Assessing the rationale for strategic shareholdings
First written in FY2019. 6 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For shares held as of 31 March 2026, the Board of Directors, at its meeting held in May 2026, individually verified business performance, returns from holding the shares, synergies, risks, and other factors from the perspectives of medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirmed the rationale for holding them.」
For cross-shareholdings, individual reviews of the rationale for each issue were conducted at the Board of Directors meeting in May 2026, and the acquisition of 1 unlisted shareholding and a reduction in 3 listed shareholdings were disclosed. - FY2025AdvancedAnnual report
「For shares held as of 31 March 2025, the Board of Directors, at its meeting held in June 2025, individually verified business performance, returns from holding the shares, synergies, risks, and other factors from the perspectives of medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirmed the rationale for holding them.」
At the Board of Directors meeting in June 2025, individual reviews of cross-shareholdings were conducted, and the acquisition of 1 unlisted shareholding for the purpose of developing international talent was also disclosed. - FY2024AdvancedAnnual report
「For shares held as of 31 March 2024, the Board of Directors, at its meeting held in June 2024, individually verified business performance, returns from holding the shares, synergies, risks, and other factors from the perspectives of medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirmed the rationale for holding them.」
At the Board of Directors meeting in June 2024, individual reviews of cross-shareholdings were also conducted, and the acquisition of 1 unlisted shareholding and a reduction in 2 shareholdings were disclosed. - FY2023AdvancedAnnual report
「For shares held as of 31 March 2023, the Board of Directors, at its meeting held in June 2023, individually verified business performance, returns from holding the shares, synergies, risks, and other factors from the perspectives of medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirmed the rationale for holding them.」
For cross-shareholdings, individual reviews and confirmation of their rationale were also conducted at the Board of Directors meeting in June 2023. The acquisition of 1 unlisted shareholding was also disclosed for the purpose of building a collaborative relationship to create mobility. - FY2022AdvancedAnnual report
「For shares held as of 31 March 2022, the Board of Directors, at its meeting held in June 2022, individually verified business performance, returns from holding the shares, synergies, risks, and other factors from the perspectives of medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirmed the rationale for holding them.」
For cross-shareholdings, individual reviews were conducted at the Board of Directors meeting in June 2022, and the rationale for holding them was confirmed. A reduction in 2 listed shareholdings was also disclosed. - FY2020AdvancedAnnual report
「For shares held as of 31 March 2020, the Board of Directors, at its meeting held in June 2020, individually verified business performance, returns from holding the shares, synergies, risks, and other factors from the perspectives of medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirmed the rationale for holding them.」
For cross-shareholdings, the Board of Directors individually reviewed the economic rationale, returns, synergies, and risks of each issue at its June 2020 meeting. - FY2019First statedAnnual report
「With respect to shareholdings, the Board of Directors verifies whether they contribute to enhancing corporate value from the perspectives of long-term and medium- to long-term economic rationality and the relationship between business partners and the Group's businesses, and confirms the purpose and rationale for holding them.」
A policy was set out for the Board of Directors to verify the economic rationale, business relationships, returns, synergies, and risks associated with cross-shareholdings.