Reducing cross-held shares and reviewing the rationale for holdings
First written in FY2019. 1 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025Coexistence of Acquisitions and Reductions in Cross-ShareholdingsAnnual report
「Issues whose number of shares increased during the fiscal year: unlisted shares 1 69; shares other than unlisted shares 2 3,398” / “Issues whose number of shares decreased during the fiscal year: unlisted shares 2 —; shares other than unlisted shares 2 785」
While continuing its policy of reducing cross-shareholdings, the company acquired 1 unlisted issue and 2 listed issues to strengthen relationships with investee companies, while reducing its holdings of 2 listed issues and others. - FY2024Investment in Cross-Shareholdings and Continued ReductionsAnnual report
「Based on the above approach, we hold shares for strategic purposes and are working to reduce cross-shareholdings by selling shares for which the need to hold them is not recognized. For each individual security currently held, we review every year the necessity of holding it for our business and its medium- to long-term economic rationale, and report the results to the Board of Directors.」
While continuing to reduce cross-shareholdings and verify their rationale annually, the company acquired 1 listed issue for ¥975 million to strengthen its relationship with the investee company and reduced its holdings of 2 unlisted issues. - FY2020AdvancedAnnual report
「Issues whose number of shares decreased during the current consolidated fiscal year: unlisted shares 2 166; shares other than unlisted shares 1 18,009」
Under its policy of reviewing the rationale for holding each security annually, the company reduced its holdings of 2 unlisted issues and 1 listed issue. The sale proceeds from the listed shares were ¥18.009 billion. - FY2019First statedAnnual report
「We are working to reduce cross-shareholdings by selling shares for which the need to hold them is not recognized. For each individual security currently held, the Board of Directors verifies every year the appropriateness of the holding purpose and its medium- to long-term economic rationale.」
For cross-shareholdings, the company first stated a policy of limiting holdings to cases necessary for sustainable growth and the enhancement of corporate value over the medium to long term, selling unnecessary shares and conducting annual reviews by the Board of Directors.