Share Price Volatility Risk Associated with Strategic Shareholdings
First written in FY2018. 5 of 7 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
- FY2026MitigatedAnnual report
「During the fiscal year, the company sold 15 issues of shares other than unlisted shares, for total sale proceeds of ¥14,686 million.」
The company continued to reduce cross-shareholdings and sold 15 issues of listed shares. It maintains its policy of reviewing the rationale for holdings at Board of Directors meetings and selling unnecessary shares. - 2026-04-28MitigatedFinancial results briefing materials
「Cumulative sales reached ¥174.3 billion, making a significant contribution to free cash flow」
The company continued reducing cross-held shares and sold ¥15.3 billion worth in the fiscal year ended March 2026. The number of listed shares held has fallen by 80% from the end of March 2020. - FY2025MitigatedAnnual report
「During the consolidated fiscal year, the company sold 10 issues of shares held for purposes other than pure investment.」
The company continued to reduce cross-shareholdings and sold 10 issues of listed shares. It maintains its policy of reviewing the rationale for holdings annually and selling unnecessary shares. - FY2023MitigatedAnnual report
「During the fiscal year, the company continued to sell shares held for purposes other than pure investment, raising ¥19.2 billion in funds from the sales.」
The company continued to reduce cross-shareholdings, raising ¥19.2 billion in funds. It also stated its policy of reviewing the rationale for listed shareholdings and selling those deemed unnecessary. - FY2022MitigatedAnnual report
「During the consolidated fiscal year, the company continued to sell shares held for purposes other than pure investment, raising ¥18.4 billion in funds from the sales.」
The company continued to reduce cross-shareholdings, raising ¥18.4 billion in funds. Holdings at the end of the fiscal year were ¥171.1 billion, and the policy of reviewing the rationale for holdings annually also remains in place. - FY2019-Q3MaterialisedAnnual report
「Non-current assets increased by ¥10.2 billion from the end of the previous fiscal year to ¥1.1912 trillion, mainly because of an increase in other non-current assets, despite a decline in other financial assets due to falling share prices.」
Other financial assets declined due to falling share prices, and the share price fluctuation risk associated with cross-shareholdings and other holdings materialized as a reduction in assets. - FY2018First statedAnnual report
「The Group holds listed shares in companies with which it has business relationships and is exposed to the risk of fluctuations in the share prices of equity instruments.」
The company explicitly identified the risk of share price fluctuations associated with holding listed shares of business partners and others, and disclosed an impact of ¥1,339 million on other components of equity resulting from a 1% change in share prices.