Limiting and Reducing Strategic Shareholdings and Conducting Annual Reviews
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「All shares were sold during the fiscal year.」
Regarding cross-shareholdings, the company sold all shares of MAKIYA CO.,LTD. This added another example of implementing its policy of limiting and reducing such holdings and conducting annual reviews. - FY2023AdvancedAnnual report
「All shares were sold during the fiscal year.」
Regarding cross-shareholdings, the company sold all shares of OKUWA CO.,LTD. This added another example of implementing its policy of annual reviews and reducing such holdings. - FY2022AdvancedAnnual report
「All shares were sold during the fiscal year.」
Regarding cross-shareholdings, the company sold all shares of エイチ・ツー・オー リテイリング. This added another example of implementing its policy of limiting and reducing such holdings. - FY2021AdvancedAnnual report
「Regarding regular reviews, the Board of Directors annually verifies the economic rationality of transactions and the necessity of holding each listed share held as a cross-shareholding, as appropriate, and determines whether the holding contributes to enhancing the company's corporate value.」
The company reaffirmed its policy of annual reviews by the Board of Directors and sold all shares of 4 companies during the fiscal year. - FY2020AdvancedAnnual report
「Regarding regular reviews, the Board of Directors annually verifies the economic rationality of transactions and the necessity of holding each listed share held as a cross-shareholding, as appropriate, and determines whether the holding contributes to enhancing the company's corporate value.」
The company explicitly stated that the Board of Directors annually verifies the economic rationality, necessity of holding and contribution to corporate value of cross-shareholdings. - FY2019First statedAnnual report
「The company limits its holdings of listed shares to those it deems useful and important as key business partners, where doing so maximizes the enhancement of the value of the investee companies and the company's medium- to long-term corporate value, and holds them strategically. These strategic decisions are reviewed as appropriate, and the company reduces holdings whose significance is insufficient or which do not align with its capital policy.」
The company first explicitly stated its policy of holding cross-shareholdings on a limited and strategic basis and reducing holdings whose significance is insufficient or which do not align with its capital policy.