Verification of the Rationale for Holding Cross-Shareholdings and Sale of Unnecessary Holdings
First written in FY2019. 6 of 8 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company holds shares for purposes other than pure investment when it believes that doing so will enhance its corporate value from the perspective of maintaining a medium- to long-term relationship with the issuing company. For other shares, the Company determines that there is no need to hold them and proceeds with their sale.」
The policy of continuing to limit cross-shareholdings to cases that contribute to enhancing corporate value, and selling all other holdings, remains in place. No designated investment shares were held during the year. - FY2025AdvancedAnnual report
「(Issues for which the number of shares decreased during the fiscal year) Shares other than unlisted shares 2 5 Specified investment shares Issue Fiscal year Number of shares (shares) Balance sheet amount (¥ million) The Musashino Bank,Ltd. - - Sumitomo Mitsui Financial Group,Inc. - -」
During the fiscal year, 2 cross-shareholdings were sold, leaving no designated investment shares held at fiscal year-end. Progress is being made in verifying the rationale for holdings and implementing the policy of selling unnecessary shares. - FY2024RestatedAnnual report
「Every year, the Company's Board of Directors conducts a detailed review of shares held for purposes other than pure investment, including whether the purpose of holding them is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital. The Board verifies whether the shares should be held and explains the details of its review.」
The Company continues its policy of reviewing each year the relationship between the purpose, benefits and risks of cross-shareholdings and the cost of capital. - FY2023RestatedAnnual report
「Every year, the Company's Board of Directors conducts a detailed review of shares held for purposes other than pure investment, including whether the purpose of holding them is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital. The Board verifies whether the shares should be held and explains the details of its review.」
The Company continues its policy of reviewing each year the relationship between the purpose, benefits and risks of cross-shareholdings and the cost of capital. - FY2022RestatedAnnual report
「Every year, the Company's Board of Directors conducts a detailed review of shares held for purposes other than pure investment, including whether the purpose of holding them is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital. The Board verifies whether the shares should be held and explains the details of its review.」
The Company continues its policy of reviewing each year the relationship between the purpose, benefits and risks of cross-shareholdings and the cost of capital. - FY2021RestatedAnnual report
「Every year, the Company's Board of Directors conducts a detailed review of shares held for purposes other than pure investment, including whether the purpose of holding them is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital. The Board verifies whether the shares should be held and explains the details of its review.」
The Company continues its policy of reviewing each year the relationship between the purpose, benefits and risks of cross-shareholdings and the cost of capital. - FY2020RestatedAnnual report
「Every year, the Company's Board of Directors conducts a detailed review of shares held for purposes other than pure investment, including whether the purpose of holding them is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital. The Board verifies whether the shares should be held and explains the details of its review.」
The Company continues its policy of reviewing each year the relationship between the purpose, benefits and risks of cross-shareholdings and the cost of capital. - FY2019First statedAnnual report
「The Company holds shares for purposes other than pure investment when it believes that doing so will enhance its corporate value from the perspective of maintaining a medium- to long-term relationship with the issuing company. For other shares, the Company determines that there is no need to hold them and proceeds with their sale.」
The Company has clarified for the first time its policy of limiting cross-shareholdings to cases that contribute to enhancing corporate value and maintaining medium- to long-term relationships, and selling other shares.