Reviewing the rationale for and reassessing cross-shareholdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2026.
106 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「(Issues for which the number of shares decreased during the fiscal year) Shares other than unlisted shares: 1 issue, ¥72,774 thousand」
The Company sold 1 issue of shares other than unlisted shares held as a cross-shareholding and recognized proceeds of ¥72,774 thousand. This is reported as an actual outcome under its policy of annually reviewing the rationale for holding such shares. - FY2023Additional acquisition of cross-shareholdingsAnnual report
「For shares other than unlisted shares, the total acquisition cost associated with the increase in the number of shares was ¥278,081 thousand, reflecting market purchases made in connection with the reciprocal acquisition of shares based on a Board of Directors resolution dated 10 March 2023 and dividend purchases through the employee stock ownership plan.」
The Company disclosed an increase in its cross-shareholdings involving 2 issues, with total acquisition costs of ¥278,081 thousand. Its policy of annually verifying the rationale for holding such shares remains in place. - FY2020AdvancedAnnual report
「As a result of verifying the rationale for holding the shares, we sold all of them.」
Based on its review of the rationale for holding cross-shareholdings, the Company sold all 66,775 shares of Advantest. It also sold 2 other issues excluding unlisted shares, bringing total proceeds from sales to ¥194 million. - FY2019First statedAnnual report
「Every year, the Company verifies at Board of Directors meetings the significance of holding each cross-shareholding, transaction results, capital costs and other aspects of its economic rationale, and based on a comprehensive assessment, reviews whether to continue holding the shares and the number of shares held.」
The Company has for the first time explicitly stated its policy of having the Board of Directors annually verify the significance of holding cross-shareholdings, transaction results, capital costs and other factors, and review continued ownership and the number of shares held.