Review and reduction of cross-shareholdings held for business relationships
First written in FY2024. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 16 1,086,434」
Cross-shareholdings totalled 16 issues valued at ¥1.08643 billion, and 3 issues were sold during the fiscal year. The company continues to review, sell and reduce holdings to maintain and develop business relationships. - FY2025AdvancedAnnual report
「We monitor daily the operating performance, share prices, dividends and other factors for all cross-shareholdings, thereby avoiding impairment risk arising from a downturn in the stock market. Based on this analysis, the Board of Directors annually makes a comprehensive assessment of the future prospects and significance of each cross-shareholding, selects holdings as appropriate, and maintains medium- to long-term economic rationality by selling or reducing holdings whose significance has diminished.」
The company disclosed the results of its annual review, sale and reduction policy for cross-shareholdings, including holdings of 19 issues valued at ¥1.94833 billion, the acquisition of 5 issues and a reduction in 3 issues. - FY2024First statedAnnual report
「Our policy is to hold shares as cross-shareholdings when we determine that doing so will contribute to enhancing our corporate value over the medium to long term, from the perspective of maintaining and strengthening stable, long-term business relationships with customers and suppliers.」
Regarding cross-shareholdings, the company has for the first time provided a consolidated description of its policy of reviewing the significance of each holding annually for the purpose of maintaining and strengthening business relationships, and selling or reducing holdings whose significance has diminished.