Review of Cross-Shareholdings Held to Maintain and Develop Customer Relationships
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2024.
- FY2024No holdings were reduced during the year; holdings acquired through the business-partner employee stock ownership plan increasedAnnual report
「(Holdings with an increase in the number of shares during the current fiscal year) Unlisted shares, –, –; shares other than unlisted shares, 2, 6; acquisition of shares through business partners' shareholding associations. (Holdings with a decrease in the number of shares during the current fiscal year) Not applicable.」
During the current fiscal year, the company increased its holdings of 2 listed shares and other shares, with acquisition costs increasing by ¥6 million. The reduction in the number of shares and sales results disclosed for the previous fiscal year did not occur during the current fiscal year. - FY2023AdvancedAnnual report
「Holdings with a decrease in the number of shares during the current fiscal year: unlisted shares, 1, 0; shares other than unlisted shares, 2, 201.」
During the current fiscal year, the company reduced 1 holding of unlisted shares and 2 holdings of listed shares and other shares. The sale proceeds from the listed shares and other shares amounted to ¥201 million. This disclosure records results consistent with the policy of reducing holdings deemed to have little significance. - FY2022AdvancedAnnual report
「We hold these shares from a medium- to long-term perspective to maintain and develop smooth business relationships with business partners, and periodically verify the economic rationality of these holdings at management meetings and Board of Directors meetings, taking into account the status of transactions with us, dividends and other factors. Holdings deemed to have little significance are subject to reduction.」
The policy on cross-shareholdings was made more specific by adding the verification of their economic rationality based on transaction status, dividends and other factors, as well as the policy of reducing holdings deemed to have little significance. - FY2020First statedAnnual report
「We hold these shares from a medium- to long-term perspective to maintain and develop smooth business relationships with business partners, and periodically verify the appropriateness of these holdings at management meetings and Board of Directors meetings.」
The company first disclosed its policy of holding shares to maintain and develop smooth business relationships with business partners and verifying the appropriateness of these holdings at management meetings and Board of Directors meetings.