Review of the significance of cross-held shares and policy for reducing holdings
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Sold some holdings while deciding to retain all issuesAnnual report
「Based on the results of the above review process, the Board of Directors decided to continue holding all issues.」
While deciding to continue holding all issues, the company sold all 520,000 shares of シンニッタン and all 66,000 shares of 第一生命ホールディングス. The number of holdings other than unlisted shares fell to 9 issues. - FY2022RestatedAnnual report
「Based on the results of the above review process, the Board of Directors decided to continue holding all issues.」
Following quantitative and comprehensive assessments of cross-held shares, the company decided to continue holding all issues. - FY2021Decided to retain all issues while selling some holdingsAnnual report
「Issues for which the number of shares decreased during the fiscal year: shares other than unlisted shares, 2 issues, ¥166 million オーデリック株式会社: 27,000 shares. These shares had been held to build future business relationships, but all shares were sold during the fiscal year.」
The company sold 2 cross-held shareholdings, including all 27,000 shares of オーデリック. At the same time, based on the results of its review of the significance of the holdings, it decided to continue holding all remaining issues. - FY2020RestatedAnnual report
「Based on the results of the above review process, the Board of Directors decided to continue holding all issues in fiscal 2019.」
Following quantitative and comprehensive assessments of cross-held shares, the company decided to continue holding all issues in fiscal 2019. - FY2019First statedAnnual report
「With respect to investment securities held for purposes other than pure investment, namely cross-held shares, our basic policy is not to hold such shares unless their significance is recognized, in light of changes in the environment surrounding the Corporate Governance Code and the possibility that share-price volatility could have a material impact on our financial position.」
The company states that, in principle, it does not hold cross-held shares and that it will decide whether to hold or sell them after reviewing relationships with business partners, profitability and their contribution to corporate value. At its Board of Directors meeting in fiscal 2018, it decided to continue holding all issues.