Sale of Shares in Line with the Corporate Governance Code’s Policy of Reducing Cross-Shareholdings
First written in FY2019-Q2. 3 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2024.
6 other companies' latest entry also says "Other".
- FY2024Updated balance of cross-held sharesAnnual report
「Shares other than unlisted shares: — — / Specified investment shares: Not applicable.」
The company disclosed that it held neither unlisted nor listed shares for policy-holding purposes, with no number of issues or amount recorded on the balance sheet. - FY2023-Q1RestatedAnnual report
「Total net assets decreased by ¥422 million from the end of the previous consolidated fiscal year to ¥44,991 million. This was mainly due to a decrease in retained earnings resulting from the payment of dividends and other factors.」
The company disclosed that retained earnings decreased as a result of dividend payments, but made no new disclosure regarding the reduction of cross-held shares. - FY2021AdvancedAnnual report
「Following the Board of Directors’ review of the rationale for the holdings, the company sold all of the shares.」
Regarding cross-held shares, the company sold all of its shares in 川澄化学工業 during the fiscal year and recognized sale proceeds of ¥186 million. The company is further reducing its shareholdings. - FY2020AdvancedAnnual report
「Following the Board of Directors’ review of the rationale for the holdings, the company intends to proceed with their sale.」
Regarding cross-held shares, the company reduced its holdings in 2 issues during the fiscal year and recognized total sale proceeds of ¥1,170.626 million. It disclosed a policy of proceeding with the sale of the remaining holdings as well. - FY2019AdvancedAnnual report
「The company’s basic policy is to hold shares when doing so is deemed to contribute to enhancing corporate value by facilitating business relationships with business partners and maintaining ongoing interaction in sales, technology, research and development, and other areas, thereby promoting mutual business expansion and development. Each fiscal year, the Board of Directors verifies the appropriateness of continuing to hold such shares after comprehensively considering the appropriateness of their purpose, the benefits and risks associated with holding them, and other factors. The company is also progressively reducing holdings that it determines are inappropriate to retain.」
The Board of Directors reviewed the appropriateness of cross-held shares, and the company reduced its holdings by 4 issues during the fiscal year and recognized total sale proceeds of ¥2,904.850 million. - FY2019-Q3RestatedAnnual report
「The company recognized a ¥2,749 million gain on sales of investment securities from selling shares in line with the Corporate Governance Code’s policy of reducing cross-held shares.」
The company reiterated in its performance commentary the sale of shares in line with the policy of reducing cross-held shares and the recognition of a ¥2,749 million gain on the sale. - FY2019-Q2First statedAnnual report
「The company recognized a ¥2,749 million gain on sales of investment securities from selling shares in line with the Corporate Governance Code’s policy of reducing cross-held shares.」
The company stated that it sold shares in line with the policy of reducing cross-held shares and recognized a ¥2,749 million gain on sales of investment securities.