Reviewing the Rationale for Cross-Shareholdings and Reducing Holdings
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「(Issues for which the number of shares decreased during the fiscal year) Shares other than unlisted shares 3 25」
The company continued its policy of reviewing cross-shareholdings and sold shares in 3 listed companies during the fiscal year, disclosing total sale proceeds of ¥25 million. - FY2021AdvancedAnnual report
「After reviewing the rationale and necessity of the holdings, we sold the shares during the fiscal year.」
After reviewing the rationale and necessity of the reporting company’s cross-shareholdings, it sold shares in Shiseido Company, Limited and Mitsui Chemicals, Inc. during the fiscal year. - FY2020AdvancedAnnual report
「Kanaden Co., Ltd. - 8,000 After reviewing the rationale and necessity of the holding, we sold the shares during the fiscal year. NS United Kaiun Kaisha, Ltd. - 1,600 After reviewing the rationale and necessity of the holding, we sold the shares during the fiscal year.」
After reviewing the rationale and necessity of its cross-shareholdings, the company sold shares in 2 listed companies during the fiscal year. - FY2019First statedAnnual report
「For cross-shareholdings, we scrutinize profitability for each investee company every year, review our holding policy based on the results and report the results to the Board of Directors. We intend to progressively reduce holdings that we determine have lost their rationale and no longer need to be retained.」
The company stated for the first time its policy of scrutinizing the profitability of cross-shareholdings each year, reporting the results to the Board of Directors and progressively reducing holdings whose rationale has diminished.