Verification of the Economic Rationale for Strategic Shareholdings and Decisions on Continuing to Hold Them
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2026.
104 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Issues whose share count decreased during the fiscal year Shares other than unlisted shares 2 208」
The company sold 2 listed holdings held for policy purposes, with sale proceeds of ¥208 million. For the remaining holdings, it confirmed the appropriateness of continued ownership after reviewing their economic rationale and other factors. - 2026-06-01AchievedEarnings presentation
「During the fiscal year ending March 2026, we completed the disposal of all cross-held shares.」
The Company sold the 2 issues held at the end of the previous fiscal year, reducing its balance of cross-held shares to 0 at the end of March 2026. - FY2022RestatedAnnual report
「Based on the above policy, at a Board of Directors meeting held in June 2022 the company reviewed whether to continue holding each issue after confirming its significance and economic rationale, including in relation to the cost of capital. It confirmed the appropriateness of continuing to hold all issues held as of the end of March 2022.」
The company confirmed the appropriateness of continuing to hold all cross-shareholdings held as of the end of March 2022. - FY2020RestatedAnnual report
「Based on the above policy, at a Board of Directors meeting held in June 2020 the company reviewed whether to continue holding each issue after confirming its significance and economic rationale, including in relation to the cost of capital. It confirmed the appropriateness of continuing to hold all issues held as of the end of March 2020.」
For cross-shareholdings held as of the end of March 2020, the company confirmed the appropriateness of continuing to hold all issues after reviewing their economic rationale and other factors. - FY2019First statedAnnual report
「The company may acquire and hold shares and other equity instruments of business partners when it determines that doing so will contribute to enhancing its medium- to long-term corporate value, including by building stable, long-term business relationships with those partners. The Board of Directors annually verifies the rationale for continued ownership of investment shares held for purposes other than pure investment, from the perspectives of their medium- to long-term economic rationale and maintaining and strengthening comprehensive relationships with business partners. As a rule, the company will proceed with selling holdings determined, as a result of the review, to lack economic rationale.」
The company states a policy of annually reviewing the medium- to long-term economic rationale and other factors relating to cross-shareholdings and, as a rule, selling holdings that lack such rationale. As of the end of March 2019, it confirmed the appropriateness of continuing to hold all holdings.