Reduction of cross-shareholdings and review by the Board of Directors
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「All shares in 株式会社コンコルディア・フィナンシャルグループ, Mizuho Financial Group,Inc., 株式会社三井住友フィナンシャルグループ and Resona Holdings, Inc. have been sold.」
Regarding cross-shareholdings, all shares in the 4 financial institutions held in the previous fiscal year were sold, leaving 1 listed shareholding at the end of the current fiscal year. The company continues its policy of reducing such holdings and having the Board of Directors review them annually. - FY2023RestatedAnnual report
「The cross-shareholdings currently held are not reciprocal holdings. We intend to reduce them as appropriate, taking into consideration share prices, market trends and other factors.」
The company continues its policy of reducing cross-shareholdings and having the Board of Directors review them annually against the cost of capital. - FY2022RestatedAnnual report
「The cross-shareholdings currently held are not reciprocal holdings. We intend to reduce them as appropriate, taking into consideration share prices, market trends and other factors. For each individual stock, the Board of Directors regularly reviews the rationale and necessity of continued ownership annually from a medium- to long-term perspective, comparing the expected returns with the cost of capital,」
The company continues its policy of reducing cross-shareholdings and having the Board of Directors review them annually against the cost of capital. - FY2021RestatedAnnual report
「The cross-shareholdings currently held are not reciprocal holdings. We intend to reduce them as appropriate, taking into consideration share prices, market trends and other factors. For each individual stock, the Board of Directors regularly reviews the rationale and necessity of continued ownership annually from a medium- to long-term perspective, comparing the expected returns with the cost of capital,」
The company continues its policy of reducing cross-shareholdings and having the Board of Directors review them annually against the cost of capital. - FY2019First statedAnnual report
「The cross-shareholdings currently held are not reciprocal holdings. We intend to reduce them as appropriate, taking into consideration share prices, market trends and other factors. For each individual stock, the Board of Directors regularly reviews the rationale and necessity of continued ownership annually from a medium- to long-term perspective, comparing the expected returns with the cost of capital,」
The company stated for the first time its policy of reducing cross-shareholdings and its system of reviewing each individual holding annually against the cost of capital.