Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 10 of 15 entries say "Advanced", first in FY2020. Latest entry: FY2026.
3 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「At the announcement of full-year results for fiscal 2025 on 14 May 2026, the Company announced that it aims to sell approximately ¥90 billion during the medium-term management plan period, an increase of ¥40 billion from the plan.」
The sales target for cross-shareholdings during the medium-term management plan period was raised from at least ¥50 billion to approximately ¥90 billion, an increase of ¥40 billion from the plan. - FY2024RaisedAnnual report
「Cumulative sales over the 3 years under the reduction target of the previous medium-term management plan (2021–2023), which called for sales of at least ¥30 billion, amounted to ¥53.3 billion, exceeding the target. Under the Kajima Group Medium-Term Management Plan (2024–2026)－Further Strengthening the Core and Pioneering the Future－, announced on 14 May 2024, the Company aims to reduce cross-shareholdings to less than 20% of consolidated net assets by the end of fiscal 2026, plans to sell at least ¥50 billion during the plan period, and will continue reducing the holdings after reaching the target.」
The previous plan's target of selling at least ¥30 billion was exceeded, with cumulative sales of ¥53.3 billion. The new plan sets new reduction targets of less than 20% of consolidated net assets by the end of fiscal 2026 and sales of at least ¥50 billion during the plan period. - FY2024-Q3AdvancedAnnual report
「During the nine-month period of the third quarter of the current consolidated fiscal year, 20 cross-shareholdings worth ¥10.3 billion were sold, and gains on sales of investment securities were recognized as special gains.」
The Company sold 20 cross-shareholdings worth ¥10.3 billion. The reduction in cross-shareholdings continued following the sales reported through the previous quarter. - FY2024-Q2AdvancedAnnual report
「During the nine-month period of the second quarter of the current consolidated fiscal year, cross-shareholdings worth ¥5.9 billion across 15 issues were sold, and gains on sales of investment securities were recognized as special gains.」
The Company sold 15 cross-shareholdings worth ¥5.9 billion. The reduction of cross-shareholdings based on reviews of their rationale was reflected in specific sales results during the quarter. - FY2023AdvancedAnnual report
「Against the plan's target of selling at least ¥30 billion of cross-shareholdings over 3 years from the previous consolidated fiscal year, cumulative sales had reached ¥24.9 billion over the 2 years through the end of the current consolidated fiscal year, indicating steady progress.」
Against the target of selling at least ¥30 billion of cross-shareholdings over 3 years, cumulative sales of ¥24.9 billion were made over 2 years. Specific progress toward the target was reported. - FY2023-Q3AdvancedAnnual report
「During the nine-month period of the third quarter of the current consolidated fiscal year, cross-shareholdings worth ¥9.0 billion across 15 issues were sold, and gains on sales of investment securities and other items were recognized in special gains and losses.」
During the nine-month period of the third quarter of the current consolidated fiscal year, 15 cross-shareholdings worth ¥9.0 billion were sold. The review of the rationale for cross-shareholdings and their reduction continued to be reflected in actual sales results. - FY2023-Q2AdvancedAnnual report
「During the nine-month period of the second quarter of the current consolidated fiscal year, cross-shareholdings worth ¥5.7 billion across 12 issues were sold, and gains on sales of investment securities and other items were recognized in special gains and losses.」
During the nine-month period of the second quarter of the current consolidated fiscal year, 12 cross-shareholdings worth ¥5.7 billion were sold. The reduction in cross-shareholdings based on annual reviews continued to be reflected in actual sales results. - FY2022-Q3AdvancedAnnual report
「Net income attributable to owners of the parent was ¥81.4 billion, up 6.4% from ¥76.4 billion, as special gains and losses improved substantially, mainly due to an increase in gains on sales of investment securities associated with the sale of listed cross-shareholdings (15 issues, ¥9.9 billion).」
During the nine-month period of the third quarter, 15 cross-shareholdings worth ¥9.9 billion were sold. The reduction in cross-shareholdings continued to be reflected in actual results. - FY2022-Q2AdvancedAnnual report
「Net income attributable to owners of the parent was ¥49.8 billion, down 3.8% from ¥51.8 billion, due to special gains including gains on sales of investment securities associated with the sale of cross-shareholdings (14 issues, ¥4.7 billion).」
During the nine-month period of the second quarter of the current consolidated fiscal year, 14 cross-shareholdings worth ¥4.7 billion were sold, demonstrating an actual reduction in cross-shareholdings. - FY2021AdvancedAnnual report
「For fiscal 2020, the Board of Directors reported and deliberated on the matter on 8 December 2020 and decided to sell 17 issues and continue holding 144 issues. In addition, the medium-term management plan announced on 14 May 2021 states a policy of further reducing cross-shareholdings as a source of funds for growth investments, with sales of at least ¥30 billion during the plan period.」
Cross-shareholdings were reduced from the previous year's 2 issues sold and 167 issues retained to 17 issues sold and 144 issues retained. In addition, the medium-term management plan set a target of selling at least ¥30 billion over 3 years. - FY2020AdvancedAnnual report
「For fiscal 2019, the Board of Directors reported and deliberated on the matter on 10 December 2019 and decided to sell 10 issues and continue holding 161 issues.」
Following annual quantitative and qualitative reviews of cross-shareholdings, the Company decided to sell 10 issues and continue holding 161 issues. This represents progress in reducing the holdings from the previous year's sale of 2 issues and continued holding of 167 issues. - FY2019First statedAnnual report
「The Company holds shares for policy purposes only when it determines that doing so will contribute to enhancing corporate value, including through maintaining and strengthening business relationships with the issuing companies. Each fiscal year, it quantitatively and qualitatively verifies all listed shares held, including whether the holdings are commensurate with the cost of capital and whether their scale is appropriate, by comparing the market value of the shares with the economic benefits associated with holding them. For fiscal 2018, the Board of Directors reported and deliberated on the matter on 11 December 2018 and decided to sell 2 issues and continue holding 167 issues.」
The Company holds cross-shareholdings based on their relationship to business ties and enhancement of corporate value, and verifies the cost of capital, the scale of holdings and other factors each fiscal year. For fiscal 2018, it decided to sell 2 issues and continue holding 167 issues.