Assessing the Rationale for and Reducing Cross-Shareholdings
First written in FY2021. 5 of 7 entries say "Advanced", first in FY2023. Latest entry: 2026-07-31.
- 2026-07-31AdvancedEarnings
「Although net sales, operating profit, and ordinary profit declined year on year, net income attributable to owners of the parent increased due to the recording of a gain on sales of investment securities as an extraordinary gain following the reduction of cross-held shares.」
A gain on sales of investment securities resulting from the reduction of cross-held shares was recorded as an extraordinary gain, and the reduction was reflected in the quarter’s earnings. - FY2026AdvancedAnnual report
「(Issues whose number of shares increased during the fiscal year) Unlisted shares 1 300 (Issues whose number of shares decreased during the fiscal year) Unlisted shares 2 5 Shares other than unlisted shares 3 527」
For cross-shareholdings, the company made additional investments in healthcare-related companies based on ownership rationale, while selling 2 unlisted issues and 3 listed issues. - FY2024AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares 2 17 Shares other than unlisted shares 5 1,237」
For cross-shareholdings, the company sold 2 unlisted issues and 5 listed issues. At the same time, it also made acquisitions based on ownership rationale, including investments in startups aimed at creating new businesses related to the electronics business. - FY2023AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares 4 2,053; shares other than unlisted shares 5 186」
For cross-shareholdings, the company sold shares based on its verification of the rationale for ownership, reducing its holdings in 4 unlisted issues and 5 listed issues. - FY2021First statedAnnual report
「The company’s policy is to hold shares only when, after considering business expansion and creation, the maintenance and strengthening of collaborative arrangements, and business operating needs, it determines that the holdings will contribute to enhancing corporate value over the medium to long term. If continued ownership is not deemed reasonable, the company will sell the shares after taking the circumstances of the relevant company into account. The Board of Directors verifies the purpose of holding each issue, its medium- to long-term economic rationale, and whether the benefits are commensurate with the cost of capital, and then decides whether to continue holding or reduce the holding.」
For cross-shareholdings, the company discloses for the first time in a systematic manner its policy of verifying the purpose of ownership, economic rationale, and benefits commensurate with the cost of capital at Board of Directors meetings, and deciding whether to continue holding or reduce the holdings.