Decisions on Continuing to Hold or Selling Policy-Held Shares Based on Cost of Capital
First written in FY2021. 1 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026Cross-shareholding sales record updatedAnnual report
「Based on the results of this verification, the company sold 1 holding during the current fiscal year.」
The company continued its policy of verifying cross-shareholdings based on the cost of capital and other factors, and sold 1 holding during the current fiscal year. Total sale proceeds were ¥5.555 billion. - 2026-05-13Cited as achievedEarnings
「During the consolidated fiscal year, cash outflows included ¥12.5 billion for the acquisition of treasury shares and ¥7.1 billion in dividend payments.」
The disclosure records the acquisition of treasury shares and dividend payments as implemented capital management measures. - FY2024AdvancedAnnual report
「The board of directors verifies each cross-shareholding annually. It makes a comprehensive determination of the rationale for continuing to hold each share based on the benefits and risks of holding it, including transaction status and scale and comparisons with the cost of capital, and considers selling shares when it determines that the rationale has weakened. Based on the results of this verification, the company sold 5 holdings during the current fiscal year.」
The company continued to verify cross-shareholdings based on the cost of capital and other factors, and during the current fiscal year sold 5 holdings for total proceeds of ¥1.774 billion. - FY2021First statedAnnual report
「For each cross-shareholding, the board of directors verifies every year the rationale for continuing to hold the shares, including whether the benefits of holding them are commensurate with the company's cost of capital. The company considers selling shares when it determines that the rationale for holding them has weakened.」
The company has stated a policy of annually verifying cross-shareholdings against the cost of capital at board meetings and considering the sale of holdings whose rationale has weakened. During the current fiscal year, it sold 4 holdings.