Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
- FY2025RestatedAnnual report
「As there are currently no shares held, this disclosure has been omitted.」
Following reviews of the rationality of cross-shareholdings and reductions in holdings, the company continues to hold no shares. - FY2023AdvancedAnnual report
「As there are currently no shares held, this disclosure has been omitted.」
The disclosure states that, following reviews of the rationality of cross-shareholdings and reductions in holdings for which no rationality was recognized, there are currently no shares held. - FY2022First statedAnnual report
「We hold shares held for purposes other than pure investment only where there is a rational basis for the purpose of holding them, such as maintaining and strengthening business alliances and transactions, and plan to reduce holdings for which such a rationale is no longer recognized. Each year, the Accounting and Finance Department reviews holdings from this perspective, examining the performance of the investee, the status of transactions with our company, the market price of the shares, dividend payments and other matters, and submits the matter to the Board of Directors as necessary.」
For cross-shareholdings, the rationality of the purpose of holding each investment is reviewed annually, and holdings for which rationality is no longer recognized are to be reduced. The disclosure states that all shares in Seven & i Holdings Co., Ltd. were sold following the review.