Testing the Rationality of Cross-Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2019. 5 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「As a basic policy, when holding shares, the Company requires the holding purpose to be rational, including maintaining and strengthening business relationships with the issuing company and its affiliates and stabilizing the shareholding. For acquisitions and disposals of such shares, the responsible director verifies whether they will contribute to the Company’s growth, and the Board of Directors makes a resolution as necessary.」
The policy of continuing to hold strategic shareholdings to maintain and strengthen business relationships and for other purposes, and verifying their rationale using qualitative and quantitative criteria, remains in place. - FY2023RestatedAnnual report
「As a basic policy, when holding shares, the Company requires the holding purpose to be rational, including maintaining and strengthening business relationships with the issuing company and its affiliates and stabilizing the shareholding. For acquisitions and disposals of such shares, the responsible director verifies whether they will contribute to the Company’s growth, and the Board of Directors makes a resolution as necessary.」
The policy of continuing to verify the rationale for strategic shareholdings held to maintain and strengthen business relationships and for other purposes remains in place. - FY2022RestatedAnnual report
「As a basic policy, when holding shares, the Company requires the holding purpose to be rational, including maintaining and strengthening business relationships with the issuing company and its affiliates and stabilizing the shareholding. For acquisitions and disposals of such shares, the responsible director verifies whether they will contribute to the Company’s growth, and the Board of Directors makes a resolution as necessary.」
The policy of continuing to hold strategic shareholdings to maintain and strengthen business relationships and for other purposes, and verifying their rationale using qualitative and quantitative criteria, remains in place. - FY2021RestatedAnnual report
「As a basic policy, when holding shares, the Company requires the holding purpose to be rational, including maintaining and strengthening business relationships with the issuing company and its affiliates and stabilizing the shareholding. For acquisitions and disposals of such shares, the responsible director verifies whether they will contribute to the Company’s growth, and the Board of Directors makes a resolution as necessary.」
The policy of continuing to hold strategic shareholdings to maintain and strengthen business relationships and for other purposes, and verifying their rationale using qualitative and quantitative criteria, remains in place. - FY2020RestatedAnnual report
「All shares held by the Company are held for purposes other than pure investment. As a basic policy, when holding shares, the Company requires the holding purpose to be rational, including maintaining and strengthening business relationships with the issuing company and its affiliates and stabilizing the shareholding. For acquisitions and disposals of such shares, the responsible director verifies whether they will contribute to the Company’s growth, and the Board of Directors makes a resolution as necessary.」
The policy of continuing to verify the rationale for strategic shareholdings held to maintain and strengthen business relationships and for other purposes remains in place, and the verification methods using qualitative and quantitative criteria are also described. - FY2019First statedAnnual report
「All shares held by the Company are held for purposes other than pure investment. As a basic policy, when holding shares, the Company requires the holding purpose to be rational, including maintaining and strengthening business relationships with the issuing company and its affiliates and stabilizing the shareholding. For acquisitions and disposals of such shares, the responsible director verifies whether they will contribute to the Company’s growth, and the Board of Directors makes a resolution as necessary.」
The policy of holding strategic shareholdings to maintain and strengthen business relationships and for other purposes, and verifying their contribution to growth upon acquisition or disposal, was documented in a thread for the first time.