Holding the Minimum Necessary Cross-Shareholdings and Verifying Their Rationale
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
- FY2022AdvancedAnnual report
「Each fiscal year, we review the significance of holding each strategic shareholding. Based on the review as of 31 March 2022, we confirmed that all strategic shareholdings currently held serve purposes consistent with our holding policy.」
We conduct an individual review of each strategic shareholding every fiscal year and confirmed consistency with our holding policy. We also newly acquired shares in NICE for the purpose of a capital and business alliance. - FY2019First statedAnnual report
「We consider holding strategic shareholdings when we determine that they are necessary for the medium- to long-term development of our group. We decide whether to make an investment after comprehensively considering the benefits to our group from strengthening business relationships, the investment amount and other factors. We limit our holdings to the minimum necessary and exercise voting rights after appropriately determining how to vote on each proposal, taking into account the investee company's business conditions and other factors from the perspective of enhancing its corporate value over the medium to long term.」
For strategic shareholdings, we recorded for the first time our policy of limiting holdings to the minimum necessary after considering the benefits arising from business relationships and the investment amount, as well as reviewing the rationale for holdings each fiscal year.