Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 7 of 10 entries say "Advanced", first in FY2020. Latest entry: 2026-10-07.
105 other companies' latest entry also says "Advanced".
- 2026-10-07AdvancedGovernance
「2025年度も保有銘柄の一部を売却しており連結純資産に占める割合は16.8％となりました。」
政策保有株式の縮減について、2028年度15％未満の目標に対する2025年度実績16.8％を示した。 - FY2026RaisedAnnual report
「We aim to reduce the ratio of cross-shareholdings to consolidated net assets to below 15% by fiscal 2028.」
A numerical target was added to the policy of reducing cross-shareholdings: below 15% of consolidated net assets by fiscal 2028. - FY2024Updated cross-shareholding informationAnnual report
「We hold only those listed shares as cross-shareholdings that are deemed necessary for operating the business, and have a policy of reducing holdings of all other shares unless there are special circumstances.」
At the end of the fiscal year, cross-shareholdings comprised 78 unlisted issues and 24 listed issues, and listed shares had a carrying amount of ¥4,206.9 million on the balance sheet. During the fiscal year, holdings of 3 unlisted issues decreased; no decrease in listed shares was disclosed. - FY2023AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Shares other than unlisted shares 7 1,357」
Based on its review of cross-shareholdings, the Company sold 7 issues other than unlisted shares, for total sale proceeds of ¥135.7 million. - FY2021AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Shares other than unlisted shares 50 27,437 」
Based on its review of cross-shareholdings, the Company sold 50 issues other than unlisted shares, for total sale proceeds of ¥2,743.7 million. The implementation of the policy of limiting holdings to necessary shares and reducing all others was described more specifically than in the previous fiscal year. - FY2020AdvancedAnnual report
「We hold only those listed shares as cross-shareholdings that are deemed necessary for operating the business, and have a policy of reducing holdings of all other shares unless there are special circumstances.」
The Company disclosed that during the fiscal year it sold 13 cross-shareholdings other than unlisted shares and acquired additional holdings in 7 issues. This showed the implementation of the policy of limiting holdings to necessary shares and reducing all others. - FY2019First statedAnnual report
「We hold only those listed shares as cross-shareholdings that are deemed necessary for operating the business, and have a policy of reducing holdings of all other shares unless there are special circumstances. Each year, the Cross-Shareholding Verification Committee, comprising the heads of relevant departments, carefully reviews and verifies whether individual cross-shareholdings should be held, including whether transactions exist with the issuing company, whether construction information and other information is obtained, and whether any other special circumstances exist, and reports its findings to the Board of Directors. Based on the committee's report, the Board of Directors individually verifies and determines whether the holdings should be retained and has decided to sell certain cross-shareholdings in stages.」
The policy of limiting holdings to necessary shares and reducing all others, annual reviews by the verification committee, decisions by the Board of Directors, and partial disposals were described as an integrated framework.