Reviewing the Economic Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 2 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026Update on Acquisitions and Sales of Cross-ShareholdingsAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
The company continues its policy of annually reviewing the rationale for holding shares through the Board of Directors. During the fiscal year, it sold no shareholdings, while the number of shares in 4 holdings increased through an employee shareholding association for business partners. - FY2025Update on Acquisitions and Sales of Cross-ShareholdingsAnnual report
「Shares other than unlisted shares 4 12,175 Acquisition of shares through an employee shareholding association for business partners」
For cross-held shares, the number of shares in 4 holdings increased through an employee shareholding association for business partners, while 1 holding was sold for ¥13.004 million. The company continues its policy of reviewing the rationale for holding shares annually through the Board of Directors. - FY2024Update on increases and sales of held sharesAnnual report
「For held shares, in addition to the qualitative considerations above, the Board of Directors reviews the rationale for holding each investment annually, referring to returns such as related revenue and dividends received, and proceeds with the sale of shares whose holding rationale is limited.」
The company continues its policy of verifying economic rationale and conducting annual reviews at Board of Directors meetings. During the fiscal year, it sold no shareholdings, while the number of shares in 4 holdings increased through an employee shareholding association for business partners and other channels. - FY2022AdvancedAnnual report
「For held shares, in addition to the qualitative considerations above, the Board of Directors reviews the rationale for holding each investment annually, referring to returns such as related revenue and dividends received, and proceeds with the sale of shares whose holding rationale is limited.」
The company continues its policy of annually reviewing and selling cross-held shares, and during the fiscal year sold 1 unlisted shareholding, recording proceeds of ¥35 million. - FY2020AdvancedAnnual report
「For held shares, in addition to the qualitative considerations above, the Board of Directors reviews the rationale for holding each investment annually, referring to returns such as related revenue and dividends received, and proceeds with the sale of shares whose holding rationale is limited.」
The company sold 3 cross-held shareholdings during the fiscal year and recorded proceeds of ¥24.012 million. This demonstrates the annual Board of Directors review and the policy of selling such shares. - FY2019First statedAnnual report
「When holding listed shares for purposes other than pure investment, the company comprehensively assesses their economic rationale, including whether it can be expected to generate revenue by strengthening relationships for business strategy purposes and whether holding the shares offers medium- to long-term revenue opportunities. For held shares, in addition to the qualitative considerations above, the Board of Directors reviews the rationale for holding each investment annually, referring to returns such as related revenue and dividends received, and proceeds with the sale of shares whose holding rationale is limited.」
For cross-shareholdings, the company has for the first time stated a policy of assessing their economic rationale based on business-strategy relationships and revenue opportunities, reviewing them annually at Board of Directors meetings, and selling shares whose holding rationale is limited.