Verification of the Rationale for Holding Cross-Shareholdings
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026Reviewed at the Board of Directors meeting in January 2026Annual report
「The Company reviewed the purpose of holding individual issues and the associated benefits at the 1,286th meeting of the Board of Directors in January 2026 and confirmed the rationality of continuing to hold them.」
Regarding strategic shareholdings, the Company reviewed the purpose and benefits of holding individual issues at a Board of Directors meeting in January 2026 and confirmed their rationality. It also disclosed the acquisition of 1 unlisted issue and reductions in 1 unlisted issue and 1 listed issue. - FY2025Reviewed at the Board of Directors meeting in April 2025Annual report
「The Company reviewed the purpose of holding individual issues and the associated benefits at the 1,274th meeting of the Board of Directors in April 2025 and confirmed the rationality of continuing to hold them.」
Regarding strategic shareholdings, the Company reviewed the purpose and benefits of holding individual issues at a Board of Directors meeting in April 2025 and confirmed their rationality. - FY2024AdvancedAnnual report
「The Company reviewed the purpose of holding individual issues and the associated benefits at the 1,255th meeting of the Board of Directors in April 2024 and confirmed the rationality of continuing to hold them.」
Regarding strategic shareholdings, the Company reviewed the purpose and benefits of holding individual issues at a Board of Directors meeting in April 2024 and confirmed their rationality. - FY2023AdvancedAnnual report
「The Company reviewed the purpose of holding individual issues and the associated benefits at the 1,238th meeting of the Board of Directors in May 2023 and confirmed the rationality of continuing to hold them.」
Regarding the annual review of strategic shareholdings, the Company conducted a review at a Board of Directors meeting in May 2023 and confirmed the rationality of continuing to hold them. It also disclosed a reduction in the number of shares held in 3 issues other than unlisted shares. - FY2020AdvancedAnnual report
「Based on the results of the review conducted during the fiscal year, the Company determined that all of the issues reviewed contributed to increasing corporate value and confirmed the appropriateness of the determination.」
Regarding the annual review of strategic shareholdings, the Company specifically stated that, based on the results of the review for the fiscal year, it confirmed the appropriateness of holding all of the issues reviewed. - FY2019First statedAnnual report
「Each year, the Company examines individual strategic shareholdings in detail at meetings of the Board of Directors from a medium- to long-term perspective, assessing whether the purpose of holding them is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital, and verifies whether continuing to hold them is appropriate.」
The Company explicitly stated its policy of annually verifying at meetings of the Board of Directors the purpose, benefits and risks of strategic shareholdings and their consistency with the cost of capital.