Limited holdings of shares in key business partners and annual review of their rationale
First written in FY2019. 6 of 7 entries say "Advanced", first in FY2020. Latest entry: 2026-08-10.
- 2026-08-10AdvancedResults
「当社グループでは、政策保有株式及び低稼働資産の売却を継続し、資産構成の最適化を進めております。」
政策保有株式の売却を継続し、資産構成の最適化を進めている。 - FY2026AdvancedAnnual report
「During the fiscal year, at the Board of Directors meeting held on 16 July 2025, all holdings of our Group were reviewed after confirming the transaction amounts with the investee companies for the fiscal year ended March 2025 and expected future transactions. As a result of the review, it was decided to sell the holdings in 2 companies owned by us and 5 companies owned by 竹田印刷株式会社.」
The Board of Directors reviewed all cross-shareholdings and decided to sell shares in a total of 7 companies. The level of holdings was 17.4% of consolidated net assets, and the policy of reducing this to 15% or less by fiscal 2026 continues. - FY2025AdvancedAnnual report
「We have established a policy to reduce the level of cross-shareholdings held by our Group, measured at market value, to 15% or less of consolidated net assets by fiscal 2026, the final year of the medium-term management plan. (For reference: 14.2% in fiscal 2024)」
The policy to reduce cross-shareholdings to 15% or less of consolidated net assets by fiscal 2026 was newly stated, with the fiscal 2024 result reported at 14.2%. Following the review, we and 竹田印刷 each sold shares in 1 company. - FY2023AdvancedAnnual report
「During the fiscal year, the Board of Directors meeting held on 19 July 2022 verified the holdings after confirming the transaction amounts with the investee companies for the fiscal year ended March 2022 and expected future transactions.」
For cross-shareholdings, the Board of Directors conducted a review after confirming transaction performance for the fiscal year ended March 2022 and expected future transactions. - FY2022AdvancedAnnual report
「During the fiscal year, the Board of Directors meeting held on 19 July 2021 verified the holdings after confirming the transaction amounts with the investee companies for the fiscal year ended March 2021 and expected future transactions.」
For cross-shareholdings, the Board of Directors conducted a review after confirming transaction performance and expected future transactions, and shares were also sold during the fiscal year. - FY2020AdvancedAnnual report
「During the fiscal year, the Board of Directors meeting held on 18 July 2019 verified the holdings after confirming the transaction amounts with the investee companies for the fiscal year ended March 2019 and expected future transactions. At the Board of Directors meeting held on 19 September 2019, the partial sale of the holdings was approved following a request from an investee company.」
The Board of Directors reviewed the transaction performance and expected future transactions relating to cross-shareholdings and approved the partial sale of holdings. - FY2019First statedAnnual report
「Our shareholdings are limited to key business partners, and the basic policy is to hold them for the long term. Holdings are reviewed annually. The Corporate Management Division monitors the performance, share price, dividends, and business relationships of the companies concerned as appropriate, and our policy is to sell shares promptly if the rationale for holding them is considered weak or an impairment risk is expected. The results of the review are reported to and verified by the Board of Directors.」
The policy states that cross-shareholdings will be limited to key business partners and reviewed annually, with shares sold if their rationale is weak or there is an impairment risk. It also specifies the review procedure by the Board of Directors.