Verification of the Rationale for Strategic Shareholdings and Continued Ownership
First written in FY2019. 4 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「At a meeting of the Board of Directors held in July 2024, the company confirmed that it would continue to hold the 1 issue classified as a cross-shareholding after comprehensively considering transaction conditions, dividends and other factors.」
For its cross-shareholdings, the company reviewed the rationale for 1 issue at a Board of Directors meeting and reconfirmed its policy of continuing to hold it. - FY2024Significant decline in the number of holdingsAnnual report
「At a Board of Directors meeting held in July 2023, the company confirmed that it would continue to hold 4 issues after comprehensively considering transaction conditions, dividends and other factors. (ENEOS Holdings, Inc., HONDA MOTOR CO.,LTD. and TOYOTA MOTOR CORPORATION were sold during the fiscal year, leaving 1 issue as of the filing date.)」
While continuing its policy of reviewing cross-shareholdings, the company sold 3 issues, reducing the number of holdings to be retained from 4 to 1. - FY2023Decline in the number of holdingsAnnual report
「At a Board of Directors meeting held in July 2022, the company confirmed that it would continue to hold 5 issues after comprehensively considering transaction conditions, dividends and other factors. (NISSAN TOKYO SALES HOLDINGS CO.,LTD. was sold during the fiscal year, leaving 4 issues as of the filing date.)」
Although the policy of reviewing cross-shareholdings continued, the company sold its shares in NISSAN TOKYO SALES HOLDINGS CO.,LTD., reducing the number of holdings to be retained from 5 to 4. - FY2022RestatedAnnual report
「At a Board of Directors meeting held in August 2021, the company confirmed that it would continue to hold 5 issues after comprehensively considering transaction conditions, dividends and other factors.」
The company reconfirms its policy of continuing to hold 5 cross-shareholdings and conducting similar reviews at Board of Directors meetings. - FY2021RestatedAnnual report
「At a meeting of the Board of Directors held in August 2020, the company individually reviewed transaction conditions with the investee companies, as well as their financial condition, operating results, share prices and dividends, and decided to continue holding 5 issues based on the foregoing review of whether continued cross-shareholdings were appropriate.」
The company reconfirms its policy of individually reviewing its cross-shareholdings, continuing to hold 5 issues, and conducting a review once a year. - FY2020RestatedAnnual report
「At a meeting of the Board of Directors held in August 2019, the company individually reviewed transaction conditions with the investee companies, as well as their financial condition, operating results, share prices and dividends, and decided to continue holding 5 issues based on the foregoing review of whether continued cross-shareholdings were appropriate.」
The company reconfirms its policy of individually reviewing its cross-shareholdings, continuing to hold 5 issues, and continuing the review once a year. - FY2019First statedAnnual report
「The company holds cross-shareholdings when, after comprehensively considering its business strategy and the benefits to that strategy, it believes that doing so will contribute to enhancing corporate value over the medium to long term. At a meeting of the Board of Directors held in August 2018, the company individually reviewed transaction conditions with the investee companies, as well as their financial condition, operating results, share prices and dividends, and decided to continue holding 5 issues based on the foregoing review of whether continued cross-shareholdings were appropriate.」
For its cross-shareholdings, the company individually reviewed transaction conditions, financial condition, operating results, share prices and dividends, and disclosed for the first time a specific policy of continuing to hold 5 issues.