Annual Review of Strategic Shareholdings and Consideration of Sales
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2021.
- FY2021RestatedAnnual report
「We limit our cross-held shares to the minimum necessary and periodically verify the rationality of their purpose based on a comprehensive assessment, including maintaining and strengthening business relationships and collecting industry information, and determine whether they are necessary to enhance our corporate value.」
The company continues to maintain its policy of limiting cross-held shares to the minimum necessary, periodically reviewing their rationality, and having the Board of Directors decide on sales. The number of holdings in the current fiscal year was 8. - FY2020RestatedAnnual report
「In reviewing whether holdings should be retained, we scrutinize the benefits and risks associated with holding them. If we determine that retaining them lacks economic rationality, the Board of Directors will resolve whether to sell them or take other action.」
The company continues to maintain its policy of limiting cross-held shares to the minimum necessary, periodically reviewing their rationality, and making decisions on sales. - FY2019First statedAnnual report
「At present, there are no shares subject to sale, but we will continue to evaluate and review each holding annually and consider selling shares, or taking other action, if we determine that the rationale for holding them is not necessarily sufficient.」
The company newly discloses a policy of evaluating and reviewing each cross-held shareholding annually while confirming its necessity in light of business relationships, and considering the sale of holdings whose rationale is insufficient.