Shareholdings to maintain and facilitate business relationships
First written in FY2017. 5 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 137 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares — Shares other than unlisted shares 4 Total sale proceeds from reductions in the number of shares (¥ millions) Unlisted shares — Shares other than unlisted shares 292」
For cross-shareholdings, the number of shares decreased for 4 listed holdings during the fiscal year, and sale proceeds of ¥292 million have been disclosed. The policy of generally not holding such shares and the policy of seeking to sell all such holdings by the fiscal year ending March 2032 remain in place. - 2026-05-13SoftenedEarnings presentation materials
「適宜縮減」
政策保有株式について、今回資料では第2ステージの方針を「適宜縮減」と記載している。 - FY2025ReframedAnnual report
「In response to growing market interest in cross-shareholdings in recent years, we have now shifted to a policy of generally not holding such shares. Even for holdings deemed meaningful, we will seek to sell all of them through dialogue with the companies concerned by the end of the next medium-term management plan, which is scheduled to end in the fiscal year ending March 2032.」
The policy for cross-shareholdings has shifted from individual reviews and a reduction policy to a policy of generally not holding such shares, with an explicit policy of selling all such holdings by the fiscal year ending March 2032. - FY2024AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Number of holdings Unlisted shares 1 Shares other than unlisted shares 2 Total sale proceeds from reductions in the number of shares (¥ millions) Unlisted shares 2 Shares other than unlisted shares 338」
For cross-shareholdings, the number of shares decreased for 1 unlisted holding and 2 listed holdings during the fiscal year, and the sale proceeds have been disclosed. The annual review by the Board of Directors of the rationale for holding these shares and the policy of reducing such holdings remain in place. - FY2023AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Number of holdings (holdings) Unlisted shares 1 Shares other than unlisted shares 1 Total sale proceeds from reductions in the number of shares (¥ millions) Unlisted shares 394 Shares other than unlisted shares 7」
For cross-shareholdings, the number of shares decreased for 1 unlisted holding and 1 listed holding during the fiscal year, and the sale proceeds have been disclosed. The annual review by the Board of Directors of the rationale for holding these shares and the policy of reducing such holdings remain in place. - FY2021AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Number of holdings (holdings) Unlisted shares — Shares other than unlisted shares 1 Total sale proceeds from reductions in the number of shares (¥ millions) Unlisted shares — Shares other than unlisted shares 216」
For cross-shareholdings, the number of shares decreased for 1 listed holding during the fiscal year, and sale proceeds of ¥216 million have been disclosed. - FY2020AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Number of holdings (holdings) Unlisted shares 3 Shares other than unlisted shares 1 Total sale proceeds from reductions in the number of shares (¥ millions) Unlisted shares 420 Shares other than unlisted shares 489」
For cross-shareholdings, the number of shares decreased for 3 unlisted holdings and 1 listed holding during the fiscal year, and the sale proceeds have been disclosed. - FY2019Specified the policy for reviewing and reducing strategic shareholdingsAnnual report
「The Company holds cross-shareholdings to strengthen business relationships with business partners and for other purposes. Each year, the Board of Directors verifies whether the holdings are consistent with these purposes and economically rational, including in terms of the cost of capital. If a holding is deemed inappropriate, the Company will proceed with reducing its cross-shareholdings through sales and other measures.」
The Company explicitly stated its policy of reviewing the purpose and economic rationale of its cross-shareholdings annually through the Board of Directors and selling or reducing holdings deemed inappropriate. - FY2017First statedAnnual report
「Our Group holds securities of certain customers and financial institutions to maintain long-term business relationships.」
The Company states that it holds 54 cross-shareholdings, with a carrying amount on the balance sheet of ¥1,245.7 million, to facilitate business and financial transactions.