Review of Cross-Shareholdings Based on Business Relationships and Corporate Value Enhancement
First written in FY2020. 3 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Company's policy on cross-shareholdings held for purposes other than pure investment is to hold shares strategically only when it is reasonably determined that the business relationship with the investee will develop through such shareholding and contribute to enhancing the Company's corporate value over the medium to long term.」
The company continues its policy of holding strategic shareholdings based on the development of business relationships and medium- to long-term enhancement of corporate value. - FY2024RestatedAnnual report
「With regard to the rationale for holding such shares, the Board of Directors examines, from a medium- to long-term perspective, the benefits and impairment risks associated with each individual holding. The Company will eliminate holdings that are not considered rational by selling them or taking other measures.」
The policy of reviewing the benefits and impairment risks of individual cross-shareholdings and eliminating holdings where there is no rationale continues. - FY2023RestatedAnnual report
「The Company's policy on cross-shareholdings held for purposes other than pure investment is to hold shares strategically only when it is reasonably determined that the business relationship with the investee will develop through such shareholding and contribute to enhancing the Company's corporate value over the medium to long term.」
The company continues to hold strategic shareholdings based on business relationships and medium- to long-term enhancement of corporate value, with a policy of individually assessing their benefits and impairment risk. - FY2020First statedAnnual report
「We will hold shares as strategic shareholdings only when we reasonably determine that the business relationship with the investee will develop through ownership of the shares and contribute to enhancing our corporate value over the medium to long term.」
For strategic shareholdings, the company has, for the first time, expressly stated a policy of using the development of business relationships and contribution to medium- to long-term corporate value as holding criteria, and disposing of holdings or otherwise eliminating them when their rationale cannot be established.