Review of the rationale for and appropriate management of cross-shareholdings
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Following a review at the Management Committee meeting held on 22 June 2026, the Company confirmed that all of its current cross-shareholdings are held for purposes consistent with its holding policy.」
The Company continued to review the rationale for its cross-shareholdings and sold 1 holding other than an unlisted share during the fiscal year. The number of holdings was 9, with a carrying amount of ¥142,858 thousand. - FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Other than unlisted shares 6 10,743」
During the fiscal year, the Company sold 6 cross-shareholdings for total proceeds of ¥10,743 thousand. The Board of Directors also confirmed that the current holdings are consistent with the holding policy. - FY2024AdvancedAnnual report
「Following a review at the Board of Directors meeting held on 27 June 2024, the Company confirmed that all of its current cross-shareholdings are held for purposes consistent with its holding policy.」
The Company conducted a review based on business relationships, strategic significance and returns commensurate with the cost of capital, among other factors, and the Board of Directors confirmed the rationale for continuing to hold the current holdings. - FY2023AdvancedAnnual report
「Following a review at the Board of Directors meeting held on 29 June 2023, the Company confirmed that all of its current cross-shareholdings are held for purposes consistent with its holding policy.」
The Company reviewed its cross-shareholdings based on business relationships, strategic significance and returns commensurate with the cost of capital, and the Board of Directors confirmed the rationale for continuing to hold them. The Company also sold 1 holding for ¥3,913 thousand. - FY2020AdvancedAnnual report
「The Company holds cross-shareholdings to maintain good relationships with partner companies, strengthen business alliances and facilitate the smooth promotion of its businesses. It limits the holdings to 20% of net assets at the end of the previous fiscal year, will consider selling holdings promptly when their purpose or economic rationale has diminished, and appropriately manages the total amount of its cross-shareholdings.」
The Company has specified a policy of limiting cross-shareholdings to 20% of net assets at the end of the previous fiscal year, as well as the Board of Directors’ review process based on economic rationale and the cost of capital. - FY2019First statedAnnual report
「The Company holds cross-shareholdings to strengthen relationships and alliances with partner companies and to facilitate the smooth promotion of its businesses. It will consider selling holdings promptly when their purpose or economic rationale has diminished, and appropriately manages the total amount of its cross-shareholdings.」
The Company has stated for the first time that the purpose of its cross-shareholdings is to strengthen business and alliance relationships, and that it will consider selling holdings whose economic rationale has declined while managing the overall amount held.