Limited Holdings and Reduction Policy for Cross-Shareholdings
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「As its basic policy regarding cross-shareholdings, the company limits its holdings to shares of companies with which it needs to strengthen relationships to enhance corporate value, and shares of business entities that contribute to the local communities in its operating areas. If the company determines that a holding no longer conforms to this policy, it will reduce the holding in stages.」
The company continues its policy of limiting cross-shareholdings, reducing holdings that no longer conform to the policy, and conducting an annual review by the Board of Directors. - FY2021RestatedAnnual report
「The Board of Directors reviews each year whether such holdings should be maintained, from the perspective of medium- to long-term economic rationality, taking into account share prices, dividends, business relationships and other factors, as well as returns and risks. This was reviewed at the Board meeting held on 24 September 2020.」
The company continues its policy of limiting cross-shareholdings, reducing holdings that no longer conform to the policy, and having the Board of Directors review annually whether each holding should be maintained. - FY2020First statedAnnual report
「As its basic policy regarding cross-shareholdings, the company limits its holdings to shares of companies with which it needs to strengthen relationships to enhance corporate value, and shares of business entities that contribute to the local communities in its operating areas. If the company determines that a holding no longer conforms to this policy, it will reduce the holding in stages. The Board of Directors reviews each year whether such holdings should be maintained, from the perspective of medium- to long-term economic rationality, taking into account share prices, dividends, business relationships and other factors, as well as returns and risks.」
The company has stated a policy of limiting cross-shareholdings to issues necessary for strengthening relationships and contributing to local communities, reducing holdings that no longer conform to the policy, and conducting an annual review by the Board of Directors.