Reviewing the Rationale for and Reducing Strategic Shareholdings
First written in FY2019. 4 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares 3 3,659」
For cross-shareholdings, the company sold 3 unlisted shareholdings during the fiscal year and disclosed total sales proceeds and other amounts of ¥3,659 million. This added evidence of its verification of holding rationales and its reduction policy. - FY2025AdvancedAnnual report
「株式会社アルプス物流 The company had conducted transactions in logistics operations and had continuously held the shares to maintain and strengthen the good business relationship, but all shares held were sold during the fiscal year. SIIX CORPORATION The company had conducted transactions in the passive components business and other areas and had continuously held the shares to maintain and strengthen the good business relationship, but all shares held were sold during the fiscal year.」
For cross-shareholdings, the company sold all shares held in 株式会社アルプス物流 and SIIX CORPORATION, adding to its record of reductions. - FY2025-H1AchievedAnnual report
「During the current interim consolidated accounting period, because the company was expected to sell its shares in 株式会社アルプス物流, they were classified as assets held for sale. The sale of these shares was completed in October 2024.」
For a specific sale of shares held, the disclosure states that the shares were classified as held for sale and that the sale was completed in October 2024. - FY2024AdvancedAnnual report
「MABUCHI MOTOR CO.,LTD. had been held continuously to maintain and strengthen the good business relationship, but all shares held were sold during the fiscal year.」
For cross-shareholdings, the company demonstrated progress in reducing holdings based on its verification of their rationale, including the complete sale of its MABUCHI MOTOR CO.,LTD. shares. - FY2023RestatedAnnual report
「With respect to cross-shareholdings, the Board of Directors and other bodies verify each year, for each issue, the rationale for continued ownership and the number of shares held, taking into account the purpose of ownership, the status of transactions, profitability relative to the cost of capital, and financial condition. For issues whose significance as holdings has diminished, we will engage in dialogue and negotiations with the relevant parties and proceed with reductions, including sales.」
Verification of cross-shareholdings by issue, consideration of profitability relative to the cost of capital, and the policy of reducing holdings whose significance has diminished remain in place. During the fiscal year, 1 listed shareholding was sold. - FY2022RestatedAnnual report
「With respect to cross-shareholdings, the Board of Directors and other bodies verify each year, for each issue, the rationale for continued ownership and the number of shares held, taking into account the purpose of ownership, the status of transactions, profitability relative to the cost of capital, and financial condition. For issues whose significance as holdings has diminished, we will engage in dialogue and negotiations with the relevant parties and proceed with reductions, including sales.」
Verification of cross-shareholdings by issue, consideration of profitability relative to the cost of capital, and the policy of reducing holdings whose significance has diminished remain in place. - FY2021RestatedAnnual report
「With respect to cross-shareholdings, the Board of Directors and other bodies verify each year, for each issue, the rationale for continued ownership and the number of shares held, taking into account the purpose of ownership, the status of transactions, profitability relative to the cost of capital, and financial condition. For issues whose significance as holdings has diminished, we will engage in dialogue and negotiations with the relevant parties and proceed with reductions, including sales.」
Verification of cross-shareholdings by issue and the policy of reducing holdings whose significance has diminished remain in place. - FY2020RestatedAnnual report
「With respect to cross-shareholdings, the Board of Directors and other bodies verify each year, for each issue, the rationale for continued ownership and the number of shares held, taking into account the purpose of ownership, the status of transactions, profitability relative to the cost of capital, and financial condition. For issues whose significance as holdings has diminished, we will engage in dialogue and negotiations with the relevant parties and proceed with reductions, including sales.」
Verification of cross-shareholdings by issue, consideration of profitability relative to the cost of capital, and the policy of reducing holdings whose significance has diminished remain in place. - FY2019First statedAnnual report
「With respect to cross-shareholdings, the Board of Directors and other bodies verify each year, for each issue, the rationale for continued ownership and the number of shares held, taking into account the purpose of ownership, the status of transactions, profitability relative to the cost of capital, and financial condition. For issues whose significance as holdings has diminished, we will engage in dialogue and negotiations with the relevant parties and proceed with reductions, including sales.」
For cross-shareholdings, the policy of verifying the rationale for each holding and its profitability relative to the cost of capital every year, and reducing holdings whose significance has diminished, was explicitly stated for the first time.