Reduction of Cross-Shareholdings and Review of the Rationale for Holding Them
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
102 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In fiscal 2025, we sold ¥752 million of policy-held shareholdings (4 issues). As a result, cumulative sales from fiscal 2015, when the Corporate Governance Code took effect, through fiscal 2025 totaled ¥7,462 million (52 issues in total), reducing listed shareholdings by approximately 58% on an acquisition-cost basis compared with the listed shares held as of 1 April 2015.」
Policy-held shareholdings were reduced by selling 4 issues in fiscal 2025, resulting in an approximately 58% reduction in listed shareholdings on an acquisition-cost basis since fiscal 2015. - FY2024AdvancedAnnual report
「In fiscal 2023, we sold ¥1,711 million of policy-held shareholdings (6 issues), excluding unlisted shares. As a result, cumulative sales from fiscal 2015, when the Corporate Governance Code took effect, through fiscal 2023 totaled ¥6,471 million (45 issues in total), reducing listed shareholdings by approximately 51% on an acquisition-cost basis compared with the listed shares held as of 1 April 2015.」
Policy-held shareholdings were reduced by selling 6 issues in fiscal 2023, resulting in an approximately 51% reduction in listed shareholdings on an acquisition-cost basis since fiscal 2015. - FY2023AdvancedAnnual report
「In fiscal 2022, we sold ¥222 million of policy-held shareholdings (2 issues), excluding unlisted shares. As a result, cumulative sales from fiscal 2015, when the Corporate Governance Code took effect, through fiscal 2022 totaled ¥4,760 million (39 issues in total), reducing listed shareholdings by approximately 37% on an acquisition-cost basis compared with the listed shares held as of 1 April 2015.」
For policy-held shareholdings, 2 issues were sold in fiscal 2022, reducing listed shareholdings by approximately 37% on an acquisition-cost basis since fiscal 2015. - FY2022First statedAnnual report
「Every year, the Board of Directors reviews the rationale for holding each policy-held shareholding.」
For policy-held shareholdings, quantitative and qualitative reviews using TSR, ROE and business benefits, together with an approximately 35% reduction in listed shareholdings since fiscal 2015, were organized as a theme for the first time.