Clarification of Policy on Strategic Shareholdings and Full Sale of Fuji Heavy Industries Shares
First written in FY2017-Q1. 8 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year under review, the number of shares decreased for 3 unlisted issues and 17 issues other than unlisted shares.」
The company continued to reduce its cross-shareholdings, reducing the number of shares held in 17 listed issues and other issues and 3 unlisted issues. The number of holdings also decreased from 45 listed issues and other issues to 31. - FY2025AdvancedAnnual report
「During the fiscal year under review, the number of shares decreased for 2 unlisted issues and 14 issues other than unlisted shares.」
The company continued to reduce its cross-shareholdings, reducing the number of shares held in 14 issues other than listed shares and 2 unlisted issues. It has streamlined its holdings to 47 unlisted issues and 45 listed issues. - FY2024AdvancedAnnual report
「During the fiscal year under review, the number of shares increased for 2 unlisted issues, involving investments in startups engaged in next-generation mobility technology development and investments in businesses contributing to decarbonization. Meanwhile, the number of shares decreased for 4 unlisted issues and 3 issues other than unlisted shares.」
While continuing to reduce cross-shareholdings, the company invested in startups and other businesses related to next-generation mobility and decarbonization. - FY2023AdvancedAnnual report
「The appropriateness of holding each cross-shareholding is reviewed by the Board of Directors every year. The company makes a comprehensive assessment using criteria that consider the benefits and risks of holding the shares, the nature and scale of the transactions, qualitative factors such as contribution to enhancing corporate value, and quantitative factors such as comparison with the cost of capital, and reduces holdings of issues designated for sale.」
The company continued its annual Board of Directors reviews and policy of reducing cross-shareholdings designated for sale, reducing its holdings during the year in 3 listed issues and 1 unlisted issue. - FY2022AdvancedAnnual report
「During the fiscal year under review, the number of shares decreased for 1 unlisted issue and 6 issues other than unlisted shares.」
In line with its annual Board of Directors reviews and policy of reducing issues designated for sale, the company reduced its holdings in 6 issues, including listed shares. - FY2021AdvancedAnnual report
「The appropriateness of holding each cross-shareholding is reviewed by the Board of Directors every year. The company makes a comprehensive assessment using criteria that consider the benefits and risks of holding the shares, the nature and scale of the transactions, qualitative factors such as contribution to enhancing corporate value, and quantitative factors such as comparison with the cost of capital, and reduces holdings of issues designated for sale.」
For cross-shareholdings, the company reduced its holdings during the year, including 15 listed issues, and continues its annual Board of Directors reviews and the reduction of issues designated for sale. - FY2020AdvancedAnnual report
「Specified investment shares: Toyota Motor Corporation, 6,189,660 shares. Purpose: to maintain and develop long-term business alliances related to automobiles. Reason for increase in the number of shares: acquired after determining that the purchase would contribute to enhancing corporate value over the medium to long term.」
While continuing its annual Board of Directors review and reduction policy for cross-shareholdings, the company acquired 6,189,660 shares to maintain and develop its business alliance with Toyota. - FY2019AdvancedAnnual report
「The appropriateness of holding each cross-shareholding is reviewed by the Board of Directors every year. The company makes a comprehensive assessment using criteria that consider the benefits and risks of holding the shares, the nature and scale of the transactions, qualitative factors such as contribution to enhancing corporate value, and quantitative factors such as comparison with the cost of capital, and reduces holdings of issues designated for sale.」
The company clarified its policy of reviewing cross-shareholdings annually at Board of Directors meetings, assessing them based on their benefits, risks, and cost of capital, and reducing holdings designated for sale. - FY2017-Q1First statedAnnual report
「As we clarified our policy on cross-shareholdings at meetings of the Board of Directors based on the Corporate Governance Code, we decided to sell all shares in Fuji Heavy Industries Co., Ltd.」
Against the backdrop of clarifying its cross-shareholding policy, the company sold all 13,690,000 shares in Fuji Heavy Industries. The sale price was ¥52.7 billion and the gain on sale was ¥46.8 billion.