Policy for Reviewing and Reducing Strategic Shareholdings
First written in FY2019. 6 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues with a decrease in the number of shares during the fiscal year: shares other than unlisted shares, 2 issues, ¥334 million」
The review of cross-shareholdings continued, and 2 issues other than unlisted shares were sold for sale proceeds of ¥334 million. In addition, 1 issue of unlisted shares was acquired for ¥49 million for the purpose of collaboration through synergies with technology. - FY2025AdvancedAnnual report
「Some holdings were also sold during the fiscal year.」
The review of cross-shareholdings continued, and 2 issues other than unlisted shares were sold for total sale proceeds of ¥326 million. - FY2023AdvancedAnnual report
「Some holdings were also sold during the fiscal year.」
The review of cross-shareholdings continued, and 2 issues other than unlisted shares were sold in fiscal 2022 for total sale proceeds of ¥133 million. - FY2022AdvancedAnnual report
「As a result, we identified some issues for which we will consider selling in the future because of a decline in the significance of the holding or other factors. We also sold some holdings during the fiscal year.」
The review of cross-shareholdings continued, and 3 issues other than unlisted shares were sold during the fiscal year for total sale proceeds of ¥2,831 million. - FY2021AdvancedAnnual report
「As a result, we identified some issues for which we will consider selling in the future because of a decline in the significance of the holding or other factors. We also sold some holdings during the fiscal year.」
The review of cross-shareholdings continued, and 10 issues were sold during the fiscal year for total sale proceeds of ¥920 million. - FY2020AdvancedAnnual report
「For every individual issue, we verified the status of related income, including dividends and profits from related transactions, compared with the cost of capital on the balance-sheet value. As a result, we confirmed that related income exceeded the cost of capital for most of the issues reviewed. We also confirmed the qualitative significance of each individual holding. As a result, we identified some issues for which we will consider selling in the future because of a decline in the significance of the holding or other factors. Accordingly, we sold some holdings during the fiscal year.」
Cross-shareholdings were reviewed individually, and after confirming their comparison with the cost of capital and their qualitative significance, some holdings were sold during the fiscal year. - FY2019First statedAnnual report
「Every year, our Board of Directors reviews cross-shareholdings and examines and verifies, in addition to their compliance with our holding policy, whether the benefits and risks associated with holding them are commensurate with the cost of capital. If it determines that the significance of a holding is limited, it follows a policy of reducing the holding.」
For cross-shareholdings, the company for the first time expressly stated a policy of annually verifying the comparison with the cost of capital and the qualitative significance of each holding, and reducing holdings with limited significance.