Review and consideration of sales of cross-held shares to enhance corporate value
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Regarding the holdings as of 31 March 2025, the company individually reviewed whether each holding remained appropriate and confirmed that all holdings were appropriate to retain.」
The Board continues to review policy-held shares on a quarterly basis and has confirmed that retaining all holdings as of the end of March 2025 remains appropriate. - FY2023RestatedAnnual report
「Regarding the holdings as of 31 March 2023, the company individually reviewed whether each holding remained appropriate and confirmed that all holdings were appropriate to retain.」
The company continues its quarterly Board of Directors reviews of cross-held shares and has confirmed that all holdings as of the end of March 2023 were appropriate to retain. - FY2021RestatedAnnual report
「For shares held, the Board of Directors conducts a quarterly comprehensive assessment of their purpose, the status of funding obtained from each financial institution, current and future business relationships, the impairment risk arising from share price declines associated with the recent COVID-19 pandemic, medium- to long-term economic rationality and future prospects, and return and risk factors including dividends and share price fluctuations, and determines whether they should continue to be held.」
The company continues its quarterly Board of Directors reviews of cross-held shares and includes share price declines and impairment risk associated with the pandemic among the factors assessed. It has confirmed that all holdings as of the end of March 2021 were appropriate to retain. - FY2020AdvancedAnnual report
「The Board of Directors reviews the holdings on a quarterly basis, comprehensively considering their purpose, as well as the other relevant factors, and determines whether they should continue to be held. Regarding the holdings as of 31 March 2020, the company individually reviewed whether each holding remained appropriate and confirmed that all holdings were appropriate to retain.」
The company disclosed quarterly Board of Directors reviews of cross-held shares and confirmed that all holdings as of the end of March 2020 were appropriate to retain. - FY2019First statedAnnual report
「The company holds shares for purposes including strengthening stable and ongoing relationships with financial institutions and other parties, with the aim of enhancing corporate value. However, it will consider selling holdings where it determines that the rationale for holding them is not necessarily sufficient. The Board of Directors reviews the holdings by comprehensively considering their purpose and other relevant factors, and determines whether they should continue to be held.」
The company has stated a policy of reviewing cross-held shares at Board of Directors meetings to determine whether continued ownership is necessary for the purpose of enhancing corporate value, and considering the sale of holdings with limited strategic significance.