Review of Continued Holding, Reduction and Unwinding of Strategic Shareholdings
First written in FY2018. 3 of 6 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026RestatedAnnual report
「In light of the position at the end of the most recent fiscal year, the Board of Directors conducts an individual quantitative assessment each year by comparing dividends, transaction profits and valuation gains or losses with the cost of capital, adds a qualitative assessment of principal transactions and other matters, and verifies the rationale for holding the shares.」
The Company continues to verify the rationale for holding cross-shareholdings through annual quantitative assessments against the cost of capital and qualitative assessments. No holdings decreased during the fiscal year. - FY2025AdvancedAnnual report
「Shares whose number decreased during the fiscal year Shares other than unlisted shares 1」
During the fiscal year, the Company reduced its holding in 1 listed company as part of its cross-shareholdings. It quantitatively assesses each holding against the cost of capital and verifies the rationale for holding it. - FY2024AdvancedAnnual report
「In light of the position at the end of the most recent fiscal year, the Board of Directors conducts an individual quantitative assessment each year by comparing dividends, transaction profits and valuation gains or losses with the cost of capital, adds a qualitative assessment of principal transactions and other matters, and verifies the rationale for holding the shares.」
The Company continues to conduct annual quantitative and qualitative assessments and individual reviews by the Board of Directors of cross-shareholdings, and disclosed during the fiscal year that its holdings decreased in 1 unlisted company and 1 listed company. - FY2020RestatedAnnual report
「At least once a year, the Company conducts the assessments prescribed in its internal rules, verifies their economic rationale from a medium- to long-term perspective, and then decides whether to continue holding them.」
The policy of conducting regular quantitative and qualitative assessments of cross-shareholdings and deciding whether to continue holding, reduce or dispose of them remains in place. - FY2019AdvancedAnnual report
「At least once a year, the Company conducts the assessments prescribed in its internal rules, verifies their economic rationale from a medium- to long-term perspective, and then decides whether to continue holding them.」
For cross-shareholdings, quantitative and qualitative assessments at least once a year and individual reviews by the Board of Directors have been specified. - FY2018First statedAnnual report
「For major investments in shares held for purposes other than pure investment, the Board of Directors reviews their medium- to long-term economic rationale and future prospects once a year and, based on the results, deliberates whether to continue holding or dispose of them, including reducing or increasing the holdings.」
The policy states that the Board of Directors will deliberate annually, based on its review, whether to continue holding, reduce, increase or dispose of cross-shareholdings.