Reviewing and Reducing Cross-Shareholdings
First written in FY2020. 5 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For the fiscal year ending March 2026, the Company sold ¥2,931 million through the sale of all holdings in 11 issues and part of its holdings in 4 issues. However, due to the impact of higher share prices, the balance increased 4.2% from the end of March 2024 (a 17.0% reduction based on market value at the end of March 2024).」
The Company sold all of its holdings in 11 issues and part of its holdings in 4 issues, reducing cross-shareholdings by 17.0% based on market value at the end of March 2024, while the carrying balance increased 4.2% due to higher share prices. - FY2025AdvancedAnnual report
「Under the three-year medium-term management plan, "Transformation for Tomorrow 2027," the Company has set a target of reducing its cross-shareholdings by 15% or more over the 3 years from the fiscal year ending March 2025 through the fiscal year ending March 2027. In the fiscal year ending March 2025, it sold all of its holdings in 6 issues and part of its holdings in 9 issues, and reduced its holdings in 2 issues through liquidation, resulting in a reduction of approximately 3%.」
Under the target of reducing cross-shareholdings by 15% or more over 3 years, the Company sold all of its holdings in 6 issues, part of its holdings in 9 issues, and reduced its holdings in 2 issues through liquidation during the fiscal year. - FY2024RaisedAnnual report
「During the fiscal year, the Company sold all of its holdings in 7 issues and part of its holdings in 6 issues. Under the new three-year medium-term management plan, "Transformation for Tomorrow 2027," the Company has set a target of reducing its cross-shareholdings by 15% or more over the 3 years from the fiscal year ending March 2025 through the fiscal year ending March 2027.」
Following the sale of all holdings in 23 issues and part of the holdings in 2 issues in the previous fiscal year, the Company sold all of its holdings in 7 issues and part of its holdings in 6 issues. It has also set a numerical target of reducing its holdings by 15% or more between the fiscal year ending March 2025 and the fiscal year ending March 2027. - FY2023AdvancedAnnual report
「Following a review of the appropriateness of the holdings, the Company sold all of its holdings in 23 issues and part of its holdings in 2 issues during the fiscal year.」
Based on a review against cost of capital and other factors, the Company sold all of its holdings in 23 issues and part of its holdings in 2 issues during the fiscal year. - FY2020First statedAnnual report
「The Company intends to reduce its cross-shareholdings as necessary. Following a review by the Board of Directors in fiscal 2019, it confirmed that the sale of some holdings should be considered as necessary.」
Individual holdings were reviewed based on trading conditions, business strategy, investment returns and cost of capital, and the Company confirmed in fiscal 2019 that the sale of some holdings should be considered.