Reviewing the Rationale for and Potential Reduction of Cross-Shareholdings
First written in FY2020. 7 of 8 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares — — / shares other than unlisted shares 2 47」
Based on its assessment of the rationale for its cross-shareholdings, the Company sold 2 listed shareholdings during the fiscal year and recorded total proceeds of ¥47 million. - FY2025AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares 1 3 / shares other than unlisted shares 2 132」
Based on its assessment of the rationale for its cross-shareholdings, the Company sold 1 unlisted shareholding and 2 listed shareholdings during the fiscal year. - FY2024AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares — — / shares other than unlisted shares 1 3,412」
Based on its policy of assessing the rationale for and reducing cross-shareholdings, the Company sold 1 listed shareholding during the fiscal year and recorded proceeds of ¥3,412 million. - FY2024-Q3AdvancedAnnual report
「The Company sold investment securities as follows and recognised a gain on sale of investment securities. 1. Period in which the gain on sale of investment securities arose: January 2024. 2. Reason for the sale of investment securities: To review cross-shareholdings, strengthen the financial position and improve asset efficiency in accordance with the Corporate Governance Code. At a meeting of the Board of Directors held on 12 January 2018, the Company resolved to sell such holdings as appropriate following review. 3. Details of the gain on sale of investment securities: (1) Shares sold: 1 listed security held by the Company (2) Gain on sale of investment securities: ¥1,099 million」
For the purposes of reviewing cross-shareholdings, strengthening its financial position and improving asset efficiency, the Company planned to sell 1 listed security in January 2024 and record a gain on sale of ¥1,099 million in the fourth quarter. - FY2024-Q2AdvancedAnnual report
「(1) Shares sold: 1 listed security held by the Company (2) Gain on sale of investment securities: ¥1,400 million」
For the purposes of reviewing cross-shareholdings, strengthening its financial position and improving asset efficiency, the Company planned to sell 1 listed security in October 2023 and record a gain on sale of ¥1,400 million. - FY2023AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares — — / shares other than unlisted shares 5 527」
Based on its assessment of the rationale for the holdings, the Company sold 5 listed cross-shareholdings during the fiscal year and recorded total proceeds of ¥527 million. - FY2022AdvancedAnnual report
「After assessing the purpose and rationale of the holdings, the Company sold all of its shares held during the fiscal year.」
Based on its assessment of the rationale for its cross-shareholdings, the Company sold all 100,000 shares of Nippon Sanso Holdings and recognised ¥225 million. - FY2020First statedAnnual report
「In addition to quantitative analysis of trends in the share price and market capitalisation, dividends received and dividend yield, and ROE over the past 5 years, the Company conducts qualitative analysis of medium- to long-term economic rationality and future prospects. After comprehensively determining whether it is appropriate to continue holding each investment, the Board of Directors periodically explains the purpose and rationale for the holdings. Based on the results of this analysis and other factors, the Company is also considering reducing its holdings sequentially.」
For cross-shareholdings, the Company stated for the first time a specific policy of assessing their rationale from both quantitative and qualitative perspectives and considering reductions sequentially based on the results.