Review of Cross-Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2024AdvancedAnnual report
「The Company sold all of the shares during the fiscal year.」
It was stated that all shares in the 2 holdings of Sumitomo Mitsui Trust Holdings and Lawson were sold during the fiscal year. - FY2022AdvancedAnnual report
「Each year, the Board of Directors comprehensively evaluates each individual holding, including the status of the holding and transactions, the share price, and the benefits and costs associated with holding the shares, and reviews whether the holding should be maintained. For holdings whose significance is no longer recognized, we will consider reducing the number of shares held.」
For cross-shareholdings, in addition to the annual review of individual holdings, the policy of considering reductions in holdings whose significance is no longer recognized was explicitly stated. - FY2019First statedAnnual report
「We hold shares after comprehensively considering our business strategy, management strategy, and business relationships, with the aim of establishing, maintaining, and strengthening smooth business relationships with our business partners.」
For cross-shareholdings, the policy of holding shares to establish, maintain, and strengthen business relationships was documented for the first time, along with a policy of reviewing major holdings annually at Board of Directors meetings.