Verification of the Rationale for Strategic Shareholdings and Sales When Their Significance Diminishes
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「(Issues for which the number of shares declined during the fiscal year under review) Unlisted shares 1 26,465」
The Company continues its policy of verifying the appropriateness of cross-shareholdings at Board of Directors meetings. During the fiscal year under review, it sold all shares of Kyoei Sangyo in response to a tender offer. Sale proceeds were ¥26.465 million. - FY2025RestatedAnnual report
「For its cross-shareholdings, the Company confirms the status of transactions with investee companies, as well as their financial condition, business performance, share prices, dividends, and other matters, reports them to the Board of Directors, and verifies whether the holdings remain appropriate. Shares deemed to have lost the rationale for cross-shareholdings are subject to reduction, and their sale is considered.」
The Company continues to report cross-shareholdings to the Board of Directors, verify whether they remain appropriate, and consider reducing or selling holdings whose rationale has diminished. There were 4 cross-shareholdings during the fiscal year under review, and no issue experienced a decline in the number of shares held. - FY2022RestatedAnnual report
「For its cross-shareholdings, the Company confirms the status of transactions with investee companies, as well as their financial condition, business performance, share prices, dividends, and other matters, reports them to the Board of Directors, and verifies whether the holdings remain appropriate. Shares deemed to have lost the rationale for cross-shareholdings are subject to reduction, and their sale is considered. The rationale for continuing to hold the issues selected for continued ownership was reaffirmed.」
The Company continues to report cross-shareholdings to the Board of Directors, verify whether they remain appropriate, and consider reducing or selling holdings whose rationale has diminished. There were 4 cross-shareholdings during the fiscal year under review. - FY2021AdvancedAnnual report
「For its cross-shareholdings, the Company confirms the status of transactions with investee companies, as well as their financial condition, business performance, share prices, dividends, and other matters, reports them to the Board of Directors, and verifies whether the holdings remain appropriate. Shares deemed to have lost the rationale for cross-shareholdings are subject to reduction, and their sale is considered.」
The process was formalized to report the rationale for cross-shareholdings to the Board of Directors and verify their appropriateness. During the fiscal year under review, the number of shares declined for 4 issues, and total sale proceeds were ¥55.221 million. - FY2020RestatedAnnual report
「The Company holds cross-shareholdings only where maintaining and strengthening business relationships with the investee companies could enhance corporate value. The accounting department confirms the status of transactions with investee companies, as well as their financial condition, business performance, share prices, dividends, and other matters, and periodically considers whether to continue holding the shares. Shares deemed to have lost the rationale for cross-shareholdings are sold with the approval of the Representative Director.」
The policy of limiting cross-shareholdings to cases where they contribute to maintaining and strengthening business relationships and enhancing corporate value, and periodically reviewing whether to continue holding them based on transactions, financial condition, share prices, dividends, and other factors, is continuing. - FY2019First statedAnnual report
「The Company holds cross-shareholdings only where maintaining and strengthening business relationships with the investee companies could enhance corporate value. The accounting department confirms the status of transactions with investee companies, as well as their financial condition, business performance, share prices, dividends, and other matters, and periodically considers whether to continue holding the shares. Shares deemed to have lost the rationale for cross-shareholdings are sold with the approval of the Representative Director.」
The policy of limiting cross-shareholdings to cases where they contribute to maintaining and strengthening business relationships and enhancing corporate value, and reviewing whether to continue holding them based on transactions, financial condition, share prices, dividends, and other factors, is recorded for the first time.