Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2023. 1 of 3 entries say "Raised", first in FY2025. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, holdings of investment securities held for purposes other than pure investment decreased by 12 listed issues, with total sale proceeds of ¥6,638 million.」
Based on reviews of the rationale for cross-shareholdings and the reduction policy, sales were carried out, including 12 listed issues, advancing implementation of the policy to reduce the ratio to no more than 5% of net assets by the fiscal year ending March 2028. - FY2025RaisedAnnual report
「We plan to reduce the ratio of the fair value of investment securities held for purposes other than pure investment to consolidated net assets to 5% or less by the fiscal year ending March 2028.」
A quantitative, time-bound target was set for reducing cross-shareholdings to no more than 5% of net assets by the fiscal year ending March 2028. During the fiscal year, 22 listed shares were sold. - FY2023First statedAnnual report
「Approximately 80% exceeded the standard for economic rationality. For the approximately 20% below the standard, we conducted a comprehensive review that also considered the rationale for holding the shares, including our group’s business strategy and contribution to the region, and decided to reduce some holdings after engaging in sufficient dialogue with the relevant business partners.」
For cross-shareholdings, the policy of reducing some of the approximately 20% below the standard following regular reviews of economic rationality was stated in specific terms for the first time.