Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 6 of 10 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Stock issues whose number of shares decreased during the fiscal year Unlisted shares 3 ¥203.318 million」
Regarding cross-shareholdings, the company sold 3 unlisted stock issues and recorded sale proceeds of ¥203.318 million. It also reiterated its policy of disposing of and reducing unnecessary shares. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 September 2025, the company resolved to sell part of its investment securities and made the sale as described below.」
For the purpose of reducing cross-shareholdings and improving capital efficiency, the company sold 1 unlisted security on 3 October 2025 and recorded a gain on the sale of investment securities of ¥183.800 million. - FY2025RestatedAnnual report
「As a result, the company partially sold 1 stock issue during the fiscal year and continued to consider its response in the following fiscal years and thereafter.」
Regarding cross-shareholdings, the company continued its policy of individual reviews by the Board of Directors, the partial sale of 1 stock issue and consideration of future reductions. - FY2023RestatedAnnual report
「As a result, the company sold 1 stock issue during the fiscal year and continued to consider its response in the following fiscal years and thereafter.」
Regarding cross-shareholdings, the company reaffirmed its policy of selling 1 stock issue during the fiscal year and continuing to consider reductions in the following fiscal years and thereafter. The sale price was ¥100.302 million. - FY2023-Q2AdvancedAnnual report
「Proceeds from the sale of investment securities: ¥99.672 million」
The sale of investment securities was executed, and proceeds of ¥99.672 million were recorded. However, the text does not specify whether the sale was based on the policy of reducing cross-shareholdings. - FY2022SoftenedAnnual report
「As a result, the company sold 1 stock issue during the fiscal year and continued to consider its response in the following fiscal years and thereafter.」
While the sale of 1 stock issue during the fiscal year continued, the number of stock issues scheduled for sale in the following fiscal years and thereafter, as stated in the previous fiscal year, was not disclosed, and future action was described as continuing to be under consideration. - FY2021AdvancedAnnual report
「As a result, the company sold 2 stock issues during the fiscal year and decided to sell 1 stock issue in the following fiscal years and thereafter.」
Regarding cross-shareholdings, the number of stock issues sold during the fiscal year was 2, and the number scheduled for sale in the following fiscal years and thereafter was set at 1. The reduction progressed from the previous fiscal year's sale of 1 stock issue and decision to sell 4 stock issues. - FY2020AdvancedAnnual report
「As a result, the company sold 4 stock issues during the fiscal year and decided to sell 2 stock issues in the following fiscal years and thereafter.」
Regarding cross-shareholdings, the policy progressed from selling 1 stock issue during FY2019 and deciding to sell 4 stock issues in the following fiscal years and thereafter, to selling 4 stock issues during FY2020 and deciding to sell 2 stock issues thereafter, implementing the reduction. - FY2020-Q3AdvancedAnnual report
「Investment securities decreased by ¥74 million due to the sale of held shares and declines in share prices, among other factors.」
The fact that held shares were sold is reported. The text does not specify the relationship to the policy of reducing cross-shareholdings or the number of stock issues sold. - FY2019First statedAnnual report
「At a meeting of the Board of Directors, the company verifies for each stock issue whether continued ownership is appropriate and necessary, based on the appropriateness of the ownership purpose and the benefits and risks associated with ownership, using transaction amounts for sales and purchases of a certain scale and financial transaction amounts, among other criteria, for investment shares held as of the end of the fiscal year for purposes other than pure investment. As a result, the company sold 1 stock issue during the fiscal year and decided to sell 4 stock issues in the following fiscal years and thereafter.」
Regarding cross-shareholdings, the Board of Directors conducted an individual review based on business relationships, benefits and risks, and for the first time specifically stated a policy of selling 1 stock issue during the fiscal year and 4 stock issues in the following fiscal years and thereafter.