Review of cross-shareholdings held to maintain and expand business relationships
First written in FY2021. 4 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues whose number of shares decreased during the current fiscal year Unlisted shares － Shares other than unlisted shares 2 issues ¥223 million」
The company continued its annual review of cross-shareholdings and sold 2 issues during the current fiscal year for proceeds of ¥223 million. - FY2025AdvancedAnnual report
「Issues whose number of shares decreased during the current fiscal year Unlisted shares － Shares other than unlisted shares 6 issues ¥695 million」
The company continued its annual review of cross-shareholdings and sold 6 issues during the current fiscal year for proceeds of ¥695 million. The number of shares held increased for 4 issues, including through membership in business-partner shareholding associations. - FY2024AdvancedAnnual report
「Each year, the company evaluates its cross-shareholdings based on the “Cross-Shareholding Management Regulations,” which set out the criteria for deciding whether to hold cross-shareholdings, the criteria for exercising voting rights and the decision-making process for cross-shareholdings. The Outside Director Advisory Committee provides its opinion on whether continued ownership is appropriate.」
The company continued its annual review of cross-shareholdings. During the current fiscal year, the number of shares held in 2 unlisted issues and 2 listed issues decreased, and the sale proceeds from the listed shares were ¥182 million. - FY2022AdvancedAnnual report
「Issues whose number of shares decreased during the current fiscal year 2 unlisted issues 2 issues other than unlisted shares” | “NIHON PARKERIZING CO.,LTD. and Chiyoda Corporation sold all of their shares during the current fiscal year.」
The company continued its annual review of cross-shareholdings and reassessed its holdings during the current fiscal year, including the sale of all shares in 2 listed issues. - FY2021First statedAnnual report
「As its basic policy, the company determines which shares to hold based on the objective of maintaining and expanding medium- to long-term business relationships, selecting issues capable of generating business synergies and other benefits. By holding these shares, the company seeks to enhance corporate value and contribute to the interests of stakeholders, including shareholders and investors.” | “Each year, the company evaluates its holdings based on the “Cross-Shareholding Assessment Standards and Voting Guidelines,” which set out the criteria for deciding whether to hold cross-shareholdings, the criteria for exercising voting rights and the decision-making process for cross-shareholdings. The Outside Director Advisory Committee provides its opinion on whether continued ownership is appropriate.」
The company holds cross-shareholdings based on business relationships and synergies, and states that it reviews the appropriateness of continued ownership through annual evaluations against its criteria and a response from the Outside Director Advisory Committee.