Decisions on Continuing Strategic Shareholdings and Verification of Cost of Capital
First written in FY2019. 4 of 7 entries say "Advanced", first in FY2021. Latest entry: 2026-09-16.
- 2026-09-16AdvancedOccurring Fact
「From the perspective of improving capital efficiency and limiting the risks associated with our holdings, we are working to reduce our cross-shareholdings. As part of these efforts, we hereby announce that we sold cross-shareholdings as described below.」
The company disclosed the specific sale of 1 listed security as part of its reduction of cross-shareholdings, recording proceeds of ¥395 million and a gain on the sale of investment securities of ¥321 million. - FY2025AdvancedAnnual report
「During the fiscal year, the number of shares decreased for 1 holding, with total proceeds from the sale of ¥195.898 million.」
Under its policy for reviewing cross-shareholdings, the company sold 1 listed shareholding for ¥195.898 million. It also acquired 1 unlisted shareholding for ¥5 million to strengthen connections with universities and for other purposes. - FY2024AdvancedAnnual report
「During the fiscal year, the number of shares increased for 1 holding. The shares were acquired to establish a cooperative relationship aimed at improving the profitability and expanding the scale of the steel structures business.」
Under a policy of having the Board of Directors assess whether to continue holding cross-shareholdings, the company acquired 1 holding for an acquisition price of ¥100.256 million to improve the profitability and expand the scale of the steel structures business and establish a cooperative relationship. - FY2023RestatedAnnual report
「The Corporate Administration Division reviews the status of transactions with the company and its affiliated companies, as well as the company’s operating performance, financial position, share price and dividends. Based on the review materials, the director responsible reports to the Board of Directors, which comprehensively considers whether continued share ownership would maintain and strengthen the business relationship with the company and contribute to our medium- to long-term growth and earnings expansion, and whether it is appropriate from the perspective of the cost of capital, before examining whether to continue holding the shares.」
The company continues to have the Board of Directors assess its cross-shareholdings based on transaction status, operating performance, financial position, share prices, dividends and the cost of capital. - FY2022RestatedAnnual report
「The Corporate Administration Division reviews the status of transactions with the company and its affiliated companies, as well as the company’s operating performance, financial position, share price and dividends. Based on the review materials, the director responsible reports to the Board of Directors, which comprehensively considers whether continued share ownership would maintain and strengthen the business relationship with the company and contribute to our medium- to long-term growth and earnings expansion, and whether it is appropriate from the perspective of the cost of capital, before examining whether to continue holding the shares.」
The company continues to have the Board of Directors assess its cross-shareholdings based on transaction status, operating performance, financial position, share prices, dividends and the cost of capital. - FY2021AdvancedAnnual report
「We review the status of transactions with the company and its affiliated companies, as well as the company’s operating performance, financial position, share price and dividends. Based on the review materials, the director responsible reports to the Board of Directors, which comprehensively considers whether continued share ownership would maintain and strengthen the business relationship with the company and contribute to our medium- to long-term growth and earnings expansion, and whether it is appropriate from the perspective of the cost of capital, before examining whether to continue holding the shares.」
The company specified procedures for the Board of Directors to assess continued holdings of cross-shareholdings based on business relationships, operating performance, share prices, dividends and the cost of capital, and sold 1 holding. - FY2019First statedAnnual report
「We comprehensively consider whether holding the shares will help maintain and strengthen business relationships with the relevant company and contribute to our medium- to long-term growth and earnings expansion, as well as whether the holding is appropriate from the perspective of the cost of capital, before considering whether to continue holding them.」
The company stated its policy of comprehensively reviewing cross-shareholdings based on business relationships, their contribution to medium- to long-term growth and earnings, and the appropriateness of the cost of capital, and deciding whether to continue holding them.