Reviewing and Reducing Cross-Shareholdings
First written in FY2019. 8 of 12 entries say "Advanced", first in FY2020. Latest entry: 2026-08-07.
- 2026-08-07Cited as achievedEarnings
「Net income attributable to owners of the parent was ¥2,253 million, up 23.1% year on year, owing in part to a gain on sales of investment securities recorded following the sale of cross-held shares in accordance with the policy of reducing strategic shareholdings announced in November 2024.」
Sales in accordance with the policy of reducing strategic shareholdings were cited as a factor behind the increase in quarterly net income. - FY2026AdvancedAnnual report
「In November 2024, the company announced a policy of targeting a ratio of policy-held shares to consolidated net assets of approximately 10% at the end of March 2027, and disposed of all or part of 4 issues during the fiscal year, comprising 1 unlisted issue and 3 issues other than unlisted shares.」
The company disposed of a total of 8 issues, including 7 listed issues, between November 2024 and March 2026, for disposal proceeds of ¥1,683 million. Policy-held shares represented 17.4% of consolidated net assets, and the company continues to reduce its holdings toward the target of approximately 10% at the end of March 2027. - FY2026-H1AdvancedAnnual report
「Intermediate net income attributable to owners of the parent was ¥3,400 million, up 7.0% year on year, mainly due to the recognition of extraordinary gains from the sale of policy-held shares.」
The company recognized extraordinary gains from the sale of policy-held shares, contributing to an increase in intermediate net income attributable to owners of the parent. In the interim consolidated statement of income, it recognized a gain on sales of investment securities of ¥359 million. - FY2025RaisedAnnual report
「In November 2024, the company announced a policy of targeting a ratio of policy-held shares to consolidated net assets of approximately 10% at the end of March 2027, and sold 4 issues during the fiscal year. It will continue working toward achieving the target at the end of March 2027.」
In addition to its existing policy of reviewing and selling holdings sequentially on an issue-by-issue basis, the company set a quantitative target of reducing policy-held shares as a percentage of consolidated net assets from 18.7% at the end of March 2024 to approximately 10% at the end of March 2027, and sold 4 issues during the fiscal year. - FY2024AdvancedAnnual report
「During the fiscal year, the Board of Directors meeting held in January 2024 verified the effectiveness of the shares held.」
Regarding policy-held shares, the Board of Directors verified the effectiveness of the holdings in January 2024, and the company has stated a policy of promoting further reductions during the VENTURE-5 period. The reduction of 1 unlisted issue and 1 issue other than unlisted shares was also disclosed. - FY2022AdvancedAnnual report
「During the fiscal year, the Board of Directors meeting held in January 2022 verified the effectiveness of the shares held.」
Regarding policy-held shares, the Board of Directors verified the effectiveness of the holdings in January 2022, and the company reduced its holdings by 2 unlisted issues and 1 listed issue during the fiscal year. - FY2021AdvancedAnnual report
「During the fiscal year, the Board of Directors meeting held in January 2021 verified the effectiveness of the shares held.」
Regarding policy-held shares, the Board of Directors verified the effectiveness of the holdings in January 2021, and the company continues to review them, including selling or reducing its shareholdings. - FY2020AdvancedAnnual report
「The company discusses and reviews its shareholdings at Board of Directors meetings every year. For securities that no longer qualify as policy-held shares, it considers measures including sales and is selling them sequentially. It will continue reviewing them, including reducing holdings when, in light of changes in circumstances, it determines that continued ownership is no longer reasonable.」
The company states that the Board of Directors verifies its policy-held shares and that it is selling, on a sequential basis, securities that no longer qualify as policy-held shares. - FY2019First statedAnnual report
「The company discusses and reviews its shareholdings at Board of Directors meetings every year. For securities that no longer qualify as policy-held shares, it considers measures including sales, and will continue reviewing them, including reducing holdings when, in light of changes in circumstances, it determines that continued ownership is no longer reasonable.」
The company has stated a policy of verifying the consistency of policy-held shares with business relationships and the cost of capital, and selling or reducing holdings for securities whose ownership is not deemed reasonable.