Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Shares other than unlisted shares 2 133 ... Sold during the fiscal year to unwind cross-shareholdings.」
While continuing qualitative and quantitative reviews of cross-shareholdings, the Company sold 2 holdings and also unwound cross-shareholdings. It nevertheless judged that retaining the overall shareholdings was appropriate. - FY2023RestatedAnnual report
「For each cross-shareholding, the Board of Directors verifies the qualitative rationale for holding it, including whether it will contribute to enhancing corporate value over the medium to long term, as well as quantitative factors such as returns, dividends received and the cost of holding the shares.」
The Company continues to conduct qualitative and quantitative reviews of the rationale for its cross-shareholdings and has again judged that it is appropriate to retain all holdings during the fiscal year. - FY2021AdvancedAnnual report
「For each cross-shareholding, the Board of Directors verifies the qualitative rationale for holding it, including whether it will contribute to enhancing corporate value over the medium to long term, as well as quantitative factors such as returns, dividends received and the cost of holding the shares.」
The Company has specified qualitative and quantitative methods for verifying the rationale for cross-shareholdings and judged that it was appropriate to retain all holdings during the fiscal year. - FY2019First statedAnnual report
「For securities and investment securities, including cross-shareholdings, market values and other information are reported at monthly Board of Directors meetings. The Company will proceed with reducing cross-shareholdings that do not meet the rationale for holding them.」
The Company has stated its policy of reporting the market value of cross-shareholdings monthly to the Board of Directors, verifying the rationale for holding them, and reducing holdings that do not meet that rationale.