Verification of the Rationale for Strategic Shareholdings and Policy for Reducing Holdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2025-H1. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The Company is also reducing cross-shareholdings to improve capital efficiency and recorded a gain on the sale of investment securities of ¥3,128 million as extraordinary income」
The Company continued reducing cross-shareholdings, decreasing the number of specified investment shares by 9 holdings and recording a ¥3,128 million gain on the sale of investment securities. - FY2025-H1AdvancedAnnual report
「The Company is also reducing cross-shareholdings to improve capital efficiency and recorded a gain on the sale of investment securities of ¥957 million as extraordinary income」
The Company reduced cross-shareholdings and recorded a ¥957 million gain on the sale of investment securities. The review of holding rationale and the reduction policy have resulted in actual sales. - FY2021RestatedAnnual report
「The rationale for holding each cross-shareholding is reviewed in detail, including by reconfirming the purpose of the holding and assessing whether the associated benefits and risks are commensurate with the cost of capital. The Board of Directors regularly verifies whether each holding should be retained, and the Company intends to sell or reduce holdings it determines to have limited significance.」
The Company continues to compare the benefits and risks of cross-shareholdings with the cost of capital, conduct regular reviews through the Board of Directors, and pursue a policy of selling or reducing holdings of limited significance. - FY2019First statedAnnual report
「The Company holds cross-shareholdings to maintain and strengthen stable, long-term relationships with business partners, with a view to increasing corporate value over the medium to long term. The rationale for holding each cross-shareholding is reviewed in detail, including by reconfirming the purpose of the holding and assessing whether the associated benefits and risks are commensurate with the cost of capital. The Board of Directors regularly verifies whether each holding should be retained, and the Company intends to sell or reduce holdings it determines to have limited significance.」
The Company has disclosed for the first time a policy of regularly reviewing cross-shareholdings by comparing their benefits and risks with the cost of capital, while seeking to maintain and strengthen business relationships, and selling or reducing holdings of limited significance.