Limited holdings of cross-shareholdings, annual reviews of their appropriateness, and reductions
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「With respect to cross-shareholdings by the Company and its consolidated subsidiaries, the Company will hold only a limited number of shares that are considered to contribute to enhancing the corporate value of the companies held, taking a comprehensive view that includes strengthening relationships with business partners.」
The Company continues its policy of limited ownership, annual assessment of whether continued ownership is appropriate, and reduction of cross-shareholdings. The filing company sold 1 unlisted and 2 listed holdings, while a consolidated subsidiary sold 1 unlisted holding. The Company is considering selling its holding in 日本製紙. - FY2025AdvancedAnnual report
「With respect to cross-shareholdings by the Company and its consolidated subsidiaries, the Company will hold only a limited number of shares that are considered to contribute to enhancing the corporate value of the companies held, taking a comprehensive view that includes strengthening relationships with business partners. Each year, the Board of Directors specifically examines the benefits and risks of holding each listed share held as a cross-shareholding by the Group, as well as the balance with the cost of capital, and assesses whether continued ownership is appropriate.」
The Company conducts an annual assessment of whether continued ownership is appropriate, based on March 2025. The filing company sold 1 unlisted holding, and a consolidated subsidiary sold 1 unlisted holding. The Company is considering selling its holdings in 日本製紙 and 三菱UFJフィナンシャル・グループ, whose ownership advantages have diminished. - FY2024AdvancedAnnual report
「Each year, the Board of Directors specifically examines the benefits and risks of holding each listed share held as a cross-shareholding by the Group, as well as the balance with the cost of capital, assesses whether continued ownership is appropriate, and determines which holdings to sell.」
The Company continues its policy of annual assessments of whether continued ownership is appropriate, limited ownership and reduction of cross-shareholdings. During the fiscal year, it sold shares in 大建工業 and ピーエス三菱 and also identified other holdings under consideration for sale. - FY2023AdvancedAnnual report
「With respect to cross-shareholdings by the Company and its consolidated subsidiaries, the Company will hold only a limited number of shares that are considered to contribute to enhancing the corporate value of the companies held, taking a comprehensive view that includes strengthening relationships with business partners. Each year, the Board of Directors specifically examines the benefits and risks of holding each listed share held as a cross-shareholding by the Group, as well as the balance with the cost of capital, assesses whether continued ownership is appropriate, and determines which holdings to sell.」
The Company reaffirmed its policy of limited ownership, annual assessment of whether continued ownership is appropriate, and reduction of cross-shareholdings, and during the fiscal year sold 1 unlisted and 1 listed holding at 株式会社クワザワ and 1 unlisted holding at the filing company. - FY2022AdvancedAnnual report
「With respect to cross-shareholdings by the Company and its consolidated subsidiaries, the Company will hold only a limited number of shares that are considered to contribute to enhancing the corporate value of the companies held, taking a comprehensive view that includes strengthening relationships with business partners.」
The Company continues to limit its cross-shareholdings and conduct an annual assessment of whether continued ownership is appropriate. 株式会社クワザワ sold 3 unlisted holdings, while the filing company sold 1 unlisted and 1 listed holding. - FY2021AdvancedAnnual report
「Each year, the Board of Directors specifically examines the benefits and risks of holding each listed share held as a cross-shareholding by the Group, as well as the balance with the cost of capital, assesses whether continued ownership is appropriate, and determines which holdings to sell.」
The Company conducts an annual assessment of whether continued ownership is appropriate, based on March 2021, and is considering or carrying out sales of holdings whose ownership advantages have diminished. - FY2020AdvancedAnnual report
「Each year, the Board of Directors specifically examines the benefits and risks of holding each listed share held as a cross-shareholding, as well as the balance with the cost of capital, assesses whether continued ownership is appropriate, and determines which holdings to sell.」
After conducting the annual assessment of whether continued ownership was appropriate, the number of unlisted holdings decreased from 23 to 21 and the number of listed holdings from 23 to 22. - FY2019First statedAnnual report
「With respect to cross-shareholdings, the Company will hold only a limited number of shares that are considered to contribute to enhancing its corporate value, taking a comprehensive view that includes strengthening relationships with business partners. Each year, the Board of Directors specifically examines the benefits and risks of holding each listed share held as a cross-shareholding, as well as the balance with the cost of capital, assesses whether continued ownership is appropriate, and determines which holdings to sell.」
The Company has newly stated its policy of holding cross-shareholdings on a limited basis, with the Board of Directors reviewing the balance between benefits, risks and the cost of capital each year and determining which holdings to sell. As of the end of March 2019, it held 23 unlisted and 23 listed holdings.