Reviewing the Rationale for Cross-Shareholdings and Reducing Holdings
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025AchievedAnnual report
「As of the end of the fiscal year, the Company held only shares contributed to a retirement benefit trust and held no investment shares for purposes other than pure investment.」
The Company reduced its cross-shareholdings and no longer held ordinary cross-shareholdings, retaining only shares contributed to a retirement benefit trust. - FY2023AdvancedAnnual report
「During the fiscal year, 4 issues other than unlisted shares were sold, for total proceeds of ¥1,279 million.」
With respect to cross-shareholdings, 4 issues were sold during the fiscal year. Following individual reviews, all remaining holdings were confirmed as appropriate to retain. - FY2022AdvancedAnnual report
「During the fiscal year, 17 issues other than unlisted shares were sold, for total proceeds of ¥16,498 million.」
With respect to cross-shareholdings, 17 issues were sold during the fiscal year, and total proceeds of ¥16,498 million were recorded. - FY2021AdvancedAnnual report
「The shares had been held to maintain and strengthen business relationships, but all shares were sold during the fiscal year.」
With respect to cross-shareholdings, 10 issues were sold, and total proceeds of ¥9,505 million were recorded. Meanwhile, as of the end of March 2021, all holdings were confirmed as appropriate to retain. - FY2019First statedAnnual report
「With respect to cross-shareholdings, we regularly review whether each holding remains consistent with its purpose, taking into account returns and risks, including transaction status, dividends and share-price movements. We will reduce holdings that are determined not to be consistent with their purpose.」
The Company has stated a policy of regularly reviewing cross-shareholdings based on returns and risks, including transaction status, dividends and share-price movements, and reducing holdings that do not align with their purpose. As of 31 March 2019, all holdings had been confirmed as appropriate to retain.