Review and reduction of cross-shareholdings held for business relationships
First written in FY2020. 4 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026RestatedAnnual report
「At Board of Directors meetings held on 20 July 2020, 19 October 2020 and 31 January 2023, the company reviewed the rationale for continuing to hold its securities using the review method described above. As a result, it resolved to sell certain holdings. Sales of 6 holdings have been completed, and for the remaining 2 holdings, it plans to determine the timing and method of sale and sell them in sequence.」
The company has reconfirmed its continued review and reduction policy for cross-shareholdings, with sales completed for 6 holdings and 2 holdings remaining. - FY2025AdvancedAnnual report
「Sales of 6 holdings have been completed, and for the remaining 2 holdings, the company plans to determine the timing and method of sale and sell them in sequence.」
Based on its review of the rationale for cross-shareholdings, the company decided to increase the number of holdings sold from 5 to 6 and to sell the remaining 2 holdings in sequence. - FY2023AdvancedAnnual report
「At Board of Directors meetings held on 20 July 2020 and 19 October 2020, the company reviewed the rationale for continuing to hold its securities using the review method described above. As a result, it resolved to sell certain holdings. Sales of 5 holdings have been completed, and for the remaining 3 holdings, it plans to determine the timing and method of sale and sell them in sequence.」
Based on its review of the rationale for cross-shareholdings, the company states that the number of holdings sold increased from 4 to 5 and that it plans to sell the remaining 3 holdings in sequence. - FY2022AdvancedAnnual report
「At a Board of Directors meeting held on 20 July 2020, the company reviewed the rationale for continuing to hold its securities using the review method described above. As a result, it resolved to sell certain holdings. Sales of 4 holdings have been completed, and for the remaining 3 holdings, it plans to determine the timing and method of sale and sell them in sequence.」
Following its review of the rationale for cross-shareholdings, the company states that the number of holdings sold increased from 3 to 4 and that it plans to sell the remaining 3 holdings in sequence. - FY2021AdvancedAnnual report
「At a Board of Directors meeting held on 20 July 2020, the company reviewed the rationale for continuing to hold its securities using the review method described above. As a result, it resolved to sell certain holdings. Sales of 3 holdings have been completed, and for the remaining 4 holdings, it plans to determine the timing and method of sale and sell them in sequence.」
Following its review of the rationale for cross-shareholdings, the company states that sales of 3 holdings have been completed and that it plans to sell the remaining 4 holdings in sequence. - FY2020First statedAnnual report
「To achieve continued enhancement of corporate value, the company holds shares in companies it deems necessary from the perspective of establishing and strengthening business relationships. It also periodically reviews the significance of each acquisition and its economic rationale and verifies the rationale for continuing to hold each investment. Shares deemed unnecessary to continue holding as a result of the review will be reduced.」
The company has, for the first time in a standalone disclosure, described its policy of holding shares to establish and strengthen business relationships, periodically verifying their rationale, and reducing holdings deemed unnecessary.