Rationale Verification and Decisions on Maintaining or Disposing of Strategic Shareholdings
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「For each individual stock holding, the company carefully assesses whether the holding is appropriate and whether the risks associated with holding it are commensurate with the cost of capital. It verifies the rationale and necessity of each holding based on criteria including the purpose of holding, the status of transactions with the company, dividends received, and shareholder benefits, and regularly considers the continuation or disposal of cross-shareholdings at meetings of the Board of Directors.」
The company continues its policy of having the Board of Directors verify the rationale for cross-shareholdings based on the cost of capital and other factors and decide whether to retain or dispose of them. - FY2024First statedAnnual report
「For each individual stock holding, the company carefully assesses whether the holding is appropriate and whether the risks associated with holding it are commensurate with the cost of capital. It verifies the rationale and necessity of each holding based on criteria including the purpose of holding, the status of transactions with the company, dividends received, and shareholder benefits, and regularly considers the continuation or disposal of cross-shareholdings at meetings of the Board of Directors.」
The company has stated for the first time its policy of verifying the rationale for cross-shareholdings, held to maintain and strengthen business relationships and provide employee benefits, based on the cost of capital and other factors, and having the Board of Directors decide whether to retain or dispose of them.