Reviewing the Rationale for Cross-Shareholdings and Selling Shares
First written in FY2023. 4 of 7 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues with reduced shareholdings during the fiscal year Listed shares 26 29,538 Unlisted shares 2 401」
Based on its rationale assessments, the company reduced its holdings of 26 listed issues during the fiscal year, with sale proceeds of ¥29.538 billion. The target of reducing holdings by ¥25 billion on an acquisition-cost basis by the end of FY2026 remains in place. - FY2026-H1AdvancedAnnual report
「Consolidated ordinary income increased by ¥16.399 billion year on year to ¥138.004 billion, mainly because other ordinary income increased following the sale of policy-held shares and other assets.」
The company disclosed that it sold policy-held shares and other assets, resulting in an increase in other ordinary income. The sale amount and progress toward the reduction target were not stated. - FY2024RaisedAnnual report
「In addition, the company's FY2024 medium-term management plan sets a target of reducing policy-held listed shares by ¥25 billion on an acquisition-cost basis by the end of FY2026, and the company is proceeding with the reduction of such holdings.」
In addition to annual rationale assessments and a sales policy, the company has set a quantitative target of reducing policy-held listed shares by ¥25 billion by the end of FY2026. - FY2023First statedAnnual report
「At The Iyo Bank, Ltd., at least once a year, the results of an individual assessment of the rationale for holding each equity investment are submitted to our Board of Directors for consideration (most recently in May 2023). For holdings deemed to have insufficient rationale, we negotiate improved transaction terms and, if no improvement can be achieved, will proceed with sales after obtaining the investee company's full understanding.」
The company has stated a policy of assessing the rationale for holdings from both investment and policy perspectives and selling holdings with insufficient rationale. During the fiscal year, it reduced its holdings by 18 listed issues and 3 unlisted issues.