Testing the rationale for and reducing cross-shareholdings
First written in FY2020. 5 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
The company reviewed the rationale for its cross-shareholdings at a January 2026 board meeting and reduced its holdings by 2 unlisted issues and 7 listed issues. - FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
At a February 2025 meeting of the Board of Directors, the Company reviewed the rationale for its cross-held shares and reduced its holdings by 2 unlisted issues and 17 listed issues. - FY2024AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
The company reduced its holdings in 1 unlisted company and 15 listed companies, while acquiring shares in 2 unlisted companies to enhance sales and earnings capabilities through business alliances. The rationale was reviewed at a board meeting in November 2023. - FY2023AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
During the fiscal year, we reduced the number of policy-held shares by 2 unlisted issues and 14 listed issues, and verified their rationale at a Board of Directors meeting in October 2022. - FY2021AdvancedAnnual report
「The rationality of the holdings was verified at a meeting of the Board of Directors in September 2020 by scrutinizing whether the benefits and risks associated with holding them were commensurate with the company's cost of capital and whether the holdings were consistent with their purpose of contributing to the medium- and long-term enhancement of the group's corporate value.」
The rationale for holding strategic shareholdings was reviewed at the September 2020 Board of Directors meeting, and 5 listed stocks were sold during the year. - FY2020First statedAnnual report
「For each stock holding, the company scrutinizes whether the benefits and risks associated with holding it are commensurate with its cost of capital and whether the holding is consistent with its purpose of contributing to the long-term and medium-term enhancement of the group's corporate value, and verifies this annually at meetings of the Board of Directors. Holdings whose significance or rationality is not recognized are reviewed, including through sales or reductions.」
Regarding cross-shareholdings, the company disclosed for the first time as a standalone policy that, while maintaining and expanding business relationships remains the objective, holdings will be compared with the cost of capital and reviewed annually by the Board of Directors, with shares lacking rationality sold or reduced.