Reducing cross-shareholdings and improving asset efficiency
First written in FY2020. 5 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
103 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 3 344」
The company continues its policy of reducing cross-shareholdings, selling 3 listed shares and other holdings during the fiscal year and recording sale proceeds of ¥344 million. - FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
The company sold 1 unlisted and 6 listed cross-shareholdings, with sale proceeds from the listed shares totaling ¥473 million. - FY2024AdvancedAnnual report
「Even where a rational purpose for holding the shares is recognized, the company is proceeding with the sale of cross-shareholdings in order to improve asset efficiency and avoid the risk arising from fluctuations in share values.」
The company continues its policy of reducing cross-shareholdings, selling 3 issues during the fiscal year and recording sale proceeds of ¥77 million. - FY2022AdvancedAnnual report
「Issues with a reduced number of shares during the fiscal year Shares other than unlisted shares 1 683」
The company sold 1 cross-shareholding and recorded sale proceeds of ¥683 million. - FY2021AdvancedAnnual report
「Issues with a reduced number of shares during the fiscal year Shares other than unlisted shares 1 614」
The company sold 1 cross-shareholding and recorded sale proceeds of ¥614 million. - FY2021-Q1RestatedAnnual report
「Accordingly, it is controlling cash flow by restraining capital expenditure, exiting non-core businesses and further reducing cross-shareholdings.」
The company continues to cite further reductions in cross-shareholdings as a means of maintaining financial discipline and managing cash flow. - FY2020First statedAnnual report
「Even where a rational purpose for holding the shares is recognized, our policy is to proceed with the sale of cross-shareholdings in order to improve asset efficiency and avoid the risk arising from fluctuations in share values.」
For cross-shareholdings, the company has for the first time explicitly stated its policy of proceeding with sales even where the holdings are considered rational, after examining their purpose and the benefits commensurate with the cost of capital.