Selective Holding of Strategic Shareholdings and Annual Review of Rationale
First written in FY2019. 3 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026Consolidation to 2 cross-shareholdings and sale of 1 holdingAnnual report
「Shares other than unlisted shares 2 1,538」
The number of policy-held shares decreased from 3 in the previous fiscal year to 2, following the sale of all shares of Mitsubishi UFJ Financial Group, Inc. The carrying amount was ¥1,538 million, reflecting share-price movements. - FY2025Decrease in the carrying amount of cross-shareholdingsAnnual report
「Shares other than unlisted shares 3 1,007」
There are 3 policy-held shares, and their total carrying amount decreased from ¥1,625 million in the previous fiscal year to ¥1,007 million. The policy of reviewing the purpose, benefits and costs of each holding annually remains in place. - FY2023Continuing to hold 3 cross-shareholdingsAnnual report
「Shares other than unlisted shares 3 1,625」
The company held 3 cross-shareholdings, with a total carrying amount of ¥1.625 billion on the balance sheet, and continued its policy of reviewing the rationale, benefits and costs of each holding annually. - FY2022AdvancedAnnual report
「The company sold all of the shares during the current fiscal year.」
The company sold all shares of Topcon Corporation held as a cross-shareholding. The reduction of holdings based on selective ownership and annual reviews of their rationale made concrete progress. - FY2021AdvancedAnnual report
「The company acquired the shares to promote a joint project, but plans to sell them in the near future following the project's completion.」
For the cross-shareholding related to the completed joint project, the stated sale timing was made more specific and brought forward from “within the next 3 years” in the previous fiscal year to “in the near future.” - FY2020AdvancedAnnual report
「The company acquired the shares to promote a joint project, but plans to sell them within the next 3 years following the project's completion.」
With respect to cross-shareholdings, the company plans to sell the holding related to the completed joint project within the next 3 years, setting out a specific reduction policy based on its selective-holdings policy. - FY2019First statedAnnual report
「With respect to investment shares held for purposes other than pure investment, or cross-shareholdings, the company does not hold such shares unless it confirms, from a medium- to long-term perspective and after comprehensively considering business strategy, business relationships and other factors, that they will contribute to enhancing the corporate value of the group. The Board of Directors reviews annually, for each individual holding, the rationale for continuing to hold it and the benefits and costs associated with holding it.」
The company first stated its policy of holding cross-shareholdings only when their contribution to enhancing corporate value can be confirmed, and reviewing the rationale for continuing to hold them annually at Board of Directors meetings.