Reviewing Cross-Shareholdings against the Cost of Capital and Reducing Them
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Issues whose number of shares declined during the current fiscal year: shares other than unlisted shares, 1, 1,217. All were sold during the current fiscal year.」
Regarding cross-shareholdings, the company sold 1 issue for ¥1,217 million. Meanwhile, it acquired shares in SANKYO SEIKO Co., Ltd. for ¥119 million to strengthen its business relationship. - FY2023AdvancedAnnual report
「During the 3-year period of the Second Medium-Term Management Plan, the company sold 42 cross-shareholdings and reduced them by ¥2.24 billion on a carrying-value basis.」
Over the 3 years of the Second Medium-Term Management Plan, the company sold 42 cross-shareholdings, reducing them by ¥2.24 billion on a carrying-value basis. - FY2021RestatedAnnual report
「Each year, the Board of Directors closely reviews each holding, including whether its purpose and the benefits and risks associated with holding it are commensurate with the cost of capital, and verifies whether the holding should be retained. If the review determines that the significance of a holding has diminished, the company seeks to reduce it.」
The company is again confirming its policy of reviewing cross-shareholdings each year at the Board of Directors level against the cost of capital and reducing holdings whose strategic significance has diminished. - FY2020AdvancedAnnual report
「If the review determines that the significance of a holding has diminished, the company seeks to reduce it.」
At the November 2020 Board of Directors meeting, the company reviewed the benefits and risks of each holding against the cost of capital, and during the year reduced its holdings by 1 unlisted issue and 8 listed issues. - FY2019First statedAnnual report
「Each year, the Board of Directors closely reviews each holding, including whether its purpose and the benefits and risks associated with holding it are commensurate with the cost of capital, and verifies whether the holding should be retained. If the review determines that the significance of a holding has diminished, the company seeks to reduce it.」
The company states its policy of reviewing cross-shareholdings each year at the Board of Directors level against the cost of capital and reducing holdings whose strategic significance has diminished.