Annual Review and Reassessment of the Economic Rationale of Strategic Shareholdings
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025RestatedAnnual report
「Each year, the Board of Directors reviews all cross-shareholdings, in accordance with the policy described above, to assess the purpose and rationale for holding them and whether continued ownership is appropriate. If continued ownership is not deemed appropriate, the Group will reassess the holdings.」
The Group conducted an annual review of all cross-shareholdings and continued to hold the shares whose appropriateness was confirmed during the fiscal year. - FY2020AdvancedAnnual report
「During the fiscal year, the Board of Directors also reviewed the purpose and rationale for holding shares at its meeting on 30 August 2019, considering whether business synergies with the investee companies could be expected and whether the returns and risks associated with the holdings were commensurate with the cost of capital. The Group decided to continue holding shares for which the appropriateness of ownership was confirmed. It also sold some holdings because their original purpose or significance had become less relevant.」
The Board of Directors conducted its annual review, continuing to hold shares whose appropriateness was confirmed while selling some holdings whose purpose and other rationale had become less relevant. - FY2019First statedAnnual report
「For individual cross-shareholdings, the Board of Directors reviews their economic rationale and future prospects from a medium- to long-term perspective, taking into account returns and risks, and annually reviews the purpose and rationale for holding them and whether continued ownership is appropriate. If continued ownership is not deemed appropriate, the Group will reassess the holdings.」
The Group states that the Board of Directors annually reviews cross-shareholdings based on returns and risks, the cost of capital, and future prospects, and describes its policy and record of selling some holdings.