Reviewing the Rationale for Cross-Shareholdings and Policy on Sales
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: 2026-08-07.
102 other companies' latest entry also says "Advanced".
- 2026-08-07AdvancedEarnings presentation
「Consideration of reducing cross-shareholdings (fiscal 2028 target: 10% or less)」
The company has presented a specific target of reducing cross-shareholdings to 10% or less by fiscal 2028. - FY2026AdvancedAnnual report
「The company verifies the significance of each cross-shareholding every fiscal year. Based on the review as of 31 March 2026, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The Company states that it conducted an individual review of cross-held shares as of 31 March 2026 and confirmed that the shares held were consistent with its policy. - FY2022AdvancedAnnual report
「Each fiscal year, the company verifies the significance of holding each individual cross-shareholding. Based on the verification as of 31 March 2022, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The Company states that it conducted an individual review of cross-held shares as of 31 March 2022 and confirmed that the shares held were consistent with its holding policy. - FY2021AdvancedAnnual report
「Each fiscal year, we verify the significance of holding each cross-held share. Based on the results of the verification as of 31 March 2021, we confirmed that all cross-held shares currently held are held for purposes consistent with our holding policy.」
The Company states that it conducted an individual review of cross-held shares as of 31 March 2021 and confirmed that the shares held were consistent with its holding policy. - FY2019First statedAnnual report
「We hold shares in companies that we determine are necessary as part of our management strategy, including business alliances and the strengthening of stable business relationships. For each holding, we regularly verify its economic rationality based on the significance of holding the shares and the cost of capital, and report the results to the Board of Directors. We will sell shares that we determine have no recognized significance or rationality in a timely and appropriate manner.」
For cross-held shares, the Company has, for the first time as a standalone topic, stated a policy of holding them for business alliances and the strengthening of stable business relationships, regularly verifying the significance and economic rationality of each holding based on the cost of capital, and selling shares where no rationality exists.