Use of Strategic Shareholdings Premised on Capital and Business Alliances, and Annual Review
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2023.
- FY2023RestatedAnnual report
「Regarding the review by the Board of Directors and other bodies of whether holdings should be retained, the company monitors the status of transactions with investee companies once a year as a quantitative assessment. As a qualitative assessment, it determines the status of sales, technical and other activities, examines the rationale and necessity of the holdings, and has the Board of Directors decide whether to continue the cross-shareholdings.」
The company states its policy of continuing to conduct annual quantitative and qualitative assessments of cross-shareholdings based on capital and business alliances and having the Board of Directors decide whether to continue holding them. - FY2021AdvancedAnnual report
「Regarding the review by the Board of Directors and other bodies of whether holdings should be retained, the company monitors the status of transactions with investee companies once a year as a quantitative assessment. As a qualitative assessment, it determines the status of sales, technical and other activities, examines the rationale and necessity of the holdings, and has the Board of Directors decide whether to continue the cross-shareholdings.」
The company has specified the review procedures for cross-shareholdings based on capital and business alliances, consisting of annual quantitative and qualitative assessments and a Board of Directors decision on whether to continue holding them. - FY2020First statedAnnual report
「Accordingly, securing partner companies is necessary to expand existing business areas, while cooperation with companies possessing advanced technologies is necessary to rapidly develop new fields. In conducting its business, the company may hold shares for purposes other than pure investment, based on capital and business alliances.」
For the expansion of existing businesses and development of new fields, the company newly provided a consolidated description of its policy of holding cross-shareholdings based on capital and business alliances and reviewing the status of transactions and sales and technical activities once a year.