Assessing the Medium- to Long-Term Economic Rationality of Strategic Shareholdings
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the number of shares declined for 3 non-listed-equity-excluded holdings, with aggregate sale proceeds related to the reduction of ¥57 million.」
Based on its review of the rationale for cross-shareholdings, the company sold 3 holdings during the fiscal year for sale proceeds of ¥57 million. - FY2025AdvancedAnnual report
「During the fiscal year, the number of shares declined for 1 non-listed-equity-excluded holding, with aggregate sale proceeds related to the reduction of ¥17 million.」
Under its policy of reviewing the rationale for cross-shareholdings, the company sold 1 non-listed-equity-excluded holding during the fiscal year for sale proceeds of ¥17 million. - FY2024RaisedAnnual report
「Cross-shareholdings: Set quantitative targets and pursue further reductions. ・Reduce holdings by 10% during the period of the current medium-term plan (based on market value at 31 March 2024) ・Allocate all proceeds from sales to the acquisition of treasury shares」
The company newly presented a quantitative policy to reduce cross-shareholdings by 10% during the YSP2026 period and allocate all sale proceeds to the acquisition of treasury shares. - FY2023AdvancedAnnual report
「During the fiscal year, the number of shares declined for 1 non-listed-equity-excluded holding, with aggregate sale proceeds related to the reduction of ¥218 million.」
Following a Board of Directors review of whether the cross-shareholding should be retained, the company sold 1 holding during the fiscal year for sale proceeds of ¥193 million. - FY2022AdvancedAnnual report
「During the fiscal year, the number of shares declined for 1 non-listed-equity-excluded holding, with aggregate sale proceeds related to the reduction of ¥218 million. Following a review by the Board of Directors of whether the holding should be retained, all shares in SUBARU were sold.」
Following a Board of Directors review of whether the cross-shareholding should be retained, all shares in SUBARU were sold. Sale proceeds amounted to ¥218 million. - FY2021AdvancedAnnual report
「The number of shares declined for 2 holdings, with aggregate sale proceeds of ¥38 million. Following a review by the Board of Directors of whether the holdings should be retained, all shares in TOYOTA MOTOR CORPORATION and AISIN CORPORATION were sold.」
Based on its review of the rationale for cross-shareholdings, the company sold 2 holdings. Meanwhile, it acquired 1 holding for the purpose of joint development with a supplier of press equipment. - FY2019First statedAnnual report
「For the cross-shareholdings held by the company, we review their medium- to long-term economic rationale and future outlook, taking into account returns and risks, using the methods and criteria below, and report the status of major cross-shareholdings to the Board of Directors.」
The company stated that it reviews the acquisition background, strategic significance, transaction value, dividends, valuation gains and losses, and other factors relating to cross-shareholdings, and considers selling holdings whose significance or rationale has declined.