Reviewing the rationale for and reducing cross-shareholdings
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The company verifies the significance of each cross-shareholding every fiscal year. Based on the review as of 31 March 2026, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
Based on 31 March 2026, the Company conducted an individual review and confirmed that all cross-shareholdings held complied with its policy. - FY2024AdvancedAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2024, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
Based on 31 March 2024, the Company conducted an individual review and confirmed that all cross-shareholdings held complied with its holding policy. - FY2022AdvancedAnnual report
「Each fiscal year, the company verifies the significance of holding each individual cross-shareholding. Based on the verification as of 31 March 2022, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
Based on 31 March 2022, the Company conducted an individual review and confirmed that all cross-shareholdings held complied with its holding policy. - FY2021AdvancedAnnual report
「Each fiscal year, we verify the significance of holding each cross-held share. Based on the results of the verification as of 31 March 2021, we confirmed that all cross-held shares currently held are held for purposes consistent with our holding policy.」
Based on 31 March 2021, the Company conducted an individual review and confirmed that all cross-shareholdings held complied with its policy. - FY2020AdvancedAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2020, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
Based on 31 March 2020, the Company conducted an individual review of its cross-shareholdings and confirmed that all holdings complied with its policy. - FY2019First statedAnnual report
「With respect to cross-shareholdings whose purpose we believe has diminished, our basic policy is to dispose of or reduce them as promptly as possible. Each fiscal year, the Board of Directors verifies the purpose of holding each individual cross-shareholding. If any holding is determined not to contribute to the sustainable growth of the Group or the enhancement of corporate value over the medium to long term, we will disclose the results of the review and engage in necessary and sufficient dialogue with the investee company as a shareholder. We will sell holdings for which no improvement is recognized even after dialogue in a timely and appropriate manner.」
The Company has, for the first time, explicitly stated its policy on cross-shareholdings: conduct an individual review each fiscal year, dispose of or reduce holdings whose purpose has diminished, and sell holdings that do not improve even after dialogue.