Reviewing the Rationale for Cross-Shareholdings and the Policy on Reducing or Selling Them
First written in FY2021. 4 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「(Issues whose number of shares decreased during the current fiscal year) Shares other than unlisted shares 1 10,446」
Under its policy of verifying the reasonableness of strategic shareholdings, the company reduced its holdings of 1 listed issue during the current fiscal year and disclosed the sale price of ¥10.446 million. - FY2025AdvancedAnnual report
「Issues whose number of shares decreased during the current fiscal year Unlisted shares 1 120,240」
Under its policy of verifying the reasonableness of strategic shareholdings, the company sold 1 issue of unlisted shares during the current fiscal year and disclosed the sale price of ¥120.240 million. - FY2024AdvancedAnnual report
「Intimate Merger,Inc. 62,000 62,000 Acquired and held from the current fiscal year for the purpose of establishing, maintaining and strengthening the collaborative relationship.」
The company has specifically updated the composition of its strategic shareholdings, including by holding shares in Intimate Merger,Inc. from the current fiscal year for the purpose of establishing, maintaining and strengthening the collaborative relationship. - FY2022AdvancedAnnual report
「The reasonableness of the holdings is verified by the Board of Directors after indexing the benefits of holding them and comparing those benefits with the cost of capital. Based on the results of the verification, we determined that holding all issues is reasonable.」
The reasonableness of strategic shareholdings was verified by indexing the benefits and comparing them with the cost of capital, and it was determined that holding all issues was reasonable. During the year, the company also disclosed new acquisitions for collaboration purposes and reductions in certain holdings. - FY2021First statedAnnual report
「With respect to listed investment shares held for purposes other than pure investment, the Company holds them as policy-held shares only where, after comprehensively considering the business relationship between the listed company and the Group, there is a reasonable need to build, maintain or strengthen a good cooperative relationship with that company. The Company’s policy is to reduce or sell listed investment shares whose holding is of insufficient significance.」
For policy-held shares, the Company disclosed for the first time a policy of holding shares based on the need arising from cooperative relationships and reducing or selling holdings with insufficient significance, together with a method of verifying benefits by quantifying them and comparing them with the cost of capital.