Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2020. 6 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Under the "2026 Medium-Term Management Plan," the Company aims to reduce the balance of strategic shareholdings, including deemed holdings, to less than 20% of consolidated net assets. We will continue reducing these holdings while reviewing trends in transaction volumes with business partners and our future relationships with them. As of the end of March 2026, the Company's strategic shareholdings represented 15.7% of net assets.」
The ratio of strategic shareholdings rose from 14.8% at the end of March 2025 to 15.7%, but remained below the target of less than 20%. During the fiscal year, the Company sold 2 shareholdings other than unlisted shares, for total sale proceeds of ¥8.759 billion. - 2026-06-03OtherGeneral Meetings of Shareholders
「As of the end of March 2026, the ratio of the company's cross-shareholdings to net assets was 15.7%, an increase of 0.9 percentage points from the end of the previous fiscal year.」
The ratio of cross-shareholdings to net assets remains below the target of less than 20%, although it increased by 0.9 percentage points from the end of the previous fiscal year. - FY2025AdvancedAnnual report
「Under the "2026 Medium-Term Management Plan," the Company aims to reduce the balance of strategic shareholdings, including deemed holdings, to less than 20% of consolidated net assets. We will continue reducing these holdings while reviewing trends in transaction volumes with business partners and our future relationships with them. As of the end of March 2025, the Company's strategic shareholdings represented 14.8% of net assets.」
The Company has disclosed a time-bound target of less than 20% for strategic shareholdings and reported a ratio of 14.8% as of the end of March 2025. During the fiscal year, it sold 3 shareholdings other than unlisted shares, for total sale proceeds of ¥8.28 billion. - FY2024-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 February 2024, the Company resolved to sell part of its investment securities. 1. Purpose of the sale of investment securities To review strategic shareholdings and improve capital efficiency in accordance with the Basic Policy on Corporate Governance. 2. Details of the sale of investment securities (1) Type of shares to be sold: Listed securities held by the Company (2) Sale period: Through the end of March 2024 (3) Gain on sale of investment securities: ¥15 billion (The gain on sale of investment securities is an estimated amount calculated based on the current share price of the relevant securities and the maximum number of shares scheduled to be sold. It may change depending on future share price movements, revisions to the number of shares to be sold and other factors.)」
The Board of Directors resolved to sell part of the listed securities held by the Company by the end of March 2024, with the aim of reviewing strategic shareholdings and improving capital efficiency. The gain on sale was presented as an estimated ¥15 billion. - FY2023AdvancedAnnual report
「Following our review, we are proceeding with the sale of certain shares whose strategic rationale has become limited, while taking into consideration the impact on the market and other factors.」
The Company completed the sale of all shares in 2 strategic shareholdings during the fiscal year and recorded total sale proceeds of ¥67 million. - FY2022AdvancedAnnual report
「Following our review, we are proceeding with the sale of certain shares whose strategic rationale has become limited, while taking into consideration the impact on the market and other factors.」
The Company sold 3 strategic shareholdings other than unlisted shares during the fiscal year and recorded total sale proceeds of ¥98 million. - FY2021AdvancedAnnual report
「Following our review, we are proceeding with the sale of certain shares whose strategic rationale has become limited, while taking into consideration the impact on the market and other factors.」
The Company sold 6 strategic shareholdings during the fiscal year and recorded total sale proceeds of ¥664 million. - FY2020First statedAnnual report
「We will review trends in transaction volumes with business partners and our future relationships with them, and work to reduce holdings of shares whose strategic rationale is determined to be insufficient.」
The Company has stated a policy of reviewing its strategic shareholdings and reducing holdings whose strategic rationale is limited, based on an examination of business relationships and other factors.