Policy for Holding and Reducing Cross-Shareholdings
First written in FY2023. 2 of 4 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares, 1, ¥145.214 million.」
Under its policy of reviewing the rationale for cross-shareholdings and reducing or selling holdings without such rationale, the Company sold 1 unlisted holding for ¥145.214 million. - FY2025RestatedAnnual report
「The Company holds an appropriate number of cross-held shares only where, following sufficient review, it determines that there is a rational basis for holding them, such as maintaining and strengthening business relationships or maintaining and developing business alliances that contribute to higher medium- to long-term corporate value.」
The Company reiterates its policy of limiting cross-shareholdings to rationally justified holdings and reducing or selling those without such justification after Board review. - FY2024-Q3AdvancedAnnual report
「Although investments and other assets decreased by ¥5.521 million, this was mainly because investment securities decreased by ¥4.178 million following the partial sale of held shares.」
The Company sold part of its held shares, reducing investment securities by ¥4.178 million. The text does not specify whether the shares were cross-shareholdings. - FY2023First statedAnnual report
「The Company holds an appropriate number of cross-held shares only where, following sufficient review, it determines that there is a rational basis for holding them, such as maintaining and strengthening business relationships or maintaining and developing business alliances that contribute to higher medium- to long-term corporate value. The Board of Directors will periodically verify the significance and economic rationality of its holdings. Shares for which no rational basis is found will be reduced or sold as appropriate after dialogue with the issuer.」
The Company newly disclosed a policy of holding cross-shareholdings only when rationally justified, reviewing them periodically at Board meetings and reducing or selling holdings without such justification.