Reviewing the Rationale for Cross-Shareholdings and Reducing Holdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2022.
- FY2022RestatedAnnual report
「Each fiscal year, the company verifies the significance of holding each individual cross-shareholding. Based on the verification as of 31 March 2022, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
A review of the purpose of holding cross-shareholdings was conducted as of 31 March 2022, and it was confirmed that all holdings were consistent with the policy. No holding had decreased in the number of shares. - FY2021AdvancedAnnual report
「Each fiscal year, we verify the significance of holding each cross-held share. Based on the results of the verification as of 31 March 2021, we confirmed that all cross-held shares currently held are held for purposes consistent with our holding policy.」
In addition to conducting a review of the purpose of holding cross-shareholdings as of 31 March 2021, 2 non-listed shareholdings were sold, further reducing the holdings. - FY2020AdvancedAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2020, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
A review of the purpose of holding cross-shareholdings was conducted as of 31 March 2020, and it was confirmed that the cross-shareholdings held were consistent with the holding policy. There was no change in the number of shares held. - FY2019First statedAnnual report
「Under its basic policy of disposing of or reducing strategic shareholdings as promptly as possible when their rationale has diminished, the company verifies the rationale for each strategic shareholding at the Board of Directors' meeting every fiscal year. If any holding is found not to contribute to the group's sustainable growth and the enhancement of corporate value over the medium to long term, the company discloses the results of its review and engages in necessary and sufficient dialogue with the investee company as a shareholder. If no improvement is seen even after dialogue, the company will sell the shares in a timely and appropriate manner.」
For cross-shareholdings, the policy of reviewing the purpose of holding them by the Board of Directors each fiscal year, engaging in dialogue, and selling or reducing the holdings when no improvement is recognized has been disclosed for the first time as an independent topic.