Testing the Rationale for Cross-Shareholdings and Reducing Holdings
First written in FY2019. 4 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the company sold shares in 1 holding.」
The company sold 1 cross-shareholding, with total sale proceeds of ¥1.425 billion. - FY2025SoftenedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
There were no sales or reductions of cross-shareholdings during the year, while the company acquired 1 holding through a business partner stock ownership association. - FY2024AdvancedAnnual report
「Securities for which the number of shares decreased during the fiscal year Shares other than unlisted shares 2 Total sale proceeds related to the decrease in the number of shares (¥ million) 513」
The company sold 2 holdings other than unlisted shares and reduced its cross-shareholdings, with total sale proceeds of ¥513 million. - FY2023AdvancedAnnual report
「Securities for which the number of shares decreased during the fiscal year Unlisted shares 1 Total sale proceeds related to the decrease in the number of shares (¥ million) 1,000」
The company sold 1 unlisted holding and reduced its cross-shareholdings, with total sale proceeds of ¥1 billion. - FY2021AdvancedAnnual report
「Securities for which the number of shares decreased during the fiscal year Unlisted shares — Shares other than unlisted shares 2 Total sale proceeds related to the decrease in the number of shares (¥ million) 271」
Following a review of the rationale for its cross-shareholdings, the company sold 2 holdings other than unlisted shares and reduced its holdings. - FY2019First statedAnnual report
「Each year, the Board of Directors comprehensively considers the risks of holding each individual stock and the benefits obtained through maintaining and strengthening business relationships and cooperation, among other factors. From a medium- to long-term perspective, it verifies the rationale for holding shares for purposes other than pure investment and decides whether to continue holding or reduce each position.」
For cross-shareholdings, the company has for the first time documented a policy of reviewing the risks of holding the shares and the benefits of the business relationships each year, then deciding whether to maintain or reduce the holdings.