Review of the Appropriateness of Holding Cross-Shareholdings and Reduction
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares: 1 Shares other than unlisted shares: 5」
For policy-held shares, the company reduced the number of shares held in 1 unlisted issue and 5 listed issues, and continued reducing them based on the cost of capital and other factors. At the same time, it also disclosed the acquisition of shares in 5 unlisted issues deemed strategically necessary. - FY2025AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares: 1 Shares other than unlisted shares: 1」
For policy-held shares, the company reduced the number of shares held in 1 unlisted issue and 1 listed issue, and continued its reviews and reductions based on the cost of capital and other factors. - FY2024AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares: 14 Shares other than unlisted shares: 3」
The company continued reducing its policy-held shares, with the number of shares decreasing in 14 unlisted issues and 3 listed issues. At the same time, it made acquisitions it deemed strategically necessary, including additional purchases of shares in 富士石油. - FY2023AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares: 12 Shares other than unlisted shares: 3」
For policy-held shares, the company reduced the number of shares held in 12 unlisted issues and 3 listed issues, and continued its reviews and reductions based on the cost of capital and other factors. - FY2022AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares: 2 Shares other than unlisted shares: 5」
For policy-held shares, the company reduced its holdings by 2 unlisted issues and 5 listed issues, and continued its reviews and reductions based on the cost of capital and other factors. - FY2021AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares: 3 Shares other than unlisted shares: 6」
For policy-held shares, the company reduced its holdings by 3 unlisted issues and 6 listed issues, and proceeded with reviews and reductions based on the cost of capital, benefits and risks. - FY2020AdvancedAnnual report
「We hold shares that we determine are necessary to maintain and expand medium- to long-term business relationships, but each year we verify the appropriateness of holding policy-held shares by the following method and proceed with reducing them.」
For policy-held shares, the company reduced its holdings by 3 unlisted issues and 17 listed issues, and proceeded with reviews and decisions on sales by the board of directors based on the cost of capital and other factors. - FY2019First statedAnnual report
「We hold shares that we determine are necessary to maintain and expand medium- to long-term business relationships, but each year we verify the appropriateness of holding policy-held shares by the following method and proceed with reducing them.」
For policy-held shares, the company conducts quantitative assessments of benefits and risks commensurate with the cost of capital, as well as qualitative assessments of business stability and other factors, and has for the first time described as an independent theme its policy of having the board of directors determine whether sales are appropriate.