Review and Disposal Policy for Strategic Shareholdings Based on Business Relationships
First written in FY2019. 8 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Regarding the quantitative benefits of the holdings, the company compared the benefits of transaction results and dividends for each issue with its weighted average cost of capital and reviewed the rationale for holding them, including qualitative factors, at a management meeting in June 2026. As a result, it reported to the Board of Directors that the holdings had a rationale.」
Regarding cross-shareholdings, the company conducted a review in June 2026, sold all Mizuho Financial Group,Inc. shares, and reported to the Board of Directors that the remaining holdings had a rationale. - FY2026AdvancedAnnual report
「Mizuho Financial Group,Inc. - 111,220 After reviewing the rationale for holding the shares, the company sold all of them.」
Regarding cross-shareholdings, the company sold all 111,220 shares of Mizuho Financial Group,Inc. and recorded proceeds of ¥707 million. In its review in June 2026, it reported to the Board of Directors that the remaining holdings had a rationale. - 2026-06-02Cited as achievedGeneral Meetings of Shareholders
「投資有価証券売却益を」
投資有価証券売却益を特別利益として計上した実績を記載している。 - FY2025AdvancedAnnual report
「The company reported to the Board of Directors that the holdings had a rationale.」
Regarding cross-shareholdings, the company sold all shares of KISOJI CO.,LTD. while acquiring 40,000 shares of OUG Holdings. In its review in June 2025, it reported to the Board of Directors that the remaining holdings had a rationale. - FY2024AdvancedAnnual report
「Regarding the quantitative benefits of the holdings, the company compared the benefits of transaction results and dividends for each issue with its weighted average cost of capital and reviewed the rationale for holding them, including qualitative factors, at a management meeting in May 2024. As a result, it reported to the Board of Directors that the holdings had a rationale, with some exceptions.」
In May 2024, the company reviewed its cross-shareholdings and reported that all but some holdings had a rationale. It plans to sell its 木曽路 shares, which have little rationale for continued holding. - FY2023AdvancedAnnual report
「Regarding the quantitative benefits of the holdings, the company assessed each issue at a management meeting in May 2023 by comparing the benefits of transaction results and dividends with its weighted average cost of capital. Including qualitative factors, it reported to the Board of Directors that all holdings had a rationale.」
Regarding cross-shareholdings, the company reviewed all holdings in May 2023 and reported to the Board of Directors that all had a rationale. While it sold 1 unlisted issue, the number of shares held in 2 listed issues increased. - FY2022AdvancedAnnual report
「Regarding the quantitative benefits of the holdings, the company assessed each issue at a management meeting in May 2022 by comparing the benefits of transaction results and dividends with its weighted average cost of capital. Including qualitative factors, it reported to the Board of Directors that all holdings had a rationale.」
In May 2022, the company reviewed all cross-shareholdings and reported to the Board of Directors that all holdings had a rationale. - FY2021AdvancedAnnual report
「Regarding the quantitative benefits of the holdings, the company assessed each issue at a management meeting in April 2021 by comparing the benefits of transaction results and dividends with its weighted average cost of capital. Including qualitative factors, it reported to the Board of Directors that all holdings had a rationale.」
In April 2021, the company reviewed all holdings from quantitative and qualitative perspectives and reported to the Board of Directors that all had a rationale. It also changed the purpose of holding Yonkyu and Nichirei shares to pure investment. - FY2020AdvancedAnnual report
「Regarding the quantitative benefits of the holdings, the company assessed each issue at a management meeting in April 2020 by comparing the benefits of transaction results and dividends with its weighted average cost of capital. Including qualitative factors, it reported to the Board of Directors that all holdings had a rationale.」
Regarding cross-shareholdings, the company conducted an issue-by-issue review in April 2020, including a comparison with its weighted average cost of capital, and reported to the Board of Directors that all holdings had a rationale. - FY2019First statedAnnual report
「As a basic policy, the company limits its cross-shareholdings to shares held for purposes such as establishing, maintaining and strengthening business or collaborative relationships, where it has determined that the holdings contribute to maintaining and enhancing the corporate value of the group and that there is a rationale for holding them. Accordingly, the company periodically and continuously reviews the rationale for holding each shareholding, based on a comprehensive quantitative and qualitative assessment, and reports the results to the Board of Directors. In principle, holdings deemed to have little rationale will be sold.」
The company evaluates its cross-shareholdings based on business and collaborative relationships and their contribution to corporate value, reviews them periodically, and has stated for the first time as a standalone theme that holdings with little rationale will generally be sold.