Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「For each strategic shareholding, the Board of Directors verifies the rationale for holding it every fiscal year and reduces any holding that is not deemed to contribute to the sustainable growth of the group and the enhancement of corporate value over the medium to long term.」
The company continues to review its strategic shareholdings each fiscal year and reduce holdings whose rationale is not considered valid. Its review as of 31 March 2025 confirmed that its current holdings are consistent with the policy. - FY2024RestatedAnnual report
「Each fiscal year, the company verifies the rationale for its strategic shareholdings and reduces any holdings that are not deemed to contribute to the sustainable growth of the group and the enhancement of corporate value over the medium to long term.」
The company again confirmed its policy of reviewing its strategic shareholdings each fiscal year and reducing holdings whose rationale is no longer considered valid. Its review as of 31 March 2024 confirmed that its current holdings are consistent with the policy. - FY2020RestatedAnnual report
「Each fiscal year, the company verifies the rationale for its strategic shareholdings. Based on the review as of 31 March 2020, it confirmed that the strategic shareholdings currently held are held for purposes consistent with its holding policy.」
The company reviews its strategic shareholdings each fiscal year and confirmed that its current holdings are consistent with its holding policy. - FY2019First statedAnnual report
「Under our basic policy of disposing of or reducing cross-shareholdings as promptly as reasonably possible when their purpose has diminished, the Board of Directors verifies the purpose of each cross-shareholding every fiscal year and sells any shares that are not considered to contribute to the group's sustainable growth and the enhancement of corporate value over the medium to long term in a timely and appropriate manner.」
The company holds cross-shareholdings for strategic purposes such as business alliances and stable procurement, while reviewing their rationale each fiscal year and disposing of or reducing holdings whose rationale has diminished.