Reviewing the rationale for strategic shareholdings and reducing them
First written in FY2020. 12 of 16 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The group reduced 4 cross-shareholdings to make effective use of its assets (1 in April 2025, 1 in September 2025 and 2 in March 2026).」
The company reduced 4 cross-shareholdings and continued verifying the rationale for holding them and improving asset efficiency. - FY2026-H1AdvancedAnnual report
「To make effective use of its assets, the company reduced 1 cross-shareholding in April 2025. Its consolidated subsidiary, サクサシステムエンジニアリング株式会社, also reduced 1 cross-shareholding in September 2025.」
The company and サクサシステムエンジニアリング株式会社 each reduced 1 cross-shareholding. - FY2025AdvancedAnnual report
「The company reduced 5 cross-shareholdings and sold part of 1 cross-shareholding to make effective use of its assets (August 2024 to March 2025).」
The company reduced 5 cross-shareholdings and partially sold 1. It recognized a gain on sale of investment securities of ¥364 million and continued to verify the rationale for holding the shares. - FY2025-H1AdvancedAnnual report
「Reduction of 3 cross-shareholdings to make effective use of assets (September 2024)」
The company reduced 3 cross-shareholdings and continued efforts to make effective use of its assets. - FY2024-Q3AdvancedAnnual report
「Under the initiative to "Transform Our Finances," the company continued efforts to reduce its cross-shareholdings to make effective use of its assets and sold 2 unlisted shares. It also began demolition work on existing buildings and related work to monetize the real estate owned in Sagamihara by SAXA,Inc. (November 2023).」
The company sold 2 unlisted cross-shareholdings and began demolition work on existing buildings and related structures at its Sagamihara real estate in November 2023 to monetize the property. In addition, as a subsequent event, it resolved to tender all of its shares in 株式会社グローセル and expects a gain on sale of ¥198 million if the tender offer is completed. - FY2024-Q2AdvancedAnnual report
「Under the initiative to "Transform Our Finances," the company continued efforts to reduce its cross-shareholdings by selling 1 unlisted share. To monetize the real estate owned in Sagamihara by its consolidated subsidiary SAXA,Inc., the company relocated from the Sagamihara Office to the Shin-Yokohama Office (August 2023) and closed the Shinjuku Office (May 2023).」
The company sold 1 unlisted cross-shareholding and relocated from the Sagamihara Office to the Shin-Yokohama Office and closed the Shinjuku Office to monetize its real estate. - FY2023-Q3ReframedAnnual report
「At a board meeting held on 10 February 2023, the company and its consolidated subsidiary SAXA,Inc. resolved to review the use of real estate owned in Sagamihara, Kanagawa Prefecture, with the aim of generating continuous and stable income by using it as rental property.」
While advancing the monetization of and negotiations to sell its owned real estate, the company resolved to review the use of its Sagamihara property so that it could be used as rental property. - FY2023-Q3AdvancedAnnual report
「Under the initiative to "Transform Our Finances," the company continued efforts to reduce its cross-shareholdings by selling 3 unlisted shares and continued negotiations with the preferred negotiating party based on the bidding results to monetize and improve the liquidity of its owned real estate.」
The company continued efforts to sell 3 unlisted cross-shareholdings and continued negotiations with the preferred negotiating party regarding the monetization and improved liquidity of its owned real estate. - FY2023-Q2AdvancedAnnual report
「Under the initiative to "Transform Our Finances," the company continued efforts to reduce its cross-shareholdings by selling 2 unlisted shares and continued negotiations with the preferred negotiating party based on the bidding results to monetize and improve the liquidity of its owned real estate.」
The company sold 2 unlisted cross-shareholdings and continued negotiations with the preferred negotiating party concerning its owned real estate. - FY2023-Q1AdvancedAnnual report
「For the monetization and improved liquidity of its owned real estate, the company selected a preferred negotiating party based on the bidding results and conducted negotiations, ultimately resolving to sell 2 idle properties in the Tochigi area, the Tochigi facility and the Yaita plant (August 2022).」
The monetization and improved liquidity of the company's owned real estate progressed to a resolution to sell 2 properties in the Tochigi area. - FY2022AdvancedAnnual report
「Under the initiative to "Transform Our Finances," the company sold part of its cross-shareholdings to make effective use of its assets. For its owned real estate, it selected a preferred negotiating party based on the bidding results and began negotiations (March 2022).」
The company sold part of its cross-shareholdings and progressed with its owned real estate to the selection of a preferred negotiating party after the bidding process and the start of negotiations. - FY2022-Q3RestatedAnnual report
「Under the initiative to "Transform Our Finances," the company began a bidding process to sell its cross-shareholdings and monetize and improve the liquidity of its owned real estate in order to make effective use of its assets.」
The company reconfirmed the sale of its cross-shareholdings and the launch of a bidding process to monetize and improve the liquidity of its owned real estate. - FY2022-Q2AdvancedAnnual report
「Under the initiative to "Transform Our Finances," the company is selling its cross-shareholdings, comprising 3 listed shares and 1 unlisted share, and has begun efforts to monetize and improve the liquidity of its owned real estate in order to make effective use of its assets.」
The company proceeded with the sale of 3 listed and 1 unlisted cross-shareholdings and also began efforts to monetize and improve the liquidity of its owned real estate. - FY2022-Q1AdvancedAnnual report
「To make effective use of its assets, the group resolved at a board meeting of its consolidated subsidiary held on 26 July 2021 to sell part of the investment securities held by the subsidiary, comprising 3 listed securities, and sold them between 27 July and 11 August 2021.」
The company stated that it had resolved to sell and had sold 3 listed securities held by a consolidated subsidiary in connection with its policy of reducing cross-shareholdings. - FY2021RaisedAnnual report
「As a general rule, we will proceed with the sale of policy-held shares.」
The policy for reducing cross-shareholdings was strengthened from the previous approach of reducing them through sales or other measures when no business rationale was recognized to a policy of selling them in principle. - FY2020First statedAnnual report
「As a basic policy, we will continue to hold shares only where there is a recognized business need, such as business alliances or maintaining and strengthening business relationships. Where no such business need is recognized, we will reduce our holdings through sales or other means.」
The company recorded for the first time a policy of continuing to hold shares held for purposes other than pure investment based on business necessity, and reducing the holdings through sales or other means where no such necessity exists.