Annual Review of the Rationale for Strategic Shareholdings
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「For each individual cross-shareholding, the Board of Directors annually verifies whether the purpose of holding the shares remains appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital, among other considerations, and determines whether continued ownership is appropriate.」
The company continues its policy of annually verifying whether the purpose, benefits and risks of cross-shareholdings are consistent with the cost of capital. - FY2022RestatedAnnual report
「For each individual cross-shareholding, the Board of Directors annually verifies whether the purpose of holding the shares remains appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital, among other considerations, and determines whether continued ownership is appropriate.」
The company continues its policy of annually verifying whether the purpose, benefits and risks of cross-shareholdings are consistent with the cost of capital. - FY2019First statedAnnual report
「For each individual cross-shareholding, the Board of Directors annually verifies whether the purpose of holding the shares remains appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital, among other considerations, and determines whether continued ownership is appropriate.」
The company disclosed for the first time its policy of annually verifying at Board of Directors meetings whether the purpose, benefits and risks of cross-shareholdings held to strengthen relationships with business partners are consistent with the cost of capital.