Verification of the Rationale for Holding Cross-Shareholdings
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2023.
- FY2023New acquisition of strategic shareholdingsAnnual report
「Reason for increase in number of shares: acquisitions by the business partner shareholding association and new acquisitions for information-gathering purposes」
In addition to acquisitions by the business partner shareholding association, the Company has made new acquisitions of cross-shareholdings to gather information on new businesses, operational efficiency and the rental business. - FY2022RestatedAnnual report
「As a method for verifying the rationality of the Company's holdings of investment shares held for purposes other than pure investment, the Company conducts reviews from time to time at the Executive Committee based on the criteria in ① above. If changes occur in the circumstances of business partners or otherwise, the Internal Audit Office reports the matter, and the Company carefully determines from a medium- to long-term perspective whether continued ownership is appropriate, taking current business relationships and other factors into account. The matter is reported to the Board of Directors for a final decision.」
The policy of verifying the rationality of continued ownership of cross-shareholdings through the Executive Committee, Internal Audit Office and Board of Directors has been reconfirmed. - FY2020RestatedAnnual report
「As a method for verifying the rationality of the Company's holdings of investment shares held for purposes other than pure investment, the Company conducts reviews from time to time at the Executive Committee based on the criteria in ① above. If changes occur in the circumstances of business partners or otherwise, the Internal Audit Office reports the matter, and the Company carefully determines from a medium- to long-term perspective whether continued ownership is appropriate, taking current business relationships and other factors into account. The matter is reported to the Board of Directors for a final decision.」
The policy of verifying the rationality of continued ownership of cross-shareholdings through the Executive Committee, Internal Audit Office and Board of Directors, taking returns and risks into account, has been reconfirmed. - FY2019First statedAnnual report
「To facilitate the smooth operation of its businesses and ensure more stable corporate management for the sustainable enhancement of corporate value, the Company may acquire shares of business partners and other parties. However, it verifies whether continued ownership is appropriate from a medium- to long-term perspective, taking returns and risks into account, and considers and determines the matter in light of market trends.」
The Company presented for the first time, as a separate disclosure, its policy of verifying the appropriateness of continued ownership of cross-shareholdings held to facilitate business relationships and financial activities, taking returns and risks into account.