Reviewing the Rationale for Cross-Shareholdings and Selling as Appropriate
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shareholdings are limited to the minimum necessary. Each year, the Board of Directors verifies the purpose and significance of each holding, as well as its economic rationale. If the review finds that a holding is not appropriate, the company will proceed with its sale.」
Under its policy of reviewing the rationale for holdings, the company sold 48,000 shares of Alpen. Holdings other than unlisted shares decreased from 4 to 3. The sale proceeds were ¥111 million. - FY2024RestatedAnnual report
「Each year, the Board of Directors verifies the purpose and significance of each holding, as well as its economic rationale. If the review finds that a holding is not appropriate, the company will proceed with its sale.」
The company has reconfirmed its policy of limiting cross-shareholdings to the minimum necessary, conducting an annual review by the Board of Directors, and selling holdings whose rationale is not established. - FY2021RestatedAnnual report
「Each year, the company verifies the purpose and significance of its individual cross-shareholdings. Based on a review as of the fiscal year-end settlement date, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company continues to review the rationale for its cross-shareholdings each fiscal year and has confirmed that its current holdings are consistent with its holding policy. - FY2020AdvancedAnnual report
「For shares other than unlisted shares, 2 holdings decreased in number during the fiscal year, and the total sale price was ¥15.734 million.」
Based on its policy of reviewing the rationale for cross-shareholdings, the company sold all shares in 2 holdings during the fiscal year. - FY2019First statedAnnual report
「The company holds shares after considering the rationality of the holding purpose, including maintaining and strengthening business relationships, and ensuring that the amount recorded for investment shares is not excessive as a proportion of the consolidated balance sheet. The Board of Directors reviews investment shares held for purposes other than pure investment, and the company will proceed with the sale of holdings for which the appropriateness of ownership is not recognized, as appropriate.」
For cross-shareholdings, the company has for the first time explicitly stated a policy of selling holdings whose rationality is not established following a review by the Board of Directors of the rationale for maintaining and strengthening business relationships.