Policy of generally not holding cross-shareholdings and annual verification of their rationale
First written in FY2019. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 15 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Except where the significance and rationale for doing so are recognized, the company generally does not hold listed shares as cross-shareholdings. It makes this determination after verifying each year, for each individual issue, whether business cooperation or synergies with the issuing company can be expected and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital.」
The company is reaffirming its policy of generally not holding listed shares as cross-shareholdings and annually verifying business cooperation and business synergies in comparison with the cost of capital. - FY2024RestatedAnnual report
「Except where the significance and rationale for doing so are recognized, the company generally does not hold listed shares as cross-shareholdings. It makes this determination after verifying each year, for each individual issue, whether business cooperation or synergies with the issuing company can be expected and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital.」
The company is reaffirming its policy of generally not holding cross-shareholdings and annually verifying business cooperation, business synergies and their comparison with the cost of capital. - FY2023RestatedAnnual report
「Except where the significance and rationale for doing so are recognized, the company generally does not hold listed shares as cross-shareholdings. It makes this determination after verifying each year, for each individual issue, whether business cooperation or synergies with the issuing company can be expected and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital.」
The company is reaffirming its policy of generally not holding cross-shareholdings and annually verifying business cooperation, business synergies and their comparison with the cost of capital. - FY2022RestatedAnnual report
「Except where the significance and rationale for doing so are recognized, the company generally does not hold listed shares as cross-shareholdings. It makes this determination after verifying each year, for each individual issue, whether business cooperation or synergies with the issuing company can be expected and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital.」
The company is reaffirming its policy of generally not holding listed shares as cross-shareholdings and annually verifying, for each individual issue, business cooperation, business synergies and their comparison with the cost of capital. - FY2020RestatedAnnual report
「Except where the significance and rationale for doing so are recognized, the company generally does not hold listed shares as cross-shareholdings. It makes this determination after verifying each year, for each individual issue, whether business cooperation or synergies with the issuing company can be expected and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital.」
The company is reaffirming its policy of generally not holding listed shares as cross-shareholdings and annually verifying, for each individual issue, business cooperation, business synergies and their comparison with the cost of capital. - FY2019First statedAnnual report
「Except where the significance and rationale for doing so are recognized, the company generally does not hold listed shares as cross-shareholdings. It makes this determination after verifying each year, for each individual issue, whether business cooperation or synergies with the issuing company can be expected and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital.」
The company newly explicitly states a policy of generally not holding listed shares as cross-shareholdings and annually verifying, for each individual issue, business cooperation, business synergies and their comparison with the cost of capital.