Verification of the Rationale for Strategic Shareholdings and Review of Holdings
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Each year, the board of directors verifies the rationality of holding cross-shareholdings by comparing dividend income, benefits derived from business relationships and risks such as share-price fluctuations with the company’s cost of capital.」
The company explicitly added comparison with its cost of capital to the verification of the rationality of cross-shareholdings, alongside dividend income, business benefits and share-price fluctuation risk. - FY2025RestatedAnnual report
「For each individual stock, the company reviews the rationality of continuing to hold it and the number of shares held, using the purpose of the holding, unrealised gains and losses, and transaction volumes as evaluation criteria.」
The company continues its policy of verifying the rationality of cross-shareholdings and reviewing the number of shares held based on the purpose of the holding, unrealised gains and losses, and transaction volumes. There were no stocks whose number of shares increased or decreased during the period. - FY2024RestatedAnnual report
「For each individual stock, the company reviews the rationality of continuing to hold it and the number of shares held, using the purpose of the holding, unrealised gains and losses, and transaction volumes as evaluation criteria.」
The company continues its policy of verifying the rationality of cross-shareholdings and reviewing the number of shares held based on the purpose of the holding, unrealised gains and losses, and transaction volumes. There were no stocks whose number of shares increased or decreased during the fiscal year. - FY2022Sold 1 strategic shareholdingAnnual report
「For each individual stock, the company reviews the rationality of continuing to hold it and the number of shares held, using the purpose of the holding, unrealised gains and losses, and transaction volumes as evaluation criteria.」
The company reconfirmed its policy for verifying the rationality of cross-shareholdings and sold 1 non-listed-excluded stock during the fiscal year. - FY2021First statedAnnual report
「The company verifies the rationality of holding each individual stock by considering its purpose and effectiveness. It holds listed shares as cross-shareholdings only when it considers them rational, taking into account business needs such as maintaining and strengthening business relationships, including the number of shares held.」
The company newly disclosed a policy of reviewing the rationality of continuing to hold cross-shareholdings and the number of shares held, using the purpose and effectiveness of the holdings, unrealised gains and losses, and transaction volumes as evaluation criteria.