Review of the Rationale for Strategic Shareholdings Held for Business and Alliance Purposes
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「For each individual strategic shareholding, the company verifies whether the benefits and risks associated with the holding are commensurate with the cost of capital and, every fiscal year, the Board of Directors reviews the results of these verifications and the significance of the holdings at the beginning of the fiscal year.」
The company continues its policy of having the Board of Directors review each fiscal year the benefits and risks of cross-shareholdings in comparison with the cost of capital, with the purpose of maintaining and strengthening business and alliance relationships. - FY2021RestatedAnnual report
「For each individual strategic shareholding, the company verifies whether the purpose of holding the shares is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital, and the Board of Directors reviews the results of these verifications and the significance of the holdings.」
The company has reaffirmed its policy of reviewing cross-shareholdings at Board of Directors meetings, with the purpose of maintaining and strengthening business and alliance relationships and by comparing the benefits and risks with the cost of capital. - FY2019First statedAnnual report
「The group holds shares in business partners and other parties when it determines that doing so will contribute to increasing corporate value over the medium to long term, such as by building stable, long-term business relationships with business partners or strengthening relationships through business alliances. For each individual strategic shareholding, the group verifies whether the purpose of holding the shares is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. The Board of Directors reviews the results of these verifications and the significance of the holdings.」
The company has disclosed, for the first time as an independent topic, its policy of reviewing the rationale for cross-shareholdings at Board of Directors meetings, including by comparing the benefits and risks with the cost of capital, with the purpose of maintaining and strengthening business and alliance relationships.