Reviewing the appropriateness of cross-shareholdings and reducing holdings
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「Following reviews of the appropriateness of holding cross-shareholdings at meetings of the Board of Directors held in June and December 2025, the company continues to hold all issues.」
The company continued its policy of conducting reviews every six months and continued to hold all cross-shareholdings in FY2026. - FY2023Continued holding of all cross-shareholdingsAnnual report
「Following reviews of the appropriateness of holding cross-shareholdings at meetings of the Board of Directors held in June and December 2022, the company continues to hold all issues.」
The company continued its policy of conducting reviews every six months, but determined in the current fiscal year's review that all cross-shareholdings should continue to be held. This differs from the reduction and sale of some holdings described for the previous fiscal year. - FY2022First statedAnnual report
「With respect to cross-shareholdings, every six months the company scrutinizes the purpose of holding each cross-held share and whether the benefits and risks of holding it are commensurate with its cost of capital. After verifying the appropriateness of holding each individual issue, the Board of Directors decides whether to continue holding it. If the company determines during this process that the significance of holding a particular issue has diminished, it will generally be subject to reduction.」
The company stated as a standalone policy that it reviews cross-shareholdings every six months and reduces holdings in issues whose significance has diminished. It sold some holdings during the current fiscal year.