Verification of the Rationale for Strategic Shareholdings and Reduction
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the 11 fiscal years from the fiscal year ended March 2016, the year the Corporate Governance Code was introduced, through the end of the current fiscal year, we sold 46 cross-shareholdings worth ¥13.7 billion.」
The reduction in cross-shareholdings was updated from 37 holdings worth ¥7.8 billion over 9 fiscal years in the previous fiscal year to 46 holdings worth ¥13.7 billion over 11 fiscal years. - FY2024AdvancedAnnual report
「During the 9 fiscal years from the fiscal year ended March 2016, the year the Corporate Governance Code was introduced, through the end of the current fiscal year, we sold 37 cross-shareholdings worth ¥7.8 billion.」
The reduction in cross-shareholdings was updated from 36 holdings worth ¥7.7 billion over 8 fiscal years since the fiscal year ended March 2016 to 37 holdings worth ¥7.8 billion over 9 fiscal years. - FY2023AdvancedAnnual report
「During the 8 fiscal years from the fiscal year ended March 2016, the year the Corporate Governance Code was introduced, through the end of the current fiscal year, we sold 36 cross-shareholdings worth ¥7.7 billion.」
The reduction in cross-shareholdings was updated to 36 holdings worth ¥7.7 billion over the 8 years since the fiscal year ended March 2016. - FY2020First statedAnnual report
「Regarding shares that we determine no longer need to be held, our policy is to reduce the holdings after engaging in dialogue with the investee companies.」
The company stated for the first time its policy of reducing cross-shareholdings deemed unnecessary after verifying them annually at board meetings in light of transaction status, financial position, cost of capital and holding purpose. It also reported that it had sold 30 holdings worth ¥7.5 billion over the 5 years since the fiscal year ended March 2016.