Reviewing the rationale for and reducing cross-shareholdings
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
- FY2021RestatedAnnual report
「The Board of Directors reviews the rationale for each holding annually. For each individual security, the Company determines whether the holding is rational by reviewing qualitative factors, such as the benefits of holding it, as well as quantitative factors, including related profits and dividends received, taking into account the cost of capital. If a holding is not considered rational, we will reduce it.」
For cross-shareholdings, the Company continues to conduct annual reviews by the Board of Directors, qualitative and quantitative assessments, and reduce holdings when they are not considered rational. - FY2020First statedAnnual report
「We may hold shares of business partners for purposes other than pure investment when we determine that doing so is essential to maintaining or strengthening business alliances and trading relationships. The Board of Directors reviews the rationale for each holding annually. If a holding is not considered rational, we will reduce it.」
For cross-shareholdings, the Company has stated a policy of reviewing qualitative and quantitative factors annually at the Board of Directors, based on the necessity of the business relationship and other considerations, and reducing holdings when they are not considered rational.