Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Holdings for which the number of shares decreased during the fiscal year: Shares other than unlisted shares 2 —. All of these shares were sold during the fiscal year.」
For cross-shareholdings, the company sold all of its holdings in VSTECS Berhad and Copperwired Public Company Limited during the fiscal year, implementing in concrete terms its policy of examining the rationality of holdings and reducing them through sales. - FY2025AdvancedAnnual report
「After comprehensively considering the group’s business strategy and other factors, we are proceeding with consideration of sales. Shares other than unlisted shares 1 1,550; Shares other than unlisted shares 2 525」
For cross-shareholdings, the company acquired shares worth ¥1,550 million through a private placement while selling 2 listed holdings for total proceeds of ¥525 million. - FY2023AdvancedAnnual report
「Holdings for which the number of shares decreased during the fiscal year: Shares other than unlisted shares 4 18」
For cross-shareholdings, under a policy of examining their rationality and proceeding with sales, the company sold 4 listed holdings during the fiscal year for total proceeds of ¥18 million. - FY2020AdvancedAnnual report
「After comprehensively considering the group’s business strategy and other factors, we proceeded to consider the sale of certain holdings during the fiscal year and carried out the sales.」
For cross-shareholdings, the company sold some holdings during the fiscal year based on the Board of Directors’ examination of whether they remained appropriate to hold. - FY2019First statedAnnual report
「If the significance or economic rationality of holding these shares is no longer recognized, we will proceed to reduce the holdings through sales or other means. The Board of Directors examined the appropriateness of holding all specified investment shares held by the group as of the end of March 2019.」
For cross-shareholdings, the company has, for the first time, explicitly stated a policy of having the Board of Directors examine all holdings based on their significance and economic rationality, and reducing holdings through sales or other means where that rationality is lost.