Verification of the Significance of Strategic Shareholdings and Policy on Reducing Them
First written in FY2019. 6 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2025.
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- FY2025RestatedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings whose significance it believes has diminished as promptly as possible, the company comprehensively reviews the significance of its listed shareholdings from the perspectives of business relevance, profitability and holding risk, and the Board of Directors determines annually whether the holdings should be retained.」
The company has reaffirmed its annual Board of Directors review of cross-shareholdings based on business relevance, profitability and holding risk, as well as its policy of disposing of or reducing holdings whose significance has diminished. - FY2024AdvancedAnnual report
「Stocks with a decrease in the number of shares during the fiscal year: Stocks other than unlisted shares: 1; 383 Under its basic policy of disposing of or reducing cross-shareholdings whose significance it believes has diminished as promptly as possible, the company comprehensively reviews the significance of its listed shareholdings from the perspectives of business relevance, profitability and holding risk, and the Board of Directors determines annually whether the holdings should be retained.」
The company sold 1 cross-shareholding and continues its annual Board of Directors review based on business relevance, profitability and holding risk. - FY2024-Q3AdvancedAnnual report
「This resulted from the sale of 1 domestically listed stock among the investment securities held by the Company.」
The company states that it sold 1 domestic listed shareholding during the cumulative third quarter, adding a sale consistent with its policy of reducing cross-shareholdings. - FY2023AdvancedAnnual report
「Stocks with a decrease in the number of shares during the fiscal year: Stocks other than unlisted shares: 1; 52,240 Under its basic policy of disposing of or reducing cross-shareholdings whose significance it believes has diminished as promptly as possible, the company comprehensively reviews the significance of its listed shareholdings from the perspectives of business relevance, profitability and holding risk, and the Board of Directors determines annually whether the holdings should be retained.」
The company sold 1 cross-shareholding during the fiscal year and recognized ¥52.240 million in sale proceeds. It has also specified the method used for the annual Board of Directors review of business relevance, profitability and holding risk. - FY2023-Q1AdvancedAnnual report
「This was due to the partial sale of 1 domestic listed shareholding among the investment securities held by the company.」
The company states that it partially sold 1 domestic listed shareholding and recognized a gain on the sale of investment securities. - FY2022AdvancedAnnual report
「Stocks with a decrease in the number of shares during the fiscal year: Stocks other than unlisted shares: 1; 2,457 The company reviews the significance of each individual cross-shareholding every fiscal year. As a result of the review as of 31 March 2022, it confirmed that all cross-shareholdings currently held were held for purposes consistent with its holding policy.」
The company states that it sold 1 cross-shareholding during the fiscal year and, in a Board of Directors review as of 31 March 2022, confirmed that the shares currently held were held for purposes consistent with its holding policy. - 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.」
The company states that it reviewed its cross-shareholdings as of 31 March 2020 and confirmed that the shares it held were held for purposes consistent with its holding policy. - FY2019First statedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings whose significance it believes has diminished as promptly as possible, the company verifies the significance of each individual cross-shareholding at the Board of Directors meeting every fiscal year and engages in necessary and sufficient dialogue with the investee company as a shareholder.」
The company has, for the first time, explicitly stated a policy of reviewing individual cross-shareholdings annually at Board of Directors meetings, engaging in necessary and sufficient dialogue, and promptly disposing of or reducing holdings whose significance has diminished.