Expanding business investment and M&A funded by the reduction of strategic shareholdings
First written in FY2024. 3 of 4 entries say "Advanced", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2026: 8 of 49 companies on the "Worse" side.
21 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company will achieve sustainable growth by allocating funds generated from operating cash flow and the reduction of cross-shareholdings to growth investment.」
In addition to proceeds of ¥1,015 million from the sale of cross-shareholdings, the Company paid ¥1,010 million in capital contributions, indicating that the policy of allocating funds from the reduction of cross-shareholdings and other sources to growth investment had entered the execution stage. - 2026-06-05AdvancedFinancial Results Presentation
「Establishment of a corporate venture capital fund “MAP Challenge Growth Fund” (Map Challenge Growth Investment Limited Partnership) Date formed: 27 October 2025 Total capital commitment: ¥1.005 billion Acquisition of shares in Meihou Shoji Co., Ltd. (making it a wholly owned subsidiary) Share transfer completion date: 31 October 2025」
The company presented specific growth investments, namely the formation of a CVC fund and the acquisition of Meihou Shoji Co., Ltd. as a wholly owned subsidiary, in line with its policy of directing funds from the reduction of cross-shareholdings toward growth investments. - FY2025AdvancedAnnual report
「The Company will continue reducing cross-shareholdings and invest the resulting funds to further strengthen investments for future growth.」
The Company described the reduction of cross-shareholdings and the use of the resulting funds for growth investment as having entered the execution stage, rather than merely reiterating the policy, together with the sale of ¥1,276 million in shares during the fiscal year. - FY2024First statedAnnual report
「To further enhance corporate value, with a PBR of more than 1.0x in mind, the Company will continue reducing cross-shareholdings and consider measures to improve capital efficiency by strengthening and accelerating business investment, including M&A, with the funds generated, toward further future growth.」
The Company newly presented measures to reduce cross-shareholdings and direct the resulting funds to business investment, including M&A, toward enhancing corporate value with a PBR of more than 1.0x in mind.