Annual Review of the Rationale for Cross-Shareholdings and Policy of Reducing Them
First written in FY2023. 2 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company has determined, based on its review, that continued ownership is appropriate for the cross-shareholdings held as of the end of February 2026.」
The company continued its annual Board of Directors review of cross-shareholdings and determined that continued ownership of the holdings as of the end of February 2026 was appropriate. - FY2025RestatedAnnual report
「The company has determined, based on its review, that continued ownership is appropriate for the cross-shareholdings held as of the end of February 2025.」
The company continued its annual Board of Directors review of cross-shareholdings and determined that continued ownership of the holdings as of the end of February 2025 was appropriate. - FY2024AdvancedAnnual report
「The company has determined, based on its review, that continued ownership is appropriate for the cross-shareholdings held as of the end of February 2024.」
The company conducted its annual Board of Directors review of cross-shareholdings and determined that continued ownership of the holdings as of the end of February 2024 was appropriate. - FY2023First statedAnnual report
「For listed shares, the company annually reviews the rationale for continued holdings at meetings of the Board of Directors for each individual issue, taking into account qualitative aspects related to long-term business and financial strategies, as well as quantitative aspects such as dividend income and other economic rationality. Based on the results, its basic policy is to review holdings, including by reducing them, when continued ownership is not considered meaningful, while taking market conditions and other factors into account.」
For the first time, the company explicitly stated its basic policy of reviewing cross-shareholdings annually at Board of Directors meetings from both business and financial strategy and economic rationality perspectives, and reducing holdings where they have no meaningful purpose.