Testing the rationale for and reducing cross-shareholdings
First written in FY2019. 3 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 2 43 The company will continue to dispose of or reduce such holdings from fiscal 2026 onward.」
The company sold shares in 2 listed companies during the fiscal year, for total sale proceeds of ¥43 million. It has explicitly stated its policy of continuing to dispose of or reduce such holdings from fiscal 2026 onward. - FY2024AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares 4 41」
The company sold shares in 4 unlisted companies during the fiscal year, for total sale proceeds of ¥41 million. This was a specific disposal consistent with its policy of regularly reviewing the significance of its holdings and reducing them. - FY2023RestatedAnnual report
「The company states that the matter was reviewed and confirmed at the Board of Directors meeting and other meetings held on 27 March 2023.」
The company continues its policy of having the necessity and rationality of policy shareholdings reviewed by the Board of Directors and other bodies and disposing of or reducing holdings whose significance has declined. During the year, there were no holdings with a decrease in shares, while an increase in holdings of 2 companies through the employee stock ownership plan is also disclosed. - FY2022No reduction; holdings increased for 2 companiesAnnual report
「(Holdings whose number of shares increased during the fiscal year) Shares other than unlisted shares: 2 companies; total acquisition cost attributable to the increase in shares: ¥2 million (Holdings whose number of shares decreased during the fiscal year) Not applicable.」
The company continues its policy of regularly reviewing the rationality of policy shareholdings and disposing of or reducing holdings whose significance has declined. During the year, there were no holdings with a decrease in shares, while the number of shares held in 2 companies increased through purchases by the employee stock ownership plan. - FY2021AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: unlisted shares, 1 company; total sale proceeds attributable to the decrease in shares: ¥4 million」
The company states that it sold shares in 1 unlisted company for ¥4 million during the fiscal year. This was a specific disposal consistent with its policy of regularly reviewing the significance of its holdings and reducing them. - FY2020RestatedAnnual report
「With respect to holdings of shares held for policy purposes, the company regularly verifies their necessity and rationality from the perspective of enhancing corporate value over the medium to long term, taking into account their strategic importance to the business and the maintenance and strengthening of transactions. In principle, it does not hold shares that do not contribute to the management of the Group.」
The company continues to regularly review the necessity and rationality of policy shareholdings and to dispose of or reduce holdings whose significance has declined. During the year, there were no sales of unlisted shares, while the number of shares held increased for 2 listed companies. - FY2019First statedAnnual report
「With respect to holdings of shares held for policy purposes, the company regularly verifies their necessity and rationality from the perspective of enhancing corporate value over the medium to long term, taking into account their strategic importance to the business and the maintenance and strengthening of transactions. In principle, it does not hold shares that do not contribute to the management of the Group. It also limits such holdings to an appropriate level from the perspective of capital efficiency and plans to regularly review them at Board of Directors meetings, disposing of or reducing holdings whose significance has declined as promptly as possible.」
The company has explicitly stated for the first time its policy of regularly reviewing the strategic necessity and rationality of policy shareholdings and disposing of or reducing holdings whose significance has declined.