Reviewing the Rationale for Cross-Shareholdings and Considering Sales
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「We acquired 1 unlisted equity security and sold 2 equity securities other than unlisted equity securities.」
We continued our policy of verifying the rationale for cross-shareholdings. During the year, we acquired 1 unlisted equity security and sold 2 listed equity securities and other securities. - FY2025AdvancedAnnual report
「The company has determined that the purpose of holding its current cross-shareholdings is appropriate and that their holdings provide sufficient benefits even after taking the risks into account, meaning that the rationale for holding them is recognized. In addition, each year, the responsible department comprehensively assesses the significance and economic rationale of holding each cross-shareholding. For cross-shareholdings whose holding rationale is no longer recognized, the company considers selling them.」
The company continued its policy of reviewing the rationale for cross-shareholdings. During the fiscal year, it acquired 1 unlisted shareholding and sold 1 shareholding. The holdings comprised 14 unlisted and 5 listed shareholdings. - FY2021RestatedAnnual report
「In addition, each year, the responsible department comprehensively assesses the significance and economic rationale of holding each cross-shareholding. For cross-shareholdings whose holding rationale is no longer recognized, the company considers selling them.」
The company continues its policy of reviewing the rationale for cross-shareholdings, taking the cost of capital into account, and considering sales when the rationale is no longer recognized. - FY2020RestatedAnnual report
「In addition, each year, the responsible department comprehensively assesses the significance and economic rationale of holding each cross-shareholding. For cross-shareholdings whose holding rationale is no longer recognized, the company considers selling them.」
The company continues its policy of reviewing the rationale for cross-shareholdings, taking the cost of capital into account, and considering sales when the rationale is no longer recognized. - FY2019First statedAnnual report
「Each year, the responsible department comprehensively assesses the significance and economic rationale of holding each cross-shareholding. For cross-shareholdings whose holding rationale is no longer recognized, the company considers selling them.」
The company has, for the first time, disclosed as an independent topic its policy of reviewing the significance and economic rationale of cross-shareholdings each year, taking the cost of capital into account, and considering sales if the rationale is lost.