Review of the Appropriateness of Cross-Shareholdings
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「30 holdings other than unlisted shares, total amount recognized on the balance sheet: ¥11,200 million; following a review of the rationale for holding them, the company sold shares during the fiscal year.」
The company continued its monthly Board of Directors reviews of strategic shareholdings and sold 1 holding. It also disclosed the number of holdings and their carrying amount. - FY2025AdvancedAnnual report
「31 holdings other than unlisted shares, total amount recognized on the balance sheet: ¥7,663 million; holdings whose number of shares decreased during the fiscal year: 4 holdings」
The company continued to review the appropriateness of strategic shareholdings at monthly Board of Directors meetings and sold 4 holdings during the fiscal year. - FY2021AdvancedAnnual report
「Each month, the Board of Directors scrutinizes individual shareholdings and determines whether holding them is appropriate based on whether stronger business relationships are expected to generate earnings and whether holding the shares provides medium- to long-term earnings opportunities.」
The company specified the practice of having the monthly Board of Directors meeting individually review strategic shareholdings for earnings opportunities and the appropriateness of retaining them. - FY2020First statedAnnual report
「The Board of Directors scrutinizes each strategic shareholding in detail, including its purpose and the benefits and risks associated with holding it, and verifies whether retaining it is appropriate.」
For the first time, the company identified as a specific theme the practice of having the Board of Directors individually review the purpose, benefits and risks of strategic shareholdings.