Reviewing the Rationale for Strategic Shareholdings and Considering Sales
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「At meetings of the Company's Board of Directors held every March and September, the Company reports on the status at the end of the interim period and the fiscal year of cross-shareholdings held by the Company and its group companies, and deliberates on the appropriateness of holding each individual stock. It then considers and executes the sale or reduction of holdings whose rationale has weakened, taking into account the potential impact on the market and other factors.」
The Company continues to review cross-shareholdings from both quantitative and qualitative perspectives and deliberate on the appropriateness of holding each individual stock at Board of Directors meetings in March and September. - FY2025AdvancedAnnual report
「At meetings of the Company's Board of Directors held every March and September, the Company reports on the status at the end of the interim period and the fiscal year of cross-shareholdings held by the Company and its group companies, and deliberates on the appropriateness of holding each individual stock. It then considers and executes the sale or reduction of holdings whose rationale has weakened, taking into account the potential impact on the market and other factors.」
For cross-shareholdings, the Company has established a specific process of reviewing them from both quantitative and qualitative perspectives and deliberating on the appropriateness of holding each individual stock every March and September. - FY2023RestatedAnnual report
「At meetings of the Company's Board of Directors held every March and September, the Company reports on the status at the end of the second quarter and the fiscal year of cross-shareholdings held by the Company and its group companies, and deliberates on the appropriateness of holding each individual stock.」
The Company continues to review the appropriateness of individual cross-shareholdings at Board of Directors meetings every March and September, and to consider selling or reducing holdings whose rationale has weakened. - FY2022AdvancedAnnual report
「At meetings of the Company's Board of Directors held every March and September, the Company reports on the status at the end of the second quarter and the fiscal year of cross-shareholdings held by the Company and its group companies, and deliberates on the appropriateness of holding each individual stock.」
The Company has established a specific process of reviewing individual cross-shareholdings at Board of Directors meetings every March and September. - FY2020First statedAnnual report
「Regarding cross-shareholdings, the Board of Directors makes flexible decisions to respond promptly and appropriately to changes in the operating environment and other factors, based on whether the purpose of holding has become diluted compared with the time of acquisition and whether the benefits and risks associated with the holdings are commensurate with the cost of capital. The holdings are reviewed regularly, and the Company considers and executes sales of holdings whose rationale has weakened.」
For cross-shareholdings, the Company has stated for the first time a policy of having the Board of Directors verify the purpose of holding and whether the benefits and risks are commensurate with the cost of capital, and considering and executing sales of holdings whose rationale has weakened.