Decisions on Continued Holding or Sale of Strategic Shareholdings Based on Cost-of-Capital Criteria
First written in FY2021. 6 of 9 entries say "Advanced", first in FY2023. Latest entry: 2026-07-30.
- 2026-07-30AdvancedEarnings
「Profit attributable to owners of the parent increased mainly because ordinary profit rose and the company continued to streamline its cross-shareholdings, recording a gain on sales of investment securities.」
The streamlining of cross-shareholdings continued, and a ¥563 million gain on sales of investment securities was recorded. - FY2026AdvancedAnnual report
「The policy for holding listed shares for strategic purposes is to acquire and hold them when they are judged to contribute to the globalization of our group, higher market share, improved productivity, technological innovation and other objectives, and to enhance the value of our group's presence in the supply chain. Shares that do not meet these criteria will be sold.」
The company continued its policy of selling cross-held shares based on comparisons with the cost of capital and their holding purposes, sold 6 holdings during the period, and recorded ¥791 million in gains on sales of investment securities. - FY2026-H1RestatedAnnual report
「Gains on sales of investment securities 72」
The company continues to record gains on sales of investment securities related to cross-held shares and other holdings, with its decisions to hold or sell continuing to be implemented. - FY2025-H1AdvancedAnnual report
「Interim net income attributable to owners of the parent increased mainly because of gains on sales of investment securities related to cross-held shares.」
The company recorded ¥506 million in gains on sales of investment securities related to cross-held shares, linking its policy for deciding whether to hold or sell such shares to actual sales and profit recognition. - FY2023AdvancedAnnual report
「The policy for holding listed shares for strategic purposes is to acquire and hold them when they are judged to contribute to the globalization of our group, higher market share, improved productivity, technological innovation and other objectives, and to enhance the value of our group's presence in the supply chain. Shares that do not meet these criteria will be sold.」
The company stated that, in addition to comparing returns with the cost of capital, it would sell cross-held shares that do not fit their holding purpose, and sold multiple holdings during the fiscal year. - FY2021First statedAnnual report
「For each individual security, we determine whether to continue holding it by reviewing its contribution, and prospects for contribution, to our holding policy, while also considering whether its return and risk profile and prospects are commensurate with our cost of capital.」
The company stated that decisions to continue holding or sell cross-held shares would be based on their contribution to globalization, market-share gains, productivity improvements and technological innovation, as well as whether their return and risk were commensurate with the cost of capital.