Annual Review of the Rationale for Holding Strategic Shareholdings
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Unlisted shares 1 1,916 Investment in a company operating in the EV/CASE field」
Under the policy of annually reviewing cross-shareholdings, an unlisted shareholding in a company operating in the EV/CASE field was acquired for ¥1,916 million. - FY2023AdvancedAnnual report
「During the current fiscal year, we sold 2 unlisted shareholdings as shown below. At the end of the current consolidated fiscal year, cross-shareholdings accounted for less than 1.5% of total equity, and we recognize that their impact on the consolidated financial statements and other effects are immaterial.」
The policy of annually reviewing whether cross-shareholdings should be retained was continued, and 2 unlisted shareholdings were sold. Meanwhile, 3 unlisted shareholdings were acquired during the current fiscal year as investments in new business companies. - FY2021AdvancedAnnual report
「During the current fiscal year, we sold 1 shareholding other than unlisted shares, as shown below.」
The policy of annually reviewing at Board of Directors meetings whether cross-shareholdings should be retained was continued, and 1 listed shareholding was sold during the current fiscal year. - FY2020AdvancedAnnual report
「During the current fiscal year, we sold 1 unlisted shareholding and 2 shareholdings other than unlisted shares, as shown below.」
The policy of annually reviewing at Board of Directors meetings whether cross-shareholdings should be retained was continued, and 1 unlisted shareholding and 2 listed shareholdings were sold during the current fiscal year. - FY2019First statedAnnual report
「With respect to cross-shareholdings, the Board of Directors annually reviews whether they should be held, taking into account the nature and scale of transactions, as well as the benefits and risks associated with holding them.」
It explicitly states for the first time a policy of annually reviewing at Board of Directors meetings whether cross-shareholdings held to maintain and strengthen business relationships should be retained, based on their benefits, risks and other factors.