Verification of the rationale for cross-shareholdings and reduction where necessary
First written in FY2021. 1 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026Reclassification of holding purposeAnnual report
「Shares for which the purpose of holding investment securities was changed from pure investment to purposes other than pure investment during the current fiscal year or the preceding 4 fiscal years」
The purpose of holding shares in ユナイテッド・スーパーマーケットホールディングス, アークス, ワタミ, ライフフーズ, 平和堂, フジ, チムニー, ダスキン, PLANT and 王将フードサービス, 10 holdings in total, was changed from pure investment to purposes other than pure investment. - FY2025AdvancedAnnual report
「㈱アークス 35 Fiscal year ending March 2025 Because the significance of holding the shares as a cross-shareholding has diminished. The company will consider selling them as appropriate, taking the dividend yield and market conditions into account.」
Shares in アークス are cited as a specific example of changing holdings whose significance as cross-shareholdings had diminished to holdings for pure investment purposes. The company is proceeding with reclassification and considering sales as the rationale for holding them declines. - FY2022RestatedAnnual report
「Taking into account price volatility and issuer credit risk for shares held for purposes other than pure investment, the Board of Directors verifies all holdings at least once a year. Holdings are retained only when deemed essential to sustainable growth, such as maintaining stable transactions or strengthening cooperation to expand the business. Holdings whose necessity has diminished will be reduced as appropriate, taking share prices and market conditions into account.」
The company reconfirms its policy of having the Board of Directors review cross-shareholdings at least once a year and reducing holdings as appropriate when their necessity has diminished. - FY2021First statedAnnual report
「Taking into account price volatility and issuer credit risk for shares held for purposes other than pure investment, the Board of Directors verifies all holdings at least once a year. Holdings are retained only when deemed essential to sustainable growth, such as maintaining stable transactions or strengthening cooperation to expand the business. Holdings whose necessity has diminished will be reduced as appropriate, taking share prices and market conditions into account.」
The company explicitly states for the first time its policy of having the Board of Directors review cross-shareholdings at least once a year and reducing holdings as appropriate when their necessity has diminished.