Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2020. 7 of 8 entries say "Advanced", first in FY2021. Latest entry: 2026-08-26.
- 2026-08-26AdvancedTimely disclosure
「After considering the matter from the perspective of asset efficiency and other factors, we decided to sell part of our shareholding.」
The company decided to sell 14 million shares of Yamaha Motor Co.,Ltd., reducing its holding from 28,928,370 shares to 14,928,370 shares. It stated that monitoring and cooperation relating to the Yamaha brand would continue after the sale. - FY2026AdvancedAnnual report
「During the fiscal year, the holdings that decreased in number consisted of 2 unlisted holdings and 4 holdings other than unlisted holdings.」
We continued to reduce cross-shareholdings, including reducing the number of shares in 4 listed holdings. At the end of the fiscal year, cross-shareholdings comprised 38 holdings, with a carrying amount of ¥4,114.2 million, representing 8.6% of total equity. - FY2025-H1AdvancedAnnual report
「During the interim consolidated accounting period, the Company sold part of its holdings of Yamaha Motor Co.,Ltd. shares. Proceeds from the sale, after deducting fees and other expenses, were ¥21,527 million.」
Under our policy of reducing cross-shareholdings, we made an additional sale of shares in Yamaha Motor Co.,Ltd. Proceeds from the sale were ¥2,152.7 million after deducting fees and other costs, and the shares were accounted for as financial assets measured at fair value through other comprehensive income. - FY2022AdvancedAnnual report
「During the current fiscal year, the number of holdings decreased for 2 unlisted stocks and 7 stocks other than unlisted stocks.」
We continued to reduce cross-shareholdings, resulting in declines in the number of shares in 7 listed and 2 unlisted holdings. We also sold part of our holding in Yamaha Motor Co.,Ltd. - FY2021AdvancedAnnual report
「During the current fiscal year, the number of holdings decreased for 2 unlisted stocks and 7 stocks other than unlisted stocks.」
Under a policy of having the Board of Directors verify the rationale for cross-shareholdings, the number of shares declined in 7 listed and 2 unlisted holdings during the fiscal year. - FY2020First statedAnnual report
「The Board of Directors regularly and continuously verifies the rationale for holding each cross-shareholding, including whether the purpose of the holding is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. Based on the results of these reviews, we are reducing our cross-shareholdings.」
For cross-shareholdings, we disclosed for the first time a policy of having the Board of Directors verify whether their purposes, benefits and risks are appropriate in relation to the cost of capital, and reducing the holdings.