Policy of Generally Not Holding Cross-Shareholdings
First written in FY2021. . Latest entry: FY2023.
The whole theme swung hardest in 2023: 3 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2023No cross-shareholdingsAnnual report
「Investments held for purposes other than pure investment There are no applicable matters.」
Although exception holdings were reported in the prior fiscal year, the company stated that there were no applicable cross-shareholdings for the current fiscal year. - FY2022Actual exception holdingsAnnual report
「Unlisted shares 3 1,715,615 Unlisted shares 1 1,195,515 Building and strengthening partnerships to create and expand business opportunities」
Although the policy of not holding cross-shareholdings in principle remains unchanged, the company held 3 unlisted shareholdings as exceptions and disclosed an increase in the number of shares held in 1 holding during the fiscal year for the purpose of building and strengthening a partnership. - FY2021First statedAnnual report
「As a general rule, we do not hold shares held for purposes other than pure investment. However, for holdings in which we can envision sustainable growth for both our corporate group and the investee, such as where holding shares of a business partner is expected to maintain and develop transactions by serving as a strategic partner for business alliances, joint research and development, or similar purposes, the Board of Directors and other bodies will conduct a comprehensive review and determine whether the holdings should be maintained.」
The company has stated that it will not, in principle, hold cross-shareholdings, while the Board of Directors and other bodies will determine whether to hold such shares when there is a rational basis for doing so as a strategic partner.