Disposal and Reduction of Cross-Shareholdings
First written in FY2019. 12 of 17 entries say "Advanced", first in FY2020. Latest entry: 2026-10-08.
- FY2026AdvancedAnnual report
「During the fiscal year under review, the company sold all shares in 15 issues, reducing the ratio of cross-shareholdings to consolidated net assets to 16.78%.」
The company sold all holdings in 15 cross-shareholding issues, reducing their ratio to consolidated net assets to 16.78%. It aims to reach a level of 10% by the fiscal year ending March 2028 and plans to sell 4 issues in the fiscal year ending March 2027. - FY2025RaisedAnnual report
「During the fiscal year under review, the company sold all shares in 12 issues and part of its holdings in 4 issues, reducing the ratio of cross-shareholdings to consolidated net assets to below 20%. Regarding future reductions, the company aims to bring the ratio of cross-shareholdings to consolidated net assets to 10% by the fiscal year ending March 2028, and will proceed steadily with sales. Funds obtained through the reduction of cross-shareholdings will be used for growth investments, shareholder returns and other purposes. The company plans to sell holdings in 11 issues in the fiscal year ending March 2026.」
During the year, the company sold 12 issues in full and part of its holdings in 4 issues, bringing the cross-shareholding ratio below 20%. It also added a time-bound reduction target of reaching a 10% ratio to consolidated net assets by the fiscal year ending March 2028, with sales of 11 issues planned for the fiscal year ending March 2026. - FY2025-H1AdvancedAnnual report
「Proceeds from sales of investment securities: ¥3,205 million」
In connection with the reduction of cross-shareholdings, the company recorded ¥3,205 million in proceeds from sales of investment securities during the interim consolidated accounting period. Gains on sales were ¥2,778 million. - FY2024AdvancedAnnual report
「During the fiscal year under review, the company sold part of its holdings in 4 issues.」
The company continued its policy of reviewing and reducing cross-shareholdings, and sold part of its holdings in 4 issues during the fiscal year under review. Total sale proceeds were ¥342 million. - FY2023AdvancedAnnual report
「During the fiscal year under review, the company sold all shares in 2 issues and part of its holdings in 6 issues.」
The company continued to assess cross-shareholdings by comparing their rationale, benefits and risks with the cost of capital, and sold 2 issues in full and part of its holdings in 6 issues. - FY2023-Q3AdvancedAnnual report
「Net income attributable to owners of the parent increased significantly, rising 51.5% year on year to ¥1,795 million, partly due to gains on sales resulting from the reduction of cross-shareholdings.」
Gains on sales resulting from the reduction of cross-shareholdings contributed to the increase in net income attributable to owners of the parent. Gains on sales of investment securities were ¥655 million. - FY2023-Q2AdvancedAnnual report
「Net income attributable to owners of the parent increased 20.9% year on year to ¥844 million, partly due to gains on sales resulting from the reduction of cross-shareholdings.」
Gains on sales resulting from the reduction of cross-shareholdings contributed to the increase in first-half net income attributable to owners of the parent. Gains on sales of investment securities were ¥369 million, and proceeds from sales of investment securities were ¥1,018 million. - FY2022RestatedAnnual report
「The basic policy is to dispose of or reduce investment shares whose rationale for holding is considered weak as promptly as possible. After scrutinizing whether ownership of investment shares is appropriate and whether the benefits and risks of ownership are commensurate with the cost of capital, the Board of Directors verifies the appropriateness of continued ownership each year.」
The company continued its annual review of cross-shareholdings and its policy of disposing of or reducing shares with limited rationale for ownership. During the year, it acquired 1 unlisted issue due to operational necessity and made no sales. - FY2021AdvancedAnnual report
「The basic policy is to dispose of or reduce investment shares whose rationale for holding is considered weak as promptly as possible. Each year, the Board of Directors scrutinizes whether ownership of each investment share is appropriate and whether the benefits and risks of ownership are commensurate with the cost of capital, and verifies the appropriateness of continued ownership. During the fiscal year under review, the company sold 2 issues.」
The company continued its annual review of cross-shareholdings and its policy of disposing of or reducing shares with limited rationale for ownership, and sold 2 issues during the year. - FY2020AdvancedAnnual report
「In the fiscal year under review, the Board of Directors resolved, based on its review, to designate 3 issues for sale.」
The company continued its policy of annually assessing cross-shareholdings by comparing their rationale, benefits and risks with the cost of capital, and resolved to designate 3 issues for sale during the year. It sold 3 unlisted issues and 3 listed issues, reducing its shareholdings. - FY2019First statedAnnual report
「The basic policy is to dispose of or reduce investment shares whose rationale for holding is considered weak as promptly as possible. Each year, the Board of Directors scrutinizes whether continued ownership of each investment share is appropriate and whether the benefits and risks of ownership are commensurate with the cost of capital, and discloses the results of its review. In the consolidated fiscal year under review, the Board of Directors resolved, based on its review, to designate 5 issues for sale.」
For cross-shareholdings, the company stated for the first time in specific terms its policy of annually assessing them against the cost of capital, disposing of or reducing shares with limited rationale for ownership, and designating 5 issues for sale.