Reviewing the Rationality of Cross-Shareholdings and the Policy on Sales
First written in FY2019. 6 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2026.
102 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the fiscal year, the holdings whose number of shares decreased consisted of 2 unlisted holdings and 13 holdings other than unlisted holdings. The total sale proceeds related to the reductions in shareholdings were ¥2,398 million.」
The company disclosed that it sold 2 unlisted holdings and 13 listed holdings based on its annual review and reduction policy for cross-shareholdings. - FY2025AdvancedAnnual report
「During the fiscal year, the holdings whose number of shares decreased consisted of 2 unlisted holdings and 7 holdings other than unlisted holdings. The total sale proceeds related to the reductions in shareholdings were ¥1,801 million.」
Based on its annual review and reduction policy for cross-shareholdings, the company disclosed that it sold 2 unlisted holdings and 7 listed holdings. - FY2023AdvancedAnnual report
「For holdings determined through the review to have no recognized rationale for ownership or whose significance has diminished, the company will proceed with the necessary procedures for sale as appropriate.」
The company disclosed the sale of 1 unlisted holding and 6 listed holdings and continued to reduce its cross-shareholdings following its annual review. - FY2022AdvancedAnnual report
「During the fiscal year, the holdings whose number of shares decreased consisted of no unlisted holdings and 5 holdings other than unlisted holdings. The total sale proceeds related to the reductions in shareholdings were ¥267 million.」
The company disclosed that it sold 5 listed holdings during the fiscal year based on its policy of reducing cross-shareholdings following a review of their rationale. - FY2021AdvancedAnnual report
「For holdings determined through the review to have no recognized rationale for ownership or whose significance has diminished, the company will proceed with the necessary procedures for sale as appropriate.」
In addition to its policy of selling cross-shareholdings following a review of their rationale, the company disclosed that it sold 3 unlisted holdings and 15 listed holdings during the fiscal year. - FY2019First statedAnnual report
「For the acquisition, continued holding or sale of cross-shareholdings, the Company annually scrutinizes the benefits and risks of each holding using the cost of capital. It also reviews the purpose and economic rationale of each holding, including the circumstances of acquisition, the status of transactions with the issuer and the outlook for future transactions, and determines whether the holding contributes to enhancing corporate value.」
For cross-shareholdings, the company disclosed for the first time in a systematic manner its annual review based on the cost of capital and its policy of selling holdings whose significance has diminished.