strengthening of business relationships, while considering reducing its holdings if the rationale for continuing to hold them diminishes. In addition, the Company conducts a specific review each year of investment shares held for purposes other than individual pure investment purposes and reports to the Board of Directors on whether it is appropriate to continue holding them.」
For cross-shareholdings held to maintain and strengthen business relationships, the Company explicitly states for the first time its policy of conducting an annual review of each holding and reducing holdings if their rationale diminishes.