Quantitative and qualitative assessment and reduction of cross-shareholdings
First written in FY2019. 2 of 6 entries say "Raised", first in FY2021. Latest entry: FY2026.
- FY2026RestatedAnnual report
「At a Board of Directors meeting held in May 2025, the company comprehensively evaluated its 11 cross-shareholdings, including quantitative and qualitative factors, and decided to continue holding them. It will continue to scrutinize the rationale for ownership and proceed with the sale of holdings that do not meet the criteria.」
For the 11 cross-shareholdings, the company has reiterated its previous year's policy of conducting quantitative and qualitative evaluations and continuing to hold them, while stating that it will continue selling holdings that do not meet the criteria. - FY2025SoftenedAnnual report
「At a Board of Directors meeting held in May 2025, the company reviewed all shares held as cross-shareholdings, covering 11 companies, based on the status of the holdings, risk and return, the significance of transactions and the overall significance of ownership, and confirmed that continued ownership of all of them was appropriate.」
For cross-shareholdings, the description has changed from the previous policy of reducing holdings in all listed companies to a statement that, after reviewing 11 companies, continued ownership of all of them was confirmed to be appropriate. - FY2022RaisedAnnual report
「At a Board of Directors meeting held in May 2022, the company reviewed all shares held as cross-shareholdings, covering 20 companies, based on the status of the holdings, risk and return, the significance of transactions and the overall significance of ownership, and decided to reduce its holdings in all listed companies.」
The scope of the policy was expanded from the 20 cross-shareholdings subject to review to reducing holdings in all listed companies. During the fiscal year, the number of shares held in 8 companies decreased. - FY2021RaisedAnnual report
「At a Board of Directors meeting held in May 2021, the company reviewed all shares held as cross-shareholdings, covering 20 companies, based on the status of the holdings, risk and return, the significance of transactions and the overall significance of ownership, and decided to reduce its holdings in 8 companies.」
The number of companies subject to the review of cross-shareholdings was 20, and the scope of the reduction policy was expanded from the previous 2 and 3 companies to 8 companies. During the fiscal year, all shares in 3 companies were sold. - FY2020AdvancedAnnual report
「At a Board of Directors meeting held in March 2020, the company reviewed all shares held as cross-shareholdings, covering 23 companies, based on the status of the holdings, risk and return, the significance of transactions and the overall significance of ownership. In addition to the 2 holdings already designated for sale during the fiscal year, the company decided to sell shares in 1 additional company whose ownership was determined to have no significance, for a total of 3 companies.」
The company reviewed 23 cross-shareholdings and expanded the scope of its sale policy from the previous 2 companies to a total of 3. It also stated that the number of shares held in 5 companies had actually decreased. - FY2019First statedAnnual report
「Each year, the Board of Directors verifies and evaluates whether it is appropriate to continue holding all cross-shareholdings by comprehensively considering quantitative evaluations such as transaction performance and returns from the holdings, qualitative evaluations of the status of business relationships based on the holding policy and the background to and strategic significance of the acquisition, and the risks associated with the holdings. The Company decided to sell shares in 2 companies whose significance of ownership was not recognized or had diminished.」
The Board reviewed 27 cross-shareholdings and stated a policy of selling shares in 2 companies whose ownership was no longer considered meaningful or whose significance had diminished.