Reducing Strategic Shareholdings to the Minimum Necessary
First written in FY2016. 4 of 6 entries say "Advanced", first in FY2017. Latest entry: FY2025.
- FY2025Increase in shares held through the employee stock ownership planAnnual report
「Holdings whose number of shares increased during the fiscal year Shares other than unlisted shares 1 1 Because the company joined the employee stock ownership plan and holds the shares to strengthen and expand its business relationships.」
While pursuing a policy of reducing cross-shareholdings, the company reported an increase in its holding of 1 listed share through joining the employee stock ownership plan, for the purpose of strengthening and expanding business relationships. - FY2020AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
The company sold 2 unlisted cross-shareholdings and recorded total sale proceeds of ¥233 million. It continues to review the rationality of its holdings once a year and reduce holdings that do not meet its criteria. - FY2020-Q1AdvancedAnnual report
「The sale of investment securities under the agreement was carried out on 28 June 2019, and a ¥227 million gain on sales of investment securities was recorded as extraordinary income in the first quarter.」
The company sold one investment security holding and recorded a ¥227 million gain on sales of investment securities. The policy of reducing cross-shareholdings continues to be implemented. - FY2018AdvancedAnnual report
「Net income attributable to owners of the parent exceeded the initial forecast of ¥550 million, partly because gains on the partial sale of investment securities held by the company and gains on revisions to retirement benefit plans resulting from the transition to a defined contribution pension plan were recorded as extraordinary income in accordance with the Corporate Governance Code.」
The company carried out a partial sale of cross-shareholdings and recorded a ¥23 million gain on sales of investment securities. The policy of minimising and reducing cross-shareholdings continues to be implemented. - FY2017AdvancedAnnual report
「As measures including the sale of real estate held by a consolidated US subsidiary, the partial sale of cross-shareholdings in line with the corporate governance policy, and the transition to a defined contribution pension plan were implemented, with the resulting gains recorded as extraordinary income, net loss attributable to owners of the parent was ¥2,738 million.」
The company carried out a partial sale of cross-shareholdings and recorded a ¥380 million gain on sales of investment securities as extraordinary income. The policy of reducing cross-shareholdings is being implemented in practice. - FY2016First statedAnnual report
「The company holds shares under the following policy and intends to maintain only the minimum necessary level of holdings. ・It does not hold shares as cross-shareholdings merely to maintain stable shareholders, from a corporate governance perspective. ・Shares are held only when business benefits, such as facilitating business operations, are expected, taking into account returns including dividends. ・Shares held are reviewed regularly, primarily from a business perspective, and holdings that have become less necessary will be reduced as appropriate.」
The company does not hold shares to maintain stable shareholders. It reviews the need for holdings based on transaction-related benefits and returns, and reduces holdings that have become less necessary.