Review of the rationale for cross-shareholdings and policy on sales
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 June 2026, we thoroughly examined the financial condition of the issuing companies, the number of shares held and dividend payments, as well as the appropriateness of the purpose of holding the shares and the benefits and risks associated with holding them, based on our management policies and strategies, business activities and segments, and transaction status with the issuing companies. As of the time of this review, we determined that all holdings were consistent with our Policy on Cross-Shareholdings in Listed Shares and that each holding was appropriate and rational.」
On 15 June 2026, the Board of Directors reviewed the cross-shareholdings and determined that the holdings were appropriate and rational. The 2 issues other than unlisted shares were sold for total proceeds of ¥160 million. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 June 2025, we thoroughly examined the financial condition of the issuing companies, the number of shares held and dividend payments, as well as the appropriateness of the purpose of holding the shares and the benefits and risks associated with holding them, based on our management policies and strategies, business activities and segments, and transaction status with the issuing companies. As of the time of this review, we determined that all holdings were consistent with our Policy on Cross-Shareholdings in Listed Shares and that each holding was appropriate and rational.」
On 16 June 2025, the Board of Directors reviewed the cross-shareholdings and determined that the holdings were appropriate and rational. The sale of 1 unlisted issue and 1 listed issue was also disclosed. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 June 2022, we thoroughly examined the financial condition of the issuing companies, the number of shares held and dividend payments, as well as the appropriateness of the purpose of holding the shares and the benefits and risks associated with holding them, based on our management policies and strategies, business activities and segments, and transaction status with the issuing companies. As of the time of this review, we determined that all holdings were consistent with our Policy on Cross-Shareholdings in Listed Shares and that each holding was appropriate and rational.」
On 20 June 2022, the Board of Directors reviewed the rationale for the cross-shareholdings and determined that the holdings were appropriate and rational. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 June 2021, we thoroughly examined the financial condition of the issuing companies, the number of shares held and dividend payments, as well as the appropriateness of the purpose of holding the shares and the benefits and risks associated with holding them, based on our management policies and strategies, business activities and segments, and transaction status with the issuing companies. As of the time of this review, we determined that all holdings were consistent with our Policy on Cross-Shareholdings in Listed Shares and that each holding was appropriate and rational.」
On 21 June 2021, the Board of Directors reviewed the rationale for the cross-shareholdings and determined that all holdings were appropriate and rational. - FY2020AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 June 2020, we thoroughly examined the financial condition of the issuing companies, the number of shares held and dividend payments, as well as the appropriateness of the purpose of holding the shares and the benefits and risks associated with holding them, based on our management policies and strategies, business activities and segments, and transaction status with the issuing companies. As a result, we determined that all holdings other than the 3 issues planned for sale were consistent with our holding policy and that each holding was appropriate and rational.」
The Board of Directors reviewed the rationale for the holdings and made the specific determination to sell 3 issues. - FY2019First statedAnnual report
「To facilitate the smooth operation of our business and that of our Group, we acquire and hold shares held for purposes other than pure investment when we determine that holding them will achieve the intended objective. Each year, the Board of Directors individually reviews whether continued holdings are appropriate, and if it determines that the objective cannot be achieved, it has a policy of selling the shares after taking into account the timing of the sale and other factors.」
For cross-shareholdings, the Board of Directors reviews each year the business purpose and the benefits and risks of holding the shares, and the policy of selling them if the objective cannot be achieved was disclosed for the first time.