Annual Review of Strategic Shareholdings and Policy to Reduce Holdings
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual 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 discloses that, following its annual Board of Directors review of cross-shareholdings, it determined that continuing to hold the shares held at the end of February 2024 was appropriate. - FY2023RestatedAnnual report
「As of the end of February 2023, the company determined, based on its review, that continuing to hold its cross-shareholdings was appropriate.」
The company discloses that, following its annual Board of Directors review of cross-shareholdings, it determined that continuing to hold the shares held at the end of February 2023 was appropriate. - FY2022AdvancedAnnual report
「As of the end of February 2022, the company determined, based on its review, that continuing to hold its cross-shareholdings was appropriate.」
The company discloses that, following its annual Board of Directors review of cross-shareholdings, it determined that continuing to hold the shares held at the end of the current fiscal year was appropriate. - FY2020First statedAnnual report
「For each listed shareholding, the Company annually reviews its rationale for holding the shares at a Board of Directors meeting, taking into account qualitative factors related to its long-term business and financial strategies, as well as quantitative factors such as dividend income and other economic rationality. Based on the results, our basic policy is to review holdings, including by reducing them, while taking into account stock market conditions and other factors when the rationale for holding them is not recognized.」
For the first time, the company has identified cross-shareholdings as a separate theme, stating that the Board of Directors reviews their strategic significance and economic rationality each year and that holdings will be reduced if their rationale is not recognized.