Review of Strategic Shareholdings Based on Cost of Capital and Other Factors
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the fiscal year, 1 shareholding other than unlisted shares was sold, with total proceeds of ¥258 million attributable to the reduction in the number of shares held.」
For cross-shareholdings, the Board of Directors reviewed returns, risks and the cost of capital, and sold 1 listed shareholding for ¥258 million. - FY2024AdvancedAnnual report
「During the fiscal year, 3 shareholdings other than unlisted shares were sold, with total proceeds of ¥1,969 million attributable to the reduction in the number of shares held.」
Based on the policy for reviewing cross-shareholdings, a consolidated subsidiary sold 3 listed shareholdings. - FY2023AchievedAnnual report
「All cross-shareholdings were sold during the current consolidated fiscal year.」
The filing company sold all of its cross-shareholdings, implementing its previous review policy. - FY2020AdvancedAnnual report
「Each year, the Board of Directors assesses the necessity of continuing to hold cross-shareholdings, taking into account their contribution to business operations, returns such as yield, the risk of share-price volatility and whether the holdings are commensurate with the cost of capital, and reviews whether to continue holding the shares and the number of shares held.」
In addition to the annual review policy of the Board of Directors, the filing company sold 2 listed shares during the fiscal year, for total proceeds of ¥78 million. - FY2019First statedAnnual report
「Each year, the Board of Directors assesses the necessity of continuing to hold each cross-shareholding, taking into account its contribution to business operations, returns such as yield, the risk of share-price volatility and whether the holding is commensurate with the cost of capital, and reviews whether to continue holding the shares and the number of shares held.」
The policy calls for the Board of Directors to review cross-shareholdings annually, assessing returns, share-price volatility risk and consistency with the cost of capital.