Annual Review of the Rationale for Holding Cross-Shareholdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Stocks with a decrease in the number of shares during the fiscal year: non-listed stocks excluded: 6; total sale price related to the decrease in the number of shares: ¥76.900 million」
The company disclosed the sale of 6 cross-shareholdings during the fiscal year. - FY2023AdvancedAnnual report
「Stocks with a decrease in the number of shares during the fiscal year: non-listed stocks excluded: 1; total sale price related to the decrease in the number of shares: ¥96.293 million」
The company disclosed the sale of 1 cross-shareholding under its policy of verifying the rationale for such holdings annually. - FY2020RestatedAnnual report
「For each individual issue, the company compares the benefits of holding it, such as dividends received and profits from business transactions, with its cost of capital to verify the economic rationale for holding it. It also comprehensively considers the maintenance and enhancement of business relationships and the necessity of the holding for business operations, and the Board of Directors individually determines each year whether the holding is appropriate.」
The company continues its policy of individually reviewing cross-shareholdings each year at Board of Directors meetings, based on a comparison of their benefits with the cost of capital. - FY2019First statedAnnual report
「For each individual issue, the company compares the benefits of holding it, such as dividends received and profits from business transactions, with its cost of capital to verify the economic rationale for holding it. It also comprehensively considers the maintenance and enhancement of business relationships and the necessity of the holding for business operations, and the Board of Directors individually determines each year whether the holding is appropriate.」
The company disclosed a policy of individually reviewing cross-shareholdings each year at Board of Directors meetings, based on a comparison of their benefits with the cost of capital and consideration of business relationships and operational necessity.