Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Following a review of the rationale for holding the shares, we sold all of them.」
The company reviewed the rationale for its cross-shareholdings and sold all shares in Toyota Industries Corporation, Panasonic Holdings Corporation and Astellas Pharma Inc., among others. It also reported a reduction in 4 issues other than unlisted shares. - FY2025AdvancedAnnual report
「After verifying at a meeting of the Board of Directors whether the holdings were appropriate based on factors including business relationships and a comparison of the benefits of holding the shares with the cost of capital, the Company adopted a policy of selling them and sold them in September 2024.」
The Board of Directors verified the rationality of the cross-shareholdings, and the Company sold its shares in Itoham Yonekyu Holdings and Toho Gas in September 2024. - FY2023First statedAnnual report
「For each individual holding, the Company analyzes comprehensively both the operational aspects and the value of the holding as an investment asset, including whether the purpose of holding it is appropriate and whether the benefits and risks associated with the holding are commensurate with the shareholding costs under internal rules. It then regularly verifies the rationality of the holding at meetings of the Board of Directors each year and considers whether to continue holding it.」
It states a policy of reducing holdings, including by selling shares whose purpose or significance has diminished.