Review and sale of cross-shareholdings for financial transaction stability
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The company held the shares in order to facilitate financial transactions, including borrowings from ㈱福岡銀行, a subsidiary of the company. As agreement was reached as part of efforts to reduce cross-shareholdings, the company plans to sell the shares going forward.」
The company agreed to reduce its cross-shareholdings in Fukuoka Financial Group shares and Nishi-Nippon Financial Holdings shares and plans to sell them in the future. - FY2024AdvancedAnnual report
「Securities for which the number of shares decreased during the fiscal year: Unlisted shares; number of securities: 1; total sale proceeds related to the decrease in the number of shares: ¥10 million」
With respect to cross-shareholdings, the company sold 1 unlisted shareholding during the fiscal year and recorded total sale proceeds of ¥10 million. - FY2023AdvancedAnnual report
「Securities for which the number of shares decreased during the fiscal year: Unlisted shares; number of securities: 1; total sale proceeds related to the decrease in the number of shares: ¥5.3 million」
With respect to cross-shareholdings, the company sold 1 unlisted shareholding and recorded sale proceeds of ¥5.3 million. - FY2022AdvancedAnnual report
「Securities for which the number of shares decreased during the fiscal year: unlisted shares; number of securities: 1; total sale proceeds related to the decrease in the number of shares: ¥15.9 million」
With respect to cross-shareholdings, the company sold 1 unlisted shareholding and recorded sale proceeds of ¥15.9 million. - FY2021AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: unlisted shares, 1 holding; total sale price relating to the decrease in the number of shares: ¥10.6 million」
With respect to cross-shareholdings, the company sold 1 holding of unlisted shares during the fiscal year and recorded total sale proceeds of ¥10.6 million. - FY2019First statedAnnual report
「The Company holds only shares in companies deemed necessary as part of its management strategy for stabilizing financial transactions. For such holdings, it periodically verifies their economic rationale and has a policy of selling holdings with limited significance, as appropriate, taking into account share prices and market conditions. The director responsible for finance conducts the reviews, and the results are reported to the Board of Directors.」
The company stated a policy of limiting cross-shareholdings to those necessary for stabilizing financial transactions, periodically reviewing their economic rationale, and selling holdings with limited significance.