Testing the rationale for and reducing cross-shareholdings
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: shares other than unlisted shares 4 150」
The company sold 4 strategic shareholdings for total proceeds of ¥150 million. It also recognized a ¥135 million gain on the sale of securities from the partial sale of strategic shareholdings aimed at improving capital efficiency. - FY2025RestatedAnnual report
「For investment shares held for purposes other than pure investment, the Board of Directors verifies the rationale for holding them based on their purpose, benefits, cost of capital, and other factors. If this review determines that continued ownership of a shareholding is not sufficiently meaningful, the company will reduce the holding while monitoring the share price.」
The company continues to have the Board of Directors review the rationale for strategic shareholdings based on their purpose, benefits, and cost of capital, and to reduce holdings deemed to have little significance. - FY2022RestatedAnnual report
「For investment shares held for purposes other than pure investment, the Board of Directors verifies the rationale for holding them based on their purpose, benefits, cost of capital, and other factors. If this review determines that continued ownership of a shareholding is not sufficiently meaningful, the company will reduce the holding while monitoring the share price.」
The company continues to review the rationale for strategic shareholdings based on their purpose, benefits, and cost of capital, and to reduce holdings deemed to have little significance. - FY2020RestatedAnnual report
「For investment shares held for purposes other than pure investment, the Board of Directors verifies the rationale for holding them based on their purpose, benefits, cost of capital, and other factors. If this review determines that continued ownership of a shareholding is not sufficiently meaningful, the company will reduce the holding while monitoring the share price.」
The company continues to review the rationale for strategic shareholdings based on their purpose, benefits, and cost of capital, and to reduce holdings deemed to have little significance. - FY2019First statedAnnual report
「For investment shares held for purposes other than pure investment, the Board of Directors verifies the rationale for holding them based on their purpose, benefits, cost of capital, and other factors. If this review determines that continued ownership of a shareholding is not sufficiently meaningful, the company will reduce the holding while monitoring the share price.」
The company has for the first time stated a policy of reviewing the rationale for strategic shareholdings at the Board of Directors based on their purpose, benefits, and cost of capital, and reducing holdings deemed to have little significance.