Regular Review of Strategic Shareholdings and Sale of Holdings Whose Significance Has Diminished
First written in FY2019. 8 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors in May 2024, we resolved to reduce cross-shareholdings by 50% over the three years from fiscal 2024 through fiscal 2026. Based on this policy, we sold shares valued at ¥109,755 million in the previous fiscal year and ¥30,550 million in the current fiscal year.」
Based on the policy of reducing cross-shareholdings by 50% over three years, ¥30.550 billion was sold during the fiscal year, and an additional sale policy was confirmed in May 2026. - 2026-05-25AdvancedGeneral Meeting of Shareholders
「2024年度と2025年度の２年間で目標を上回る政策保有株式を売却した結果、2026年３月末時点における政策保有株式の貸借対照表計上額の合計額は1,031億円となり、資本合計（連結）に対する比率は5.3％」
2024～2026年度の3年間で50％、約1,000億円削減する方針について、2年間で目標を上回る売却実績を記載した。 - FY2026-H1AdvancedAnnual report
「Other financial assets at the end of the interim consolidated accounting period consist of shares scheduled for sale.」
Based on the policy of reducing cross-shareholdings, the company is proceeding to the stage of classifying shares scheduled for sale as assets held for sale. - FY2025AdvancedAnnual report
「During the fiscal year, the company sold 61 holdings for ¥109,755 million.」
Based on the policy of reducing cross-shareholdings by 50% over the three years from fiscal 2024 through fiscal 2026, 61 issues valued at ¥109.755 billion were sold during the fiscal year. - FY2024RaisedAnnual report
「At a board meeting held in May 2024, the company decided to reduce its cross-shareholdings by 50% over the three years from fiscal 2024 through fiscal 2026.」
For cross-shareholdings, the company moved beyond its previous policy of regular reviews and partial sales to a policy with a specific target and deadline: a 50% reduction over the three years from fiscal 2024 through fiscal 2026. - FY2023AdvancedAnnual report
「The situation as of the end of March 2023 was discussed at a board meeting held on 22 May 2023. As a result, the company confirmed its policy of selling certain holdings.」
The company continued its regular review of cross-shareholdings and, during the fiscal year, sold 1 unlisted and 4 listed holdings, while also confirming an additional policy of selling holdings. - FY2022AdvancedAnnual report
「The situation as of the end of March 2022 was discussed at a board meeting held on 20 May 2022. As a result, the company confirmed its policy of selling certain holdings.」
The company continued its regular review of cross-shareholdings and, during the fiscal year, sold 4 unlisted and 12 listed holdings, while also confirming an additional policy of selling holdings. - FY2021AdvancedAnnual report
「The situation as of the end of March 2021 was discussed at a board meeting held on 21 May 2021. As a result, the company confirmed its policy of selling certain holdings.」
The company continued its regular review of cross-shareholdings and, during the fiscal year, sold 2 unlisted and 12 listed holdings, while also confirming an additional policy of selling holdings. - FY2020AdvancedAnnual report
「The situation as of the end of March 2020 was discussed at a board meeting held on 28 May 2020. As a result, the company confirmed its policy of selling certain holdings.」
The company discussed its cross-shareholdings as of the end of March 2020 at a board meeting and confirmed its policy of selling certain holdings. - FY2019First statedAnnual report
「For each individual equity holding, the board of directors periodically reviews the significance of holding it from both quantitative perspectives, including whether the benefits and risks associated with the holding are commensurate with the company’s cost of capital, and qualitative perspectives, including its consistency with the purpose of the holding. Shares whose significance has diminished due to changes in business relationships or other factors will be sold. The situation as of the end of March 2019 was discussed at a board meeting held on 22 May 2019. As a result, the company confirmed its policy of selling certain holdings.」
The company has newly stated a policy of periodically reviewing cross-shareholdings at board meetings based on comparisons with the cost of capital and consistency with the purpose of the holdings, and selling holdings whose strategic significance has diminished.