Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1RestatedAnnual report
「There have been no material changes to the management policies, management strategies or other matters established by our group during the interim consolidated accounting period.」
The report states that there were no material changes to management policies, management strategies or other related matters, and indicates no changes to the policy of reviewing the rationale for policy-held shares and reducing holdings. - FY2026RestatedAnnual report
「The Group intends to dispose of or reduce, as promptly as possible, shares whose significance as holdings is considered limited. Accordingly, each fiscal year the Board of Directors examines, for each individual issue, whether the purpose of holding the shares remains appropriate in light of the current situation, as well as the balance between the risks and benefits of holding them and the cost of capital, and reviews whether the holdings should be retained.」
The Company continued its annual Board of Directors review of policy-held shares and its policy of disposing of or reducing holdings whose significance is limited. - FY2024RestatedAnnual report
「The Group intends to dispose of or reduce, as promptly as possible, shares whose significance as holdings is considered limited. Accordingly, each fiscal year the Board of Directors examines, for each individual issue, whether the purpose of holding the shares remains appropriate in light of the current situation, as well as the balance between the risks and benefits of holding them and the cost of capital, and reviews whether the holdings should be retained.」
The Company continued its policy on policy-held shares of having the Board of Directors review the cost of capital, benefits, risks and purpose of holding them each fiscal year, and reducing holdings whose significance is limited. - FY2022First statedAnnual report
「The rationality of holding the shares is reviewed comprehensively by the Company's Board of Directors, taking into account the trading relationship, benefits in light of the cost of capital, and the risks associated with holding the shares. When the review concludes that the rationale for holding them is limited, the Company proceeds with reducing its holdings.」
The Company stated its policy of having the Board of Directors review policy-held shares based on the business relationship, benefits in light of the cost of capital, and risks, and reducing holdings where the rationale is limited. It sold several holdings during the fiscal year.