Governance structure
The Company will reduce its cross-held shares. It brought forward its target of reducing such holdings by at least 50% based on market value at the end of fiscal 2023 by the end of fiscal 2027, and achieved an 81% reduction as of the end of fiscal 2025. Number of holdings and amount: Not disclosed
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Integrated Report 2026 states that the Company had achieved an 81% reduction in cross-held shares as of the end of fiscal 2025, decided in February 2026 on an investment plan totaling approximately ¥500 billion from fiscal 2026 through fiscal 2028, and revised upward its medium-term management plan targets for fiscal 2027. Items explicitly identified as differences from the previous report: Not disclosed
| Item | Details |
|---|---|
| Committee | Sustainability Management Committee (proportion of external members: Not disclosed) |
| Policy on cross-shareholdings | The Company will reduce its cross-held shares. It brought forward its target of reducing such holdings by at least 50% based on market value at the end of fiscal 2023 by the end of fiscal 2027, and achieved an 81% reduction as of the end of fiscal 2025. Number of holdings and amount: Not disclosed |
| Changes this time | Integrated Report 2026 states that the Company had achieved an 81% reduction in cross-held shares as of the end of fiscal 2025, decided in February 2026 on an investment plan totaling approximately ¥500 billion from fiscal 2026 through fiscal 2028, and revised upward its medium-term management plan targets for fiscal 2027. Items explicitly identified as differences from the previous report: Not disclosed |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To communicate to stakeholders, including shareholders and investors, the Company’s values, initiatives aimed at creating value over the medium to long term, financial and non-financial information, progress under the medium-term management plan, and the growth strategy toward 2030. The Company explained that reducing cross-held shares is intended to turn dialogue with the capital markets into concrete results.