Policy of Verifying the Rationale for Cross-Shareholdings Without Impeding Sales
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Board of Directors meeting was held on 15 July 2025. The company determined that most of the holdings subject to verification were appropriate in light of the significance of its holdings, but executed sales of shares for which the appropriateness of retention could not be confirmed.」
The company conducted a rationale review of cross-shareholdings and executed sales of shares for which the appropriateness of retention could not be confirmed. It sold 1 unlisted holding for ¥11.750 million. - FY2025AdvancedAnnual report
「The Board of Directors meeting was held on 18 July 2024. The company determined that most of the holdings subject to verification were appropriate in light of the significance of its holdings, but executed sales of shares for which the appropriateness of retention could not be confirmed.」
The company conducted a rationale review of cross-shareholdings and sold shares for which the appropriateness of retention could not be confirmed. It sold 3 holdings other than unlisted shares, for total proceeds of ¥33.659 million. - FY2023AdvancedAnnual report
「The Board of Directors meeting was held on 14 March 2023. The company determined that most of the holdings subject to verification were appropriate in light of the significance of its holdings, but will consider selling shares for which the appropriateness of retention cannot be confirmed. In terms of economic rationale, the holdings whose significance was confirmed to be appropriate exceeded the target.」
The company conducted a rationale review of cross-shareholdings and continues to consider selling shares for which the appropriateness of retention cannot be confirmed. It sold 2 holdings during the current fiscal year. - FY2021AdvancedAnnual report
「The company determined that most of the holdings subject to verification were appropriate in light of the significance of its holdings, but will consider selling shares for which the appropriateness of retention cannot be confirmed in the future.」
The company conducted a rationale review of cross-shareholdings based on transaction value and dividends, sold 1 holding during the current fiscal year, and disclosed that it will consider selling shares for which the appropriateness of retention cannot be confirmed. - FY2020AdvancedAnnual report
「For cross-shareholdings, the company verifies the significance and economic rationale of the holdings from the perspectives of profitability and strengthening business relationships, among others, and will consider selling holdings whose retention is not deemed appropriate. ... The company will consider selling shares for which the appropriateness of retention cannot be confirmed in the future.」
The company specifically discloses its verification method based on transaction value and dividends, and its consideration of selling holdings for which the appropriateness of retention cannot be confirmed. - FY2019First statedAnnual report
「The company reports to and verifies with the Board of Directors each year the appropriateness and rationale of its purposes for holding cross-shareholdings. If a shareholder that holds the company's shares as a cross-shareholding indicates an intention to sell the shares or otherwise dispose of them, the company will not impede the sale.」
The company discloses its policy of verifying the rationale for cross-shareholdings annually at Board of Directors meetings and not impeding the counterparty's intention to sell.