Reviewing the Rationale for Cross-Shareholdings and Selling Shares
First written in FY2019. 4 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The shares were held strategically to maintain and strengthen business relationships, but the purpose of holding them has been changed to investment purposes with the aim of improving capital efficiency and reviewing the investment portfolio. We are considering sales at appropriate times after comprehensively taking into account market trends, the performance of the issuing companies and their shareholder return policies.」
In addition to reviewing the rationality of strategically held shares, the purpose of holding shares in Kajima Corporation was changed to investment purposes, and 2 strategically held shareholdings were sold during the fiscal year. The approach of improving capital efficiency and reviewing the investment portfolio has been put into concrete practice. - FY2023RaisedAnnual report
「With regard to the sale of strategically held shares, we will in principle proceed with a policy of selling all shares in business partners that have no impact on the business.」
The policy regarding strategically held shares has been broadened from selling holdings that lack a rational basis to, in principle, selling all shares in business partners that have no impact on the business. - FY2021AdvancedAnnual report
「Each year, the Board of Directors considers whether strategically held shares should continue to be held. We are proceeding with the sale of strategically held shares that are determined to lack a rational basis for continued ownership.」
During the fiscal year, holdings in 9 companies were reduced, with sale proceeds of ¥506 million. The company continues to review the rationality of continued ownership and sell the holdings accordingly. - FY2020AdvancedAnnual report
「Each year, the Board of Directors considers whether strategically held shares should continue to be held. We are proceeding with the sale of strategically held shares that are determined to lack a rational basis for continued ownership.」
During the fiscal year, holdings in 6 companies were reduced, generating sale proceeds of ¥720 million. - FY2019First statedAnnual report
「Each year, the Board of Directors considers whether strategically held shares should continue to be held. We are proceeding with the sale of strategically held shares that are determined to lack a rational basis for continued ownership.」
For strategically held shares, the company has for the first time identified a policy of reviewing the rationality of continued ownership annually at Board of Directors meetings and selling holdings that lack a rational basis. During the fiscal year, holdings in 6 companies were reduced, with sale proceeds of ¥184 million.