Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 5 712」
For cross-shareholdings, the company reduced 5 listed shareholdings during the year and disclosed total sale proceeds of ¥712 million. The company continues to review the rationale for holdings and reduce them where appropriate. - FY2025AdvancedAnnual report
「Shares other than unlisted shares 5 6,630」
For cross-shareholdings, the company sold 5 listed shareholdings during the year, with total sale proceeds of ¥6.63 billion. - FY2024RestatedAnnual report
「With regard to listed shares held by the company, we comprehensively verify the rationale for holding them from the perspectives of business relevance, profitability and holding risk, and the Board of Directors decides annually whether each holding should be retained.」
The company continues its annual review policy for cross-shareholdings, covering business relationships, profitability exceeding the cost of capital, and the corporate value and management situation of investee companies. - FY2023RestatedAnnual report
「With regard to listed shares held by the company, we comprehensively verify the rationale for holding them from the perspectives of business relevance, profitability and holding risk, and the Board of Directors decides annually whether each holding should be retained.」
For cross-shareholdings, the company made the review criteria more concrete, covering not only business relationships but also whether earnings and dividends exceed the cost of capital and whether the investee company's corporate value or management situation has changed. - FY2020First statedAnnual report
「With regard to listed shares held by the company, we comprehensively verify the rationale for holding them from the perspectives of business relevance, profitability and holding risk, and the Board of Directors decides annually whether each holding should be retained. For shares judged to have diminished rationale for holding, we consider selling them after taking into account the impact on the relevant company's business and the market.」
For cross-shareholdings, the company presented for the first time a systematic policy of annually reviewing holdings based on business relevance, profitability and holding risk, and considering the sale of holdings with limited rationale.