Reviewing the Rationale for Cross-Shareholdings and Considering Reductions
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026Sale of 1 holdingAnnual report
「(Issues for which the number of shares decreased during the fiscal year) Unlisted shares 1 476,452」
During the fiscal year, the company sold 1 issue of unlisted shares. The policy of verifying the rationale for holding shares and considering reductions remains in place, and the number of listed shareholdings was 4 at the end of the fiscal year. - FY2023RestatedAnnual report
「At present, there are no shares for which the rationale for holding them is not recognized. However, if changes in the business environment surrounding the Group or its investees mean that certain shares no longer serve those purposes and are considered to lack a rationale for holding them, we will consider reducing those holdings after individual scrutiny by the Board of Directors, attended by outside Audit & Supervisory Board Members.」
The company continues to have the responsible departments verify the rationale for policy-held shares and, where no rationale is recognized, have the Board of Directors, attended by outside Audit & Supervisory Board Members, scrutinize the holdings and consider reducing them. - FY2021First statedAnnual report
「Each responsible department is verifying the rationale for holding shares based on whether they contribute to the medium- to long-term enhancement of the corporate value of both the Group and its investees. At present, there are no shares for which the rationale for holding them is not recognized. However, if changes in the business environment surrounding the Group or its investees mean that certain shares no longer serve those purposes and are considered to lack a rationale for holding them, we will consider reducing those holdings after individual scrutiny by the Board of Directors, attended by outside Audit & Supervisory Board Members.」
For policy-held shares held to maintain business relationships and understand the business environment, the company has disclosed for the first time its policy of having the responsible departments verify the rationale for holding them and, where no rationale is recognized, having the Board of Directors scrutinize and consider reducing the holdings.