Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「As a result, the Company seeks to reduce, through sales or other means, holdings of shares that no longer conform to the original purpose of acquiring them. The results of the review are reported to the Board of Directors annually.」
It continued the annual review of the rationale for all holdings and reporting to the Board of Directors, and during the current period sold 3 listed shareholdings for total proceeds of ¥138 million. - FY2023AdvancedAnnual report
「As a result, the Company seeks to reduce, through sales or other means, holdings of shares that no longer conform to the original purpose of acquiring them. The results of the review are reported to the Board of Directors annually.」
It continues the practice of reporting the annual review of the rationale for all policy-held shares to the Board of Directors, and during the current period sold 1 unlisted shareholding for ¥20 million. - FY2021RestatedAnnual report
「For all shares of business partners held by the Company, the Corporate Planning Division reviews the status of each holding once a year with the department principally responsible for the relevant business relationship, taking into account the original purpose of acquiring the shares, current transaction amounts and the status of transactions, including transaction details, and economic rationality based on factors such as the cost of capital. As a result, the Company seeks to reduce holdings, through sales or other means, when holding the relevant shares no longer conforms to the original purpose of acquiring them.」
It continues its policy of reviewing all policy-held shares annually and selling or otherwise reducing holdings that no longer conform to the purpose for which they are held. - FY2020RestatedAnnual report
「For all shares of business partners held by the Company, the Corporate Planning Division reviews the status of each holding once a year with the department principally responsible for the relevant business relationship, taking into account the original purpose of acquiring the shares, current transaction amounts and the status of transactions, including transaction details, and economic rationality based on factors such as the cost of capital.」
It continues its policy of reviewing all policy-held shares annually and selling or otherwise reducing holdings that no longer conform to the purpose for which they are held. - FY2019First statedAnnual report
「For all shares of business partners held by the Company, the Corporate Planning Department reviews the status of each holding once a year with the department principally responsible for the relevant business relationship, taking into account the original purpose of acquiring the shares, current transaction amounts and the status of transactions, including transaction details, and economic rationality based on factors such as the cost of capital. As a result, the Company seeks to reduce holdings, through sales or other means, when holding the relevant shares no longer conforms to the original purpose of acquiring them.」
For the first time, it explicitly states its policy of annually verifying the rationale for all policy-held shares and selling or otherwise reducing holdings that no longer serve their purpose.