Reviewing the Rationale for Policy Shareholdings and Deciding on Reductions
First written in FY2016. 9 of 10 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the number of shares decreased for 1 unlisted holding and 8 holdings other than unlisted shares. Total sale proceeds from the holdings other than unlisted shares were ¥767 million.」
The company continues its policy of reducing cross-shareholdings and its annual review of all holdings. During the fiscal year, it reduced 8 listed holdings. Sale proceeds were ¥767 million. - 2026-05-28AdvancedGeneral Meetings of Shareholders
「Our basic policy is to reduce cross-shareholdings. For shares that we determine can be sold without difficulty after confirming the intentions of the companies concerned, we are proceeding with sales with the approval of the president and representative director.」
The company reaffirmed its basic policy of reducing cross-shareholdings and reported that the number of listed shareholdings decreased from 17 at March 2025 to 15 at March 2026. - FY2025AdvancedAnnual report
「Our basic policy is to reduce cross-shareholdings. For shares that we determine can be sold without difficulty after confirming the intentions of the companies concerned, we are proceeding with sales with the approval of the president and representative director.」
The company specified its policy of reducing cross-shareholdings. During the fiscal year, it reduced 6 listed holdings, with total sale proceeds of ¥425 million. It also continued its annual review of all holdings. - FY2024AdvancedAnnual report
「During the fiscal year, the number of shares decreased for 7 holdings other than unlisted shares. Total sale proceeds from the holdings other than unlisted shares were ¥1,340 million.」
The company continues its annual review of all cross-shareholdings. During the fiscal year, it reduced 7 listed holdings. Sale proceeds increased from ¥183 million in the previous fiscal year to ¥1,340 million. - FY2023AdvancedAnnual report
「During the fiscal year, the number of shares decreased for 1 unlisted holding and 2 holdings other than unlisted shares. Total sale proceeds from the holdings other than unlisted shares were ¥183 million.」
The company continues its annual review of all cross-shareholdings. During the fiscal year, it reduced 1 unlisted holding and 2 listed holdings. Sale proceeds from the listed holdings were ¥183 million. - FY2022AdvancedAnnual report
「During the fiscal year, the number of shares decreased for 1 unlisted holding and 3 holdings other than unlisted shares. Total sale proceeds from the holdings other than unlisted shares were ¥1,912 million.」
The company continues its annual review of all cross-shareholdings. During the fiscal year, it reduced 1 unlisted holding and 3 listed holdings. Sale proceeds from the listed holdings were ¥1,912 million. - FY2021AdvancedAnnual report
「Once a year, the Board of Directors reviews the appropriateness of all cross-shareholdings based on the materials prepared by the Finance Division referred to above.」
The company continues its annual review of all cross-shareholdings. During the fiscal year, the number of shares decreased for 1 unlisted holding and 4 listed holdings. The sale proceeds from the listed holdings were ¥1,124 million. - FY2020AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: 3 holdings other than unlisted shares, ¥2,685 million, due to sales.」
The company continues its annual review of all cross-shareholdings and sold 3 listed holdings for ¥2,685 million. - FY2019AdvancedAnnual report
「The Finance Division regularly considers whether to continue cross-shareholdings from a comprehensive perspective, including a comparison with the company’s cost of shareholders’ equity, after reviewing the benefits and risks of such holdings, including transaction status with investee companies, the investee companies’ financial condition and operating results, gains and losses on the shares held, dividend yields and share-price trends. Once a year, the Board of Directors reviews the appropriateness of all cross-shareholdings based on the materials prepared by the Finance Division.」
For cross-shareholdings, the company specified that it would conduct a review including comparison with the cost of shareholders’ equity, as well as an annual review of all holdings by the Board of Directors. - FY2016First statedAnnual report
「The company holds shares on a cross-shareholding basis only where doing so may enhance its corporate value by maintaining and strengthening business relationships with the investee companies.」
The company regularly reviews transaction status, the investee companies’ financial condition, operating results, share prices and dividends, and states that it will sell shares whose rationale for holding has diminished.