Reducing cross-held shares and reviewing the rationale for holdings
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026Reduction resumed; acquisitions continuedAnnual report
「(Holdings whose number of shares increased during the fiscal year) Shares other than unlisted shares 3 106 (Holdings whose number of shares decreased during the fiscal year) Shares other than unlisted shares 1 180」
For cross-shareholdings, shares in 3 companies were acquired for ¥106 million, while shares in 1 company were sold for ¥180 million. Acquisitions and sales occurred concurrently under the reduction policy. - FY2023No reductions; some acquisitions continuedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares － － Shares other than unlisted shares － －」
Although the policy of reducing cross-shareholdings was maintained, no holdings decreased during the fiscal year, while increases in the number of shares through acquisitions were reported for 1 unlisted company and 2 listed companies. - FY2022AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 166」
Under its policy of reducing cross-shareholdings, the company sold shares in 1 company other than an unlisted company and reported sale proceeds of ¥166 million. - FY2021AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 11」
The filing stated that, while maintaining its policy of verifying the rationale for cross-shareholdings, the company sold shares in 1 company other than an unlisted company. - FY2020First statedAnnual report
「We hold shares of business partners as cross-shareholdings from the perspective of building stable, long-term business relationships and strengthening transactions. Our basic policy is to reduce holdings that are judged not necessarily to have sufficient significance. We report and verify the rationality of these holdings from time to time at meetings of the Board of Directors and other forums, based on transaction status, dividend yield and other factors.」
The company explicitly stated for the first time that its basic policy is to reduce cross-shareholdings whose significance is insufficient and to verify transaction status and dividend yields at meetings of the Board of Directors and other forums.