Reviewing whether to retain or dispose of cross-shareholdings
First written in FY2019. 3 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares: 14 issues, 1,827. Of these, the number of shares declined for 5 issues, 389. All shares were sold during the fiscal year.」
The company held policy-held shares in 14 listed issues and other securities, with a balance sheet carrying amount of ¥1,827 million. The number of shares declined for 5 issues, and all shares in multiple issues were sold. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure that there had been no material changes to existing business risks, including those relating to decisions on holding or disposing of cross-shareholdings, continued. - FY2024Update on Cross-ShareholdingsAnnual report
「Shares other than unlisted shares: 17 issues, ¥1.257 billion Issues whose number of shares increased during the fiscal year: Shares other than unlisted shares, 12 issues, ¥13 million. Continued purchases through an employee shareholding association of business partners. Issues whose number of shares decreased during the fiscal year: Not applicable.」
Cross-shareholdings comprised 17 listed shares and other holdings, with a balance-sheet carrying amount of ¥1.257 billion. The number of shares increased for 12 issues through continued purchases by employee shareholding associations of business partners, while no issues decreased. - FY2023Update on Cross-ShareholdingsAnnual report
「Shares other than unlisted shares: 17 issues, ¥889 million Issues whose number of shares increased during the fiscal year: Shares other than unlisted shares, 12 issues, ¥13 million. Continued purchases through an employee shareholding association of business partners. Issues whose number of shares decreased during the fiscal year: Not applicable.」
The Company held 17 listed shares and other holdings as cross-shareholdings. The number of shares increased for 12 issues through continued purchases by employee shareholding associations of business partners, while no issues decreased. - FY2022AdvancedAnnual report
「Under this policy, the Board of Directors or an equivalent body annually verifies whether cross-shareholdings should be retained, including the status of initiatives in light of the significance of the holdings, the benefits from holding them, whether impairment risk and share-price volatility risk are commensurate with the investment cost, and whether any conflicts of interest exist. For holdings determined to have little significance or economic rationality, the Company decides whether to continue holding or dispose of them after taking market conditions and other factors into account.」
The annual review of cross-shareholdings, including comparisons of benefits and risks with the investment cost and consideration of conflicts of interest, continued. The number of holdings decreased by 1 issue during the current fiscal year. - FY2021AdvancedAnnual report
「Each year, the Board of Directors or an equivalent body verifies whether cross-shareholdings should be retained, including whether the initiatives undertaken are consistent with the significance of the holdings, the benefits from holding them, and whether impairment risk and share-price volatility risk are commensurate with the investment cost, as well as whether any conflicts of interest exist. For holdings determined to have little significance or economic rationality, the Company decides whether to continue holding or dispose of them after taking market conditions and other factors into account.」
The Company disclosed a policy of annually reviewing cross-shareholdings by comparing their benefits and risks with the investment cost and considering conflicts of interest. The current fiscal year also included a reduction of 1 issue. - FY2019First statedAnnual report
「The Company may hold shares as cross-shareholdings when they are judged to serve strategically important purposes for the Group, such as using superior external technologies or strengthening relationships through business alliances. The Company reviews whether the purpose of each cross-shareholding remains appropriate and decides whether to continue holding or dispose of the shares at meetings of the Board of Directors or equivalent bodies.」
The Company disclosed for the first time its policy of holding cross-shareholdings for purposes such as utilizing technologies and pursuing business alliances, with the Board of Directors or an equivalent body deciding whether to continue holding or dispose of them.