Policy for reviewing and selling strategic shareholdings held for purposes including strengthening business relationships
First written in FY2019. 1 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026Increases and decreases in cross-held shares are both reportedAnnual report
「(Issues whose number of shares increased during the fiscal year) Unlisted shares 1 105,000 To strengthen and expand business relationships (Issues whose number of shares decreased during the fiscal year) Shares other than unlisted shares 1 13,009」
While maintaining its policy of reviewing and selling cross-held shares, the company acquired 1 issue of unlisted shares for ¥105 million to strengthen business relationships and reduced its holding in 1 issue other than unlisted shares for ¥13.009 million. - FY2025No decrease in cross-held sharesAnnual report
「(Issues whose number of shares decreased during the fiscal year) None applicable.」
The company reviewed whether cross-held shares should continue to be held and states that there were no issues whose number of shares decreased during the fiscal year. - FY2024The number of cross-held share issues decreased by 1Annual report
「Issues whose number of shares decreased during the fiscal year Number of issues (Issues) Total sale proceeds related to the decrease in the number of shares (¥ thousand) Shares other than unlisted shares 1 7,192」
The company reviewed whether cross-held shares should continue to be held and states that the number of shares decreased for 1 issue other than unlisted shares during the fiscal year. - FY2022Names of issues with decreases in cross-held shares are reportedAnnual report
「Issues whose number of shares decreased during the fiscal year a. Katakura Industries Co.,Ltd. b. TAKAMATSU CONSTRUCTION GROUP CO.,LTD.」
While maintaining its policy of reviewing whether cross-held shares should continue to be held and selling them when continued ownership is not justified, the company reports 2 issues whose number of shares decreased. - FY2021RestatedAnnual report
「Although no specific criteria have been established for cross-held shares, the company periodically reviews at management meetings and elsewhere whether they should continue to be held, based on information from sales activities and other sources. For shares determined no longer to be appropriate to hold, the company’s policy is to proceed with sales or other measures after engaging in dialogue with the investee company as a shareholder, taking into account its financial position, the share price and market trends.」
The company continues to review whether cross-held shares should continue to be held and maintains a policy of selling them if continued ownership is not justified. - FY2019First statedAnnual report
「The company holds the necessary number of shares as cross-held shares after considering the need for business alliances and stronger business relationships. It also periodically reviews at management meetings and elsewhere whether such shares should continue to be held. For shares determined no longer to be appropriate to hold, the company’s policy is to proceed with sales or other measures after engaging in dialogue with the investee company as a shareholder.」
The company states for the first time that it holds no shares for pure investment purposes and will review the appropriateness of continuing to hold cross-held shares and sell them if continued ownership is not justified.