Limited Holdings of Cross-Shareholdings and Annual Review
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2025-H1.
- FY2025-H1AdvancedAnnual report
「Investment and other assets decreased by ¥27 million from the end of the previous fiscal year to ¥1,637 million, mainly because investment securities decreased by ¥44 million as the company proceeded with selling shares held for pure investment purposes, despite a ¥15 million increase in deferred tax assets.」
The company describes progress in reorganizing its shareholdings, including the sale of shares held for pure investment purposes, which reduced investment securities by ¥44 million. - FY2024Change in the purpose of holding shares to pure investmentAnnual report
「During the fiscal year, the purpose of holding the following investment shares was changed from purposes other than pure investment to pure investment purposes: The Awa Bank,Ltd., SAYLOR ADVERTISING INC., The Hyakujushi Bank,Ltd., The Ehime Bank,Ltd., and ㈱関西フードマーケット」
The company states that during the fiscal year it changed the purpose of holding 5 issues held for cross-shareholding purposes to pure investment purposes. - FY2023RestatedAnnual report
「Our policy is to hold shares only when we determine that they will contribute to increasing our corporate value, mainly by maintaining business and friendly relationships. For each issue, we report to and review at the Board of Directors meeting once a year the appropriateness and rationale for holding the shares, the significance of holding them and their management status.」
The company continues its policy of holding only shares that contribute to maintaining business relationships and reviewing them once a year at the Board of Directors meeting. - FY2022RestatedAnnual report
「In addition, as a general rule, we do not hold investment shares for pure investment purposes. We hold investment shares for purposes other than pure investment only when we determine that they will contribute to increasing the corporate value of our group.」
The company continues its policy of generally not holding shares for pure investment purposes and limiting its holdings to shares that contribute to increasing corporate value. It also reiterates the annual Board of Directors review of each issue. - FY2021First statedAnnual report
「As a general rule, we do not hold investment shares for pure investment purposes. We hold investment shares for purposes other than pure investment only when we determine that they will contribute to increasing the corporate value of our group. For each issue, we report to and review at the Board of Directors meeting once a year the appropriateness and rationale for holding the shares, the significance of holding them and their management status.」
The company has explicitly stated for the first time its policy of generally not holding shares for pure investment purposes, limiting its holdings to shares necessary for business purposes and reviewing them once a year at the Board of Directors meeting.