Policy of generally holding no strategic shareholdings and verifying the rationale for any holdings
First written in FY2019. 9 of 14 entries say "Advanced", first in FY2020. Latest entry: 2026-07-01.
44 other companies' latest entry also says "Restated".
- 2026-07-01RestatedGovernance
「Our basic policy is not to hold cross-shareholdings.」
The company reaffirmed its policy of generally holding no cross-shareholdings and verifying the rationale for any holdings. - FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 2 117,015」
Regarding cross-shareholdings, the company sold 2 listed shareholdings during the fiscal year and recorded ¥11.7015 billion in sale proceeds. It determined that there was a compelling rationale for continuing to hold the remaining 3 listed shareholdings and made no additional acquisitions. - FY2026-H1AdvancedAnnual report
「Reason for sale of investment securities To reduce cross-shareholdings and improve capital efficiency (3) Gain on sale of investment securities ¥37,215 million」
To reduce cross-shareholdings and improve capital efficiency, the company sold part of its listed investment securities on 29 October 2025 and recorded a gain on sale of investment securities of ¥37.215 billion. - FY2025AdvancedAnnual report
「The company made no additional acquisitions of shares during the fiscal year.」
Regarding cross-shareholdings, the company made no additional acquisitions and disclosed the liquidation of 1 unlisted shareholding and the sale of 1 listed shareholding for ¥751 million. - FY2024AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 535」
Regarding cross-shareholdings, the company sold 1 listed shareholding during the fiscal year and recorded ¥535 million in sale proceeds. It confirmed the rationale for continuing to hold the remaining 3 listed shareholdings and made no additional acquisitions. - FY2023AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 1 316」
Regarding cross-shareholdings, the company sold 1 listed shareholding during the fiscal year and recorded ¥316 million in sale proceeds. It confirmed the rationale for continuing to hold the remaining listed shares. - FY2022RestatedAnnual report
「For each individual holding, management reviewed whether the benefits aligned with the purpose of ownership, such as maintaining a medium- to long-term relationship, securing stable procurement, and maintaining technology alliances, were being obtained. As a result, it determined that there was a compelling rationale for holding all listed shares.」
The company reconfirmed its policy of generally holding no cross-shareholdings and individually verifying the rationale for the 3 holdings held as exceptions. No additional acquisitions were made during the period. - FY2021AdvancedAnnual report
「For each individual holding, management reviewed whether the benefits aligned with the purpose of ownership, such as maintaining a medium- to long-term relationship, securing stable procurement, and maintaining technology alliances, were being obtained. As a result, it determined that there was a compelling rationale for holding all listed shares.」
The company reviewed the rationale for each cross-shareholding and determined that there was a compelling rationale for holding all 3 listed shareholdings. - FY2020AdvancedAnnual report
「For shares held, management periodically verifies the rationale for continuing to hold each position from the perspectives of consistency with the investment purpose at acquisition and the latest business strategy, as well as the benefits and risks of share ownership, and reports the results to the Board of Directors. If the review determines that the rationale for continued ownership is limited, the company will consider selling the shares or taking other action.」
In addition to the policy of generally holding no cross-shareholdings, the company specified the practice of periodic reviews by management and reporting to the Board of Directors. In FY2020, it sold all shares of Tsukishima Kikai. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no decisions or agreements concerning material management-related contracts or similar matters.」
There were no decisions or agreements concerning material management-related contracts or similar matters, and no change was disclosed in the policy of generally holding no cross-shareholdings and verifying the rationale for any holdings. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no decisions or agreements concerning material management-related contracts or similar matters.」
No change in the policy itself regarding cross-shareholdings was disclosed. There were also no decisions or agreements concerning material management-related contracts or similar matters. - FY2019First statedAnnual report
「The company’s basic policy is not to hold cross-shareholdings. However, it will hold shares in other companies only when it determines that there is a compelling business rationale for doing so in its relationship with the issuing company, such as maintaining a medium- to long-term relationship, securing stable procurement, or investing in a business partner to maintain a technology alliance.」
The company disclosed for the first time, as a standalone topic, its policy of generally holding no cross-shareholdings and verifying the business rationale when holdings are made as an exception.