Periodic Review and Sale of Strategic Shareholdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The market value of our cross-shareholdings was approximately ¥26.9 billion at the end of the fiscal year ending March 2026, representing approximately 2.7% of consolidated total assets. Although we recognise that this is not a significant proportion, we will continue to review all investments regularly and reduce our holdings.」
We continued the regular review and reduction of cross-shareholdings, selling 8 listed holdings and others during the fiscal year. The number of holdings changed from 63 to 53. - FY2023AdvancedAnnual report
「The market value of our cross-shareholdings was approximately ¥22.9 billion at the end of the fiscal year ended March 2023, representing approximately 2.4% of consolidated total assets. Although we recognise that this is not a significant proportion, we will continue to review all investments regularly and reduce our holdings.」
We continued to reduce cross-shareholdings and sold 1 unlisted holding and 16 listed holdings during the fiscal year. The market value at the end of the fiscal year was approximately ¥22.9 billion, representing approximately 2.4% of consolidated total assets. - FY2022RaisedAnnual report
「As a general principle, we do not hold cross-shareholdings. However, we may hold them when they are deemed essential to the sustainable growth or enhancement of the Group’s corporate value, such as by stabilising business relationships, strengthening collaboration to expand our business or facilitating financing.」
The policy was clarified from regular reviews and sales as appropriate to a policy of not holding cross-shareholdings in principle, strengthening the stance of reducing such holdings. - FY2019First statedAnnual report
「Taking into account the benefits of holding shares, share-price volatility risk and the credit risk of issuer companies, among other factors, we review all investments once a year. We continue to hold shares only when we determine that they are essential to the sustainable growth of the Group, such as by stabilising business relationships or strengthening collaboration to expand our business. We sell holdings whose necessity has declined as appropriate, taking share prices and market conditions into account.」
The policy for cross-shareholdings was clarified to provide for an annual review of all holdings and the sale of holdings whose necessity has declined. During the fiscal year, 1 new holding was acquired and 4 were sold.