Reduction and sale of cross-shareholdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2022. Latest entry: 2026-09-24.
- 2026-09-24AdvancedOther Disclosures
「The company regards this sale as part of its efforts to reduce and eliminate cross-shareholdings in line with the intent of Japan's Corporate Governance Code. It expects the sale to increase the ratio of tradable shares in the company's stock, contributing to improved market liquidity and a broader investor base.」
The company disclosed concrete progress under its policy of reducing and selling cross-shareholdings, with the entire approximately 7% stake to be sold. - FY2025No sale of cross-shareholdings; increase of 1 holding.Annual report
「(Holdings for which the number of shares decreased during the fiscal year) Unlisted shares — —; Shares other than unlisted shares — —」
Although the company maintained its policy of reducing holdings to the minimum necessary, there was no decrease in the number of shares through sales during the fiscal year, and the number of shares in 1 listed holding increased to strengthen its relationship with a business partner. - FY2022AdvancedAnnual report
「(Holdings for which the number of shares decreased during the fiscal year) Unlisted shares 3 47; Shares other than unlisted shares 2 93」
Under its policy of reducing cross-shareholdings, the number of shares decreased during the fiscal year for 3 unlisted holdings and 2 listed holdings. - FY2019First statedAnnual report
「Under its basic policy of keeping cross-shareholdings to the minimum necessary and reducing them, the company conducts an annual comprehensive review by the Board of Directors of each cross-held shareholding, based on both quantitative and qualitative assessments, including the purpose of the holding and its economic rationale. Shares judged to have little significance as holdings or no longer to have a reasonable rationale will be sold successively.」
The company described for the first time, as a standalone initiative, its policy of reducing cross-shareholdings to the minimum necessary and selling them successively after annual reviews. During the fiscal year, the number of shares declined for 2 unlisted holdings and 4 listed holdings.