Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Stocks whose number decreased during the fiscal year: Unlisted stocks 1 20 Stocks other than unlisted stocks 5 2,955」
The company sold 1 unlisted stock and 5 listed stocks and other securities held for strategic purposes during the fiscal year, for total proceeds of ¥2,975 million. It continues to reduce these holdings based on its annual assessment of their rationale. - 2026-05-15AdvancedEarnings
「The main factor behind the decrease was a ¥2,155 million reduction resulting from the sale of certain investment securities in accordance with our policy for holding cross-shareholdings.」
The reduction of cross-shareholdings was reflected in a decrease in investment securities resulting from sales. - FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares 2 78 Shares other than unlisted shares 1 236」
During the fiscal year, the Company sold 2 unlisted shareholdings and 1 listed shareholding or other holding, generating total proceeds of ¥314 million. It continued to reduce strategic shareholdings based on its review of their rationale. - FY2024AdvancedAnnual report
「The Company continues to reduce its strategic shareholdings under a policy of acquiring and holding such shares only when the purpose of holding them is clear and there is a compelling rationale for doing so.」
The Company continued its policy of annually reviewing the business benefits and other benefits of strategic shareholdings against the cost of capital. During the fiscal year, it sold 5 listed shareholdings and other holdings for total proceeds of ¥749 million. Meanwhile, the number of shares held increased for 6 holdings due to reasons including maintaining and strengthening business relationships. - FY2022AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 15 457」
Under its policy of annually reviewing and reducing strategic shareholdings, the Company sold 15 listed shareholdings and other holdings during the fiscal year and disclosed total proceeds of ¥457 million. - FY2021AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Shares other than unlisted shares 15 114」
Under its policy of annually reviewing the rationale for strategic shareholdings, the Company sold 15 holdings during the fiscal year and disclosed total proceeds of ¥114 million. - FY2020AdvancedAnnual report
「The Company sold all of the shares during the fiscal year.」
The Company disclosed specific sales of strategic shareholdings based on its policy of reviewing each holding. The company concerned was Yushin Co., Ltd. - FY2019First statedAnnual report
「The Company has established a policy under which the Board of Directors reviews each holding annually, comprehensively examining the status of the holding, acquisition details, the benefits and costs associated with holding it, risks and other factors, and reduces holdings deemed unjustified.」
The Company has stated its policy of having the Board of Directors review each strategic shareholding annually and reducing holdings deemed unjustified.