Maintaining and reviewing cross-shareholdings held for business relationships
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「Following this review, we consider selling holdings where the original purpose of ownership has been achieved or the benefits of holding them are judged to have diminished.」
The company continued to verify the quantitative and qualitative benefits of cross-shareholdings and review them annually at Board of Directors’ meetings, and sold 2 issues during the fiscal year, recording proceeds of ¥81.249 million. - FY2021AdvancedAnnual report
「With respect to these holdings, we measure the benefits obtained both quantitatively and qualitatively, consider whether they are an appropriate use of our funds, confirm their rationale at the Board of Directors’ meeting each year, and review whether to continue holding them and the number of shares held. Following this review, we consider selling holdings where the original purpose of ownership has been achieved or the benefits of holding them are judged to have diminished.」
The company continued its annual Board of Directors’ review and policy of reviewing cross-shareholdings, and sold one issue other than unlisted shares during the fiscal year, recording proceeds of ¥66 million. - FY2020AdvancedAnnual report
「We hold shares of business partners as cross-shareholdings for the purpose of maintaining and strengthening business relationships where we recognize that maintaining and strengthening stable business relationships with those partners would contribute to improving our corporate value over the medium to long term.」
The company continued its annual Board of Directors’ review of the rationale for cross-shareholdings and its review of whether to continue holding them and the number of shares held, and sold one issue during the fiscal year. - FY2019First statedAnnual report
「We hold shares of business partners as cross-shareholdings for the purpose of maintaining and strengthening business relationships where we recognize that maintaining and strengthening stable business relationships with those partners would contribute to improving our corporate value over the medium to long term. With respect to these holdings, we measure the benefits obtained both quantitatively and qualitatively, consider whether they are an appropriate use of our funds, confirm their rationale at the Board of Directors’ meeting each year, and review whether to continue holding them and the number of shares held.」
For cross-shareholdings, the company newly disclosed a policy of holding shares to maintain and strengthen business relationships, confirming their rationale annually at Board of Directors’ meetings and reviewing whether to continue holding them and the number of shares held.