Reviewing Cross-Shareholdings against the Cost of Capital and Reducing Them
First written in FY2019. 4 of 9 entries say "Advanced", first in FY2021. Latest entry: 2026-08-07.
- 2026-08-07RestatedEarnings
「We are promoting the reduction of cross-shareholdings and have set a target of reducing the ratio of cross-shareholdings to consolidated net assets to less than 10% by the end of March 2030.」
The company reiterated its target of reducing cross-shareholdings to less than 10% of consolidated net assets by the end of March 2030. - FY2026RaisedAnnual report
「The Company will reduce the ratio to less than 10% of consolidated net assets by the end of March 2030.」
For strategic shareholdings, the Company newly specified a reduction target of less than 10% of consolidated net assets by the end of March 2030, in addition to its existing policy of reviewing the cost of capital and returns every six months and selling individual holdings. - FY2025AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares 1 1 Shares other than unlisted shares 1 0」
For strategic shareholdings, the Company reduced 1 unlisted issue and 1 listed issue during the fiscal year. Its policy of reviewing the cost of capital, returns and other factors every six months remains in place. - FY2023AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 11」
For strategic shareholdings, the Company sold 1 issue during the fiscal year, with total proceeds of ¥11 million. - FY2022AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 724」
For strategic shareholdings, the Company sold 1 issue other than unlisted shares during the fiscal year, with total proceeds of ¥724 million. - FY2021AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Shares other than unlisted shares 5 216」
For strategic shareholdings, the Company sold 5 issues during the fiscal year, with total proceeds of ¥216 million. It also acquired 1 issue to strengthen its relationship with a business partner. - FY2019First statedAnnual report
「The Company holds strategic shareholdings, but its policy is to reduce them after dialogue with the relevant business partners if the results of the review described below show that the holdings do not align with their purpose or cannot be considered reasonable. For strategic shareholdings, the Company reports to the Board of Directors every six months, for each individual issue, on the cost of capital, actual returns and transaction status, among other matters, and comprehensively reviews whether to continue holding or reduce each position.」
For strategic shareholdings, the Company newly disclosed a policy of reviewing the cost of capital, actual returns and transaction status every six months and reducing holdings after dialogue if their validity cannot be established.