Reviewing the Rationale for Cross-Shareholdings and Selling Shares
First written in FY2020. 3 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026-H1.
- FY2026-H1AchievedAnnual report
「Net income attributable to owners of the parent increased, owing to gains on sales of policy-held shares, foreign exchange gains, and other factors. As a result, the Company sold all of its policy-held shares.」
The Company proceeded with the reduction and sale of policy-held shares and sold all of its holdings during the interim period. - 2026-04-10AchievedEarningsSuggests it is closing out
「As a result, all of the cross-shareholdings held by the company have been sold.」
Sales of cross-shareholdings progressed, and all holdings have now been sold. - FY2025AdvancedAnnual report
「Reason for sale of investment securities To reduce policy-held shares ② Details of sale of investment securities ① Shares sold: 1 listed security held by the Company ② Sale period: October 2025 to November 2025 ③ Gain on sale of investment securities: Approximately ¥2.3 billion」
In line with its policy of reducing policy-held shares, the Company sold 1 listed security from October to November 2025 and recorded a gain on sale of approximately ¥2.3 billion. - FY2024RestatedAnnual report
「The Company holds only policy-held shares that are held in counterparties to transactions or investments necessary for the Group's business strategy and for which there is a rational basis for holding them.」
The Board of Directors reviews the business relationships and rationale for holding policy-held shares, and the Company held 1 issue of Credit Saison shares during the fiscal year. - FY2023-Q3AdvancedAnnual report
「The gain on sales of investment securities during the cumulative period of the first 3 quarters was attributable to 3 policy-held shareholdings.」
The Company sold 3 policy-held shareholdings and recorded a gain on sales of investment securities of ¥2,960 million. - FY2021AdvancedAnnual report
「As a result of the review, the Company promptly sells shares judged to have a weak rationale for holding them, while taking market impact and other factors into consideration.」
The Company continued to review the rationale for its policy-held shares, sold 1 issue during the fiscal year, and recorded sale proceeds of ¥218 million. - FY2020First statedAnnual report
「The Company holds only policy-held shares that are held in counterparties to transactions or investments necessary for the Group's business strategy and for which there is a rational basis for holding them. In verifying the rationale for holding these shares, the Company appropriately assesses the risks and costs associated with holding them, as well as the returns generated, including from a medium- to long-term perspective, and the Board of Directors conducts a comprehensive review of profitability and other factors.」
The Company has stated a policy of reviewing its policy-held shares at the Board of Directors with respect to business relationships, risks and costs, returns, and profitability, and selling holdings for which the rationale is weak.