Review of the Economic Rationale for Strategic Shareholdings and Policy for Reducing Them
First written in FY2022. 3 of 4 entries say "Mitigated", first in FY2023. Latest entry: FY2025.
- FY2025MitigatedAnnual report
「Regarding the appropriateness of cross-shareholdings, the purpose of holding 1 issue was found to have become less significant. Following a comprehensive review, the company determined that continued ownership was not rational and sold it.」
Based on the annual review of the rationale for cross-shareholdings, the company sold 1 issue whose ownership purpose had become less significant. - FY2024MitigatedAnnual report
「Regarding the appropriateness of cross-shareholdings, the purpose of holding 13 issues was found to have become less significant. Following a comprehensive review, the company determined that continued ownership of 12 issues was not rational and sold them. Part of 1 issue was also sold.」
The company proceeded with its review of the rationale for cross-shareholdings, fully selling 12 of the 13 issues whose ownership purpose had become less significant and partially selling 1 issue. - FY2023MitigatedAnnual report
「Regarding the appropriateness of cross-shareholdings, the purpose of holding 3 issues was found to have become less significant. Following a comprehensive review, 2 issues had been sold by April 2023, and part of 1 issue had been sold.」
Based on the annual review of the rationale for cross-shareholdings, the company sold 2 of the 3 issues whose ownership had become less significant and partially sold 1 issue. - FY2022First statedAnnual report
「Under its basic policy of disposing of or reducing cross-shareholdings considered to have little significance as promptly as possible, the company annually examines the purpose and economic rationale of each cross-shareholding and reviews whether continued ownership is appropriate and the number of shares held.」
The company described for the first time in detail its policy on cross-shareholdings, which are held for business relationships, synergies, and securing human resources and technology, under which the holdings are reviewed annually and considered for sale if, among other circumstances, their return falls below 50% of the standalone 3-year average ROA.