Testing the Rationality of Cross-Shareholdings and Reviewing Holdings
First written in FY2019. 7 of 11 entries say "Advanced", first in FY2020. Latest entry: FY2026.
106 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「At the Board of Directors meeting held on 26 November 2025, the company conducted a review and decided to sell 1 listed share and 1 unlisted share, including issues for which rationality was recognized.」
The company continued to evaluate policy-held shares qualitatively and quantitatively, proceeded with the decisions and implementation of sales, and reduced the number of issues held to 42 at the end of fiscal 2025. - FY2026-H1AdvancedAnnual report
「Net income attributable to owners of the parent was ¥11,285 million, up 23.5% year on year, mainly due to gains on the sale of cross-shareholdings.」
The company stated that it continued to sell policy-held shares and recorded gains on sales during the interim consolidated accounting period. - FY2025AdvancedAnnual report
「At the Board of Directors meeting held on 26 November 2024, the company conducted a review and decided to sell 4 issues, including issues for which rationality was recognized. For all issues it would continue to hold, the company confirmed that they were held with the aim of increasing economic benefits from the Group's medium- to long-term perspective, based on the above review. In addition to 3 of the above issues, the company sold 3 listed company shares it held, including deemed-held shares. As a result, it held 48 issues, including 1 deemed-held issue, at the end of the fiscal year ending March 2025.」
The company continued to verify the rationality of policy-held shares, proceeded with the decisions and implementation of sales, and reduced the number of issues held from 53 in the previous fiscal year to 48. - FY2024AdvancedAnnual report
「At the Board of Directors meeting held on 28 November 2023, the company conducted a review and decided to sell 12 issues in full and 7 issues in part, including issues for which rationality was recognized and deemed-held issues.」
The company decided on full sales of 12 policy-held issues and partial sales of 7 issues, reducing the number of issues held to 53. - FY2023AdvancedAnnual report
「Following a review conducted at the Board of Directors meeting held on 27 September 2022, the company decided to sell 4 issues, including deemed-held issues. For all issues it would continue to hold, the company confirmed that they were held with the aim of increasing economic benefits from the Group's medium- to long-term perspective, based on the above review.」
The company evaluated policy-held shares qualitatively and quantitatively, decided to sell 4 issues and confirmed the rationality of continuing to hold the remaining issues. - FY2021AdvancedAnnual report
「Including the above, the company completed the sale of 3 issues for which sales had already been decided and made a partial sale of 1 issue. As a result, it held 73 issues, including 5 deemed-held issues, at the end of fiscal 2020.」
The company verified the rationality of policy-held shares from both quantitative and qualitative perspectives, completed the sale of 3 issues and made a partial sale of 1 issue, reducing the number of issues held to 73. - FY2020AdvancedAnnual report
「The company sold a total of 3 issues, including 1 issue whose sale was decided during the current fiscal year, including partial sales, and held 76 issues, including 5 deemed-held issues, at the end of fiscal 2019.」
The company continued to verify the rationality of policy-held shares, sold a total of 3 issues and reduced the number of issues held to 76. - FY2019First statedAnnual report
「The company may hold shares for policy purposes in order to strengthen its businesses and functions. As a method for verifying the rationality of such holdings, the Board of Directors conducts an annual review of each individual issue from both qualitative and quantitative perspectives and reaches a comprehensive judgment. The qualitative review covers the circumstances of acquisition, the significance of holding the shares, future transaction plans and economic benefits, while the quantitative review evaluates the amount of the contribution to the filing company's operating earnings and investment-related gains and losses in the most recent fiscal year against the company's standards relating to the cost of capital.」
The company identified the policy of verifying the rationality of policy-held shares annually by the Board of Directors from both qualitative and quantitative perspectives as a topic for the first time. In the September 2018 review, it sold 2 issues and decided to continue holding 80 issues.