¥16 billion reduction in strategic shareholdings over approximately three years
First written in FY2024. 3 of 7 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
- FY2026RaisedAnnual report
「To improve capital efficiency over the medium to long term, we plan to reduce listed shares by at least ¥300 billion, on a market-value basis, from the second half of FY2024 through FY2028.」
Raised the cross-shareholding reduction target from at least ¥100 billion to at least ¥300 billion. In FY2025, sold 14 listed shares and disclosed proceeds of ¥157,413 million. - FY2025RaisedAnnual report
「To improve capital efficiency over the medium to long term, we plan to reduce listed shares by at least ¥100 billion, on a market-value basis, from the second half of FY2024 through FY2028.」
Expanded the cross-shareholding reduction plan from ¥16 billion on a book-value basis over approximately 3 years from FY2022 to at least ¥100 billion on a market-value basis from the second half of FY2024 through FY2028. - FY2025-H1AdvancedAnnual report
「These targets form the strategic objectives of the Second Medium-Term Management Plan, covering April 2026 through March 2029, and are substantially more ambitious than before. The plan seeks a sharp improvement in ROE and accelerated investment in the next generation of growth companies, and sets target levels for four indicators: ROE based on net assets, profit attributable to owners of the parent, growth investment centered on venture investment, and reduction of cross-shareholdings.」
Positions the reduction of cross-shareholdings as one of the four target indicators under the Second Medium-Term Management Plan. No new specific reduction amount is stated here. - FY2024First statedAnnual report
「To improve capital efficiency over the medium to long term, we planned to reduce listed shares by ¥16 billion over approximately 3 years from FY2022, equivalent to approximately 10% of their book value at March 2022.」
Specifies the amount and period for reducing cross-shareholdings to improve capital efficiency.