Policy of Periodically Reviewing the Rationale for Shares Held for Policy Purposes
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「For shares held, the results of periodic reviews of the significance and rationale for continuing to hold them are reported to the Representative Director and President, and the Board of Directors deliberates, as necessary, on increases or decreases in the number of shares held.」
The Company continues its policy of periodically reviewing the rationale for cross-shareholdings, reporting the results to the president, and referring the matter to the Board of Directors for deliberation as necessary. - FY2025AdvancedAnnual report
「For shares held, the results of periodic reviews of the significance and rationale for continuing to hold them are reported to the Representative Director and President, and the Board of Directors deliberates, as necessary, on increases or decreases in the number of shares held.」
The policy of periodically reviewing the rationale for cross-shareholdings has been formalized into operating procedures involving reports to the president and, as necessary, deliberations by the Board of Directors on changes in the number of shares held. - FY2022RestatedAnnual report
「The basic policy of our group is not to hold cross-shareholdings unless there is a recognized purpose for doing so. However, when shares are held to strengthen relationships and alliances with business partners and to achieve sustainable growth and enhance corporate value, the rationale for holding them is periodically reviewed by the Board of Directors.」
The company continues its policy of limiting cross-shareholdings and periodically reviewing the rationale for any holdings at the Board of Directors. - FY2021RestatedAnnual report
「The basic policy of our group is not to hold cross-shareholdings unless there is a recognized purpose for doing so. However, when shares are held to strengthen relationships and alliances with business partners and to achieve sustainable growth and enhance corporate value, the rationale for holding them is periodically reviewed by the Board of Directors.」
The company continues its policy of limiting cross-shareholdings and periodically reviewing the rationale for any holdings at the Board of Directors. - FY2019First statedAnnual report
「The basic policy of our group is not to hold cross-shareholdings unless there is a recognized purpose for doing so. However, when shares are held to strengthen relationships and alliances with business partners and to achieve sustainable growth and enhance corporate value, the rationale for holding them is periodically reviewed by the Board of Directors.」
The company has stated for the first time that it will generally limit its cross-shareholdings and, where shares are held, periodically review their rationale at the Board of Directors.