Contents of this filing
The policy is to reduce cross-shareholdings after reviewing the rationale for holding each individual issue every year. From the end of March 2021 to the end of March 2027, 第四北越銀行 will reduce its cross-shareholdings by ¥20 billion on a book-value basis. In FY2027 (through the end of March 2028), the proportion of cross-shareholdings, including shares deemed to be held, at market value to consolidated net assets will be reduced to below 20%, with efforts made to reduce it to below 10% at an earlier date.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The deadline for reducing the proportion of cross-shareholdings at market value to consolidated net assets to below 20% was brought forward by 2 years, from the end of FY2029 to the end of FY2027. A new target was also set to reduce the proportion to below 10% at an earlier date.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Policy on cross-shareholdings | The policy is to reduce cross-shareholdings after reviewing the rationale for holding each individual issue every year. From the end of March 2021 to the end of March 2027, 第四北越銀行 will reduce its cross-shareholdings by ¥20 billion on a book-value basis. In FY2027 (through the end of March 2028), the proportion of cross-shareholdings, including shares deemed to be held, at market value to consolidated net assets will be reduced to below 20%, with efforts made to reduce it to below 10% at an earlier date. |
| Changes this time | The deadline for reducing the proportion of cross-shareholdings at market value to consolidated net assets to below 20% was brought forward by 2 years, from the end of FY2029 to the end of FY2027. A new target was also set to reduce the proportion to below 10% at an earlier date. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To further improve capital efficiency and strengthen the financial position in order to enhance corporate value, among other objectives.