Reviewing the rationale for strategic shareholdings and reducing holdings that do not meet the criteria
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Shares other than unlisted shares 2 1,998」
The company continued the Board of Directors' annual review of the rationale for cross-held shares. During the current period, it sold 2 holdings other than unlisted shares, for total proceeds of ¥1,998 million. - FY2023RestatedAnnual report
「The Board of Directors verifies each cross-held shareholding every year in accordance with the above policy on cross-holdings and discloses an overview of the results.」
The company continues its policy of annually verifying the alignment of cross-held shares with business relationships, benefits and risks, and the cost of capital, and reducing non-compliant holdings on a company-by-company basis. - FY2021First statedAnnual report
「We may acquire and hold shares of a business partner where, after comprehensively verifying the purpose of maintaining and strengthening stable, long-term business relationships with the business partner and whether the benefits and risks associated with holding the shares are commensurate with the cost of capital, we determine that doing so will contribute to improving our corporate value over the medium to long term. Where a holding does not comply with the above policy, we will reduce it on a company-by-company basis.」
The company specified a policy of verifying the alignment of cross-held shares with business relationships, benefits and risks, and the cost of capital, and reducing holdings on a company-by-company basis where they are not aligned.