Reviewing the rationale for cross-shareholdings and selling shares
First written in FY2020. 2 of 3 entries say "Mitigated", first in FY2024. Latest entry: FY2026.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares 2 ¥42 million; shares other than unlisted shares 7 ¥964 million」
For cross-shareholdings, it continued sales based on individual reviews and reduced 2 unlisted holdings and 7 holdings other than unlisted shares. - FY2024MitigatedAnnual report
「Holdings with reduced numbers of shares during the fiscal year Unlisted shares 2 50 Shares other than unlisted shares 6 158」
For cross-shareholdings, it disclosed that during the fiscal year it reduced 2 unlisted holdings and 6 holdings other than unlisted shares. - FY2020First statedAnnual report
「Each year, the Board of Directors rigorously examines and verifies each holding from a medium- to long-term perspective, including its future outlook and other factors, against the holding policy formulated by the finance division and the department responsible for the relevant transactions. If it determines as a result that continued ownership has little economic rationale, it will sell the shares at an appropriate time after taking into account the prevailing economic conditions, gains or losses on disposal and other factors, and engaging in dialogue with the relevant investee.」
For cross-shareholdings, it has disclosed separately for the first time the process of reviewing every holding annually, verifying returns and risks commensurate with the cost of capital, and selling holdings where the rationale is weak. In the fiscal year ended March 2020, it sold 9 holdings for total proceeds of ¥784 million.