Testing the rationale for and reducing cross-shareholdings
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2020. Latest entry: 2026-08-13.
- 2026-08-13RestatedEarnings presentation
「· Becoming asset-light · Sale of shares in affiliates (*) and cross-shareholdings, among other assets」
The company continues to identify sales of shares in affiliates and cross-shareholdings as measures for becoming asset-light. - FY2026AdvancedAnnual report
「We have also sold 17 issues over the past 5 years, and as of 31 March 2026, the number of holdings was 21 issues.」
The company continued its reasonableness reviews and phased sales of strategic shareholdings, selling 17 issues over the past 5 years and reducing the number of listed holdings to 21 issues. - FY2025AdvancedAnnual report
「To reduce strategic shareholdings, we will proceed with sales in stages while taking market conditions and the status of individual holdings into account.」
The company continued its reasonableness reviews and phased sales policy, reducing 2 unlisted issues and 6 listed issues during the fiscal year. The total sale value of listed shares was ¥7,074 million. - FY2022AdvancedAnnual report
「For existing strategic shareholdings, including listed shares, the Board of Directors annually reviews the reasonableness of continued ownership from both quantitative and qualitative perspectives, including the purpose of holding each issue, transaction status and dividend income. To reduce strategic shareholdings, we will proceed with sales in stages while taking the status of individual holdings into account.」
The company continued its policy of reviewing the reasonableness of strategic shareholdings and selling them in stages, reducing 4 unlisted issues and 3 listed issues during the fiscal year. - FY2021AdvancedAnnual report
「For existing strategic shareholdings, including listed shares, the Board of Directors annually reviews the reasonableness of continued ownership from both quantitative and qualitative perspectives, including the purpose of holding each issue, transaction status and dividend income. To reduce strategic shareholdings, we will proceed with sales in stages while taking the status of individual holdings into account.」
The company continued its policy of reviewing the reasonableness of strategic shareholdings and selling them in stages, disclosing reductions during the fiscal year of 8 unlisted issues and 1 listed issue. - FY2020AdvancedAnnual report
「For existing strategic shareholdings, including listed shares, the Board of Directors annually reviews the reasonableness of continued ownership from both quantitative and qualitative perspectives, including the purpose of holding each issue, transaction status and dividend income. To reduce strategic shareholdings, we will proceed with sales in stages while taking the status of individual holdings into account.」
The company continued its policy of annual reasonableness reviews by the Board of Directors and phased sales, disclosing the sale during the fiscal year of 8 listed issues for ¥4,945 million. - FY2019First statedAnnual report
「Each year, the Board of Directors comprehensively reviews individual holdings from both quantitative and qualitative perspectives, including the purpose of holding each issue, transaction status and dividend income. We will reduce strategic shareholdings by selling holdings in stages when their continued ownership is no longer considered reasonable.」
The company stated for the first time its policy of reviewing strategic shareholdings annually at Board of Directors meetings and selling holdings whose ownership is no longer considered reasonable. 株式会社三越伊勢丹 sold 2 issues worth ¥470 million in fiscal 2018.