Regular Review and Reduction of Strategic Shareholdings
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「As a result of the Board of Directors’ review under this policy, we determined that it would be appropriate to sell some cross-shareholdings, as described below, and sold 8 listed holdings for ¥18,693 million during the fiscal year.」
The Company continued its regular review and reduction of cross-shareholdings, selling 8 holdings for ¥18,693 million during the fiscal year. - FY2025AdvancedAnnual report
「As a result of the Board of Directors’ review under this policy, we determined that it would be appropriate to sell some cross-shareholdings, as described below, and sold 9 holdings for ¥7,591 million during the fiscal year.」
The Company continued its regular review and reduction of cross-shareholdings, selling 9 holdings for ¥7,591 million during the fiscal year. - FY2024AdvancedAnnual report
「As a result of the Board of Directors’ review under this policy, we determined that it would be appropriate to sell some cross-shareholdings, as described below, and sold 19 holdings for ¥16,614 million during the fiscal year.」
The Company continued its regular review and reduction of cross-shareholdings, selling 19 holdings for ¥16,614 million during the fiscal year. - FY2023AdvancedAnnual report
「As a result of the Board of Directors’ review under this policy, we determined that it would be appropriate to sell some cross-shareholdings and plan to do so at a suitable time in the future. As stated below, during the fiscal year we sold 4 holdings for ¥1,262 million.」
The Company continued its regular review and reduction of cross-shareholdings, selling 4 holdings for ¥1,262 million during the fiscal year. - FY2022AdvancedAnnual report
「For the fiscal year ended March 2022, based on the results of the Board of Directors’ review, we determined that it would be appropriate to sell some cross-shareholdings and plan to sell the relevant shares at an appropriate time in the future, taking into account share price trends and other factors.」
The Company sold 8 cross-shareholdings for ¥19,612 million during the fiscal year and also indicated plans for additional sales. - FY2021AdvancedAnnual report
「For the fiscal year ended March 2021, based on the results of the Board of Directors’ review, we determined that it would be appropriate to sell some cross-shareholdings and plan to sell the relevant shares at an appropriate time in the future, taking into account share price trends and other factors.」
The Company sold 11 cross-shareholdings during the fiscal year and recorded sale proceeds of ¥37,733 million, while also indicating plans for additional sales. - FY2020AdvancedAnnual report
「Shares other than unlisted shares 3 5,870」
Following a review of cross-shareholdings by the Board of Directors, the Company sold 3 listed holdings during the fiscal year for ¥5,870 million. - FY2019First statedAnnual report
「When holding listed shares as cross-shareholdings, the Board of Directors regularly verifies and evaluates each holding, taking into account its strategic significance and rationale, the benefits and risks associated with the holding, such as total shareholder return and related transaction income, the Company’s cost of capital and other considerations. For holdings determined to have limited necessity or rationale, the Company will consider options including a possible sale.」
The Company disclosed for the first time as a separate topic its policy of having the Board of Directors regularly review the strategic significance, benefits, risks and cost of capital associated with cross-shareholdings and consider selling holdings with limited rationale. It sold 3 of its 55 listed shareholdings.