Reduction and sale of cross-shareholdings
First written in FY2019. 1 of 7 entries say "Advanced", first in FY2025. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「We will use the funds generated by this share transfer for growth investments and shareholder returns, with the aim of improving capital efficiency and achieving sustainable growth. The capital and business alliance with HBA will continue, and we will continue to strengthen our cooperation.」
The company stated a policy of reducing its cross-shareholdings and shares in affiliates through the partial transfer of its HBA shares, and using the funds for growth investments and shareholder returns. - FY2024Reduction through the liquidation of an unlisted shareholdingAnnual report
「Unlisted shares 1 23,014 (Issues for which the number of shares decreased during the fiscal year) Unlisted shares 1 369」
The company continued its policy of generally not holding cross-shareholdings, and the number of unlisted shareholdings decreased by 1 during the fiscal year due to a company liquidation. - FY2023Impairment loss recognized on cross-shareholdingsAnnual report
「During the fiscal year, we recognized an impairment loss of ¥186.985 million on unlisted shares.」
Although there were no new acquisitions or sales of cross-shareholdings, the company recognized an impairment loss of ¥186.985 million on investment securities, including 1 unlisted shareholding. - FY2022Acquisition of 1 unlisted shareholdingAnnual report
「(Issues for which the number of shares increased during the fiscal year) Unlisted shares 1 210,000 To build a relationship with a company possessing technology that will contribute to business expansion」
While continuing its policy of generally not holding cross-shareholdings, the company acquired 1 unlisted shareholding for ¥210 million to build a relationship with a company possessing technology that will contribute to business expansion. - FY2021No decrease in the number of shares during the fiscal yearAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
Although the policy of generally not holding cross-shareholdings, individually reviewing holdings and reducing them remains in place, there was no decrease in the number of shares during the fiscal year. - FY2020No decrease in the number of shares during the fiscal yearAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
Although the policy of generally not holding cross-shareholdings remains in place, there was no decrease in the number of shares during the fiscal year. - FY2019First statedAnnual report
「As a general rule, we do not hold investment shares held for purposes other than pure investment, hereinafter referred to as “cross-shareholdings.” However, after comprehensively considering our management strategy and the establishment, maintenance and strengthening of relationships with business partners and business alliance partners, we hold shares in other companies only when we determine that doing so will contribute to the medium- to long-term enhancement of our corporate value, after verifying the economic rationale. We plan to progressively sell and reduce holdings whose significance has diminished. Under this policy, we reviewed each individual holding and sold 2 issues during the fiscal year after determining that their significance had diminished.」
The company stated its policy of generally not holding cross-shareholdings, reviewing each holding individually, and progressively selling shares whose significance has diminished; it sold 2 issues during the fiscal year.