Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2019. 1 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026RestatedAnnual report
「Holdings with a decrease in the number of shares during the fiscal year None」
Although the company continues to review the rationale for its cross-shareholdings and its policy of reducing them, there were no holdings whose number of shares declined during the fiscal year. - FY2025No sale of cross-shareholdingsAnnual report
「Holdings with a decrease in the number of shares during the fiscal year None」
Although the company continues to review the rationale for its cross-shareholdings and its policy of reducing them, there were no holdings whose number of shares declined during the fiscal year. - FY2023AdvancedAnnual report
「Shares whose number decreased during the fiscal year: shares other than unlisted shares: 1; 4」
Regarding cross-shareholdings, the company sold 1 shareholding other than an unlisted share, with total proceeds of ¥4 million. The policy of reviewing the rationale for holding such shares remains in place. - FY2019First statedAnnual report
「The company's policy regarding investment shares held for purposes other than pure investment is to hold them when they are deemed to build strong relationships of trust with business partners and contribute to enhancing corporate value, and to reduce them when they are deemed not to do so. At the end of each fiscal year, the company reviews each investment share held for purposes other than pure investment based on the rationale for holding it, considering whether the purpose of holding the shares and the benefits or risks associated with holding them are commensurate with the cost of capital and whether they contribute to enhancing corporate value. The company will dispose of shares held in certain counterparties with whom it has limited business relationships.」
For cross-shareholdings, the company first stated as an independent policy that it would review their contribution to corporate value against the cost of capital at the end of each fiscal year and reduce or dispose of shares with limited rationale for continued ownership.