Reviewing the Rationale for Cross-Shareholdings and the Policy on Sales
First written in FY2019. 2 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
15 other companies' latest entry also says "Other".
- FY2026Sale of cross-shareholdingsAnnual report
「NTT DATA Corporation — 25,000 — Held to maintain and develop the business relationship, but all shares were sold during the current fiscal year.」
All 25,000 shares of NTT DATA held for cross-shareholding purposes were sold, reducing the number of cross-shareholdings to 4. The review of holding significance and the sale policy were demonstrated through an actual disposal. - 2026-05-29AdvancedGeneral Meetings of Shareholders
「For investment shares whose holding we believe has diminished in significance, we will engage in necessary and sufficient dialogue with the investee company as a shareholder. We will sell shares promptly and appropriately if no improvement is recognized as a result.」
Policy-held shares declined from 5 issues worth ¥225 million at the end of March 2025 to 4 issues worth ¥182 million at the end of March 2026. This demonstrates a change in holdings consistent with the policy of reviewing rationale, engaging in dialogue and selling shares. - FY2025RestatedAnnual report
「When holding listed shares for purposes other than pure investment, we conduct a rigorous review of the need to maintain or strengthen relationships with investee companies, medium- to long-term economic rationale, future outlook and other factors, and hold them only when their rationale is recognized. For investment shares whose significance we believe has declined, we will engage in necessary and sufficient dialogue with the investee company as a shareholder. If no improvement is achieved as a result, we will sell the shares in a timely and appropriate manner.」
The policy of reviewing the rationale for cross-shareholdings annually and engaging in dialogue or selling the shares as necessary continues. At fiscal year-end, the company held 5 cross-shareholdings with a carrying amount on the balance sheet of ¥225.541 million. - FY2023Change in the purpose of 4 cross-held shareholdings to pure investmentAnnual report
「ＴＤＣソフト㈱ changed the purpose of its holding to pure investment. ㈱システム情報 changed the purpose of its holding to pure investment. アイエックス・ナレッジ㈱ changed the purpose of its holding to pure investment. ㈱昭和システムエンジニアリング changed the purpose of its holding to pure investment.」
During the current fiscal year, the company changed the purpose of its 4 former cross-held shareholdings to pure investment. The number of cross-held shareholdings intended to maintain and develop business relationships is now 5. - FY2022RestatedAnnual report
「For investment shares whose significance we believe has declined, we will engage in necessary and sufficient dialogue with the investee company as a shareholder. If no improvement is achieved as a result, we will sell the shares in a timely and appropriate manner.」
The policy of annually reviewing the rationale for cross-shareholdings and engaging in dialogue and selling the shares if no improvement is achieved continues. - FY2021Sale of 1 cross-held shareholdingAnnual report
「Shares other than unlisted shares 1 67,200」
During the current fiscal year, the company sold 1 listed shareholding held for purposes other than pure investment and recorded sale proceeds of ¥67.2 million. - FY2020AdvancedAnnual report
「For investment shares whose significance we believe has declined, we will engage in necessary and sufficient dialogue with the investee company as a shareholder. If no improvement is achieved as a result, we will sell the shares in a timely and appropriate manner.」
In addition to the annual review of cross-shareholdings, the company specifies a process of engaging in dialogue when the significance of a holding has declined and selling the shares if no improvement is achieved. - FY2019First statedAnnual report
「When holding listed shares for purposes other than pure investment, we conduct a rigorous review of the need to maintain or strengthen relationships with investee companies, medium- to long-term economic rationale, future outlook and other factors, and hold the shares only when their rationale is recognized. The significance of each holding in our asset portfolio, including listed shares, is reviewed annually by the Board of Directors based on medium- to long-term economic rationale, future outlook and other factors for each individual issue.」
The company newly states a policy of reviewing the need to maintain or strengthen relationships and the medium- to long-term economic rationale of cross-shareholdings, with the Board of Directors reviewing the significance of each holding annually.