Continued Holding and Review of Strategic Shareholdings for Business and Community Relationships
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company will not hold shares unless they are deemed to contribute to maintaining or enhancing the Group’s corporate value.” “The company considers the economic rationality of each holding using the cost of capital, as well as its usefulness for maintaining and strengthening relationships with business partners and developing the Group’s business activities.」
The company continues its policy of reviewing the appropriateness of cross-shareholdings by considering their contribution to corporate value, the cost of capital, and relationships with business partners. - FY2025ReframedAnnual report
「The company will not hold shares unless they are deemed to contribute to maintaining or enhancing the Group’s corporate value.” “Ming Wang Technology Co., Ltd. … Fiscal year ended March 2025 … The purpose of holding the shares was changed to pure investment.」
While the company states a policy of reviewing cross-shareholdings based on their contribution to corporate value and the cost of capital, it confirmed that a specific holding had no impact on business transactions and changed the purpose of holding it to pure investment. - FY2022RestatedAnnual report
「The company holds cross-shareholdings after comprehensively considering the strengthening of business relationships with business partners and the maintenance of relationships with local communities. It also regularly scrutinizes each cross-shareholding and verifies whether continued ownership is appropriate.」
The company continues its policy of holding cross-shareholdings to maintain relationships with business partners and local communities and regularly reviewing each holding. - FY2020RestatedAnnual report
「Cooperation with various companies is essential for sustainable growth. Accordingly, the company holds cross-shareholdings after comprehensively considering the strengthening of business relationships with business partners and the maintenance of relationships with local communities. The company also regularly scrutinizes each cross-shareholding and verifies whether continued ownership is appropriate.」
The company continues its policy of holding cross-shareholdings to maintain relationships with business partners and local communities and regularly reviewing each holding. - FY2019First statedAnnual report
「Cooperation with various companies is essential for sustainable growth. Accordingly, the company holds cross-shareholdings after comprehensively considering the strengthening of business relationships with business partners and the maintenance of relationships with local communities. The company also regularly scrutinizes each cross-shareholding and verifies whether continued ownership is appropriate.」
For the first time, the company states its policy of holding cross-shareholdings to strengthen relationships with business partners and maintain relationships with local communities, while regularly verifying the appropriateness of each holding.