Reviewing the rationale for strategic shareholdings and reducing them
First written in FY2019. 5 of 8 entries say "Advanced", first in FY2022. 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.」
A standalone review was conducted as of 31 March 2026, confirming that the shares currently held comply with the policy. 1 unlisted stock was sold and 5 listed stocks were acquired. - FY2025AdvancedAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2025, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
The company conducted an individual review as of 31 March 2025 and confirmed that its current holdings complied with its policy. It sold 1 unlisted stock while acquiring 5 listed stocks. - 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.」
The company conducted an individual review as of 31 March 2024 and confirmed that its current holdings complied with its holding policy. It also reported a reduction in 2 unlisted stocks. - FY2023AdvancedAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2023, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
The company conducted an individual review as of 31 March 2023 and confirmed that its holdings complied with its holding policy. It also sold all shares of 1 specified investment stock. - 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.」
The company conducted an individual review of its cross-shareholdings as of 31 March 2022 and confirmed that its current holdings complied with its holding policy. - FY2021RestatedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings whose significance it considers to have diminished as promptly as possible, the company verifies the significance of each cross-shareholding at meetings of the Board of Directors. If any shares are determined not to contribute to the sustainable growth of the group or the enhancement of corporate value over the medium to long term, the company will disclose the results of the verification and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The company continues to individually verify the significance of its cross-shareholdings and pursue a policy of disposing of or reducing holdings whose significance has diminished. - FY2020RestatedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings whose significance it considers to have diminished as promptly as possible, the company verifies the significance of each cross-shareholding at meetings of the Board of Directors. If any shares are determined not to contribute to the sustainable growth of the group or the enhancement of corporate value over the medium to long term, the company will disclose the results of the verification and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The company continues to individually verify the significance of its cross-shareholdings and pursue a policy of disposing of or reducing holdings whose significance has diminished. - FY2019First statedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings whose significance it considers to have diminished as promptly as possible, the company verifies the significance of each cross-shareholding at meetings of the Board of Directors. If any shares are determined not to contribute to the sustainable growth of the group or the enhancement of corporate value over the medium to long term, the company will disclose the results of the verification and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
For cross-shareholdings, the company has stated for the first time its basic policy of individually verifying their significance at Board of Directors meetings and disposing of or reducing holdings whose significance has diminished.