Limiting cross-shareholdings and considering reductions
First written in FY2016. 5 of 10 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「We aim to reduce the market value of cross-shareholdings to less than 12% of consolidated net assets by the end of fiscal 2026 and to less than 10% by the end of fiscal 2028. At the end of fiscal 2025, the ratio of the market value of cross-shareholdings to consolidated net assets was 11.6%.」
Disclosed a holding ratio of 11.6% at the end of fiscal 2025 against the time-bound reduction targets. - FY2024RaisedAnnual report
「We aim to reduce the market value of cross-shareholdings to less than 12% of consolidated net assets by the end of fiscal 2026 and to less than 10% by the end of fiscal 2028.」
In addition to the previous policy of reducing cross-shareholdings in principle, the 21st Long-Term Management Plan set time-bound reduction targets of less than 12% by the end of fiscal 2026 and less than 10% by the end of fiscal 2028. - FY2023AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: listed shares 2, ¥139 million; unlisted shares 1, ¥9 million」
The policy of reducing cross-shareholdings in principle and compressing the balance has continued. The number of shares decreased for 2 listed holdings and 1 unlisted holding during the fiscal year. There were no holdings whose number of shares increased during the fiscal year. - FY2022Continued reductions and selective acquisitionsAnnual report
「Holdings whose number of shares decreased during the fiscal year: listed shares 2, ¥21 million; unlisted shares 2, ¥1 million」
The policy of reducing cross-shareholdings in principle and compressing the balance has continued. The number of shares decreased for 2 listed holdings and 2 unlisted holdings, while shares were acquired in 1 listed holding and 2 unlisted holdings deemed economically rational to hold. - FY2021AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: listed shares 5, ¥876 million; unlisted shares 5, ¥32 million」
The policy of reducing cross-shareholdings in principle and compressing the balance has continued, and the number of shares decreased for 5 listed holdings and 5 unlisted holdings during the fiscal year. - FY2020AdvancedAnnual report
「With respect to these cross-shareholdings, our policy is, in principle, to reduce them and compress the balance. Specifically, the Board of Directors will periodically scrutinize whether the purpose of holding each shareholding is appropriate and whether the benefits of holding it are commensurate with the cost of capital. If continued ownership is deemed unjustified, we will consider selling the shares while taking into account the impact on the market and other matters requiring consideration.」
With respect to cross-shareholdings, 7 listed holdings were sold, for total proceeds of ¥1,494 million. Reviews of individual holdings using the cost of capital as the benchmark are also continuing. - FY2019AdvancedAnnual report
「With respect to these cross-shareholdings, our policy is, in principle, to reduce them and compress the balance. Specifically, the Board of Directors will periodically scrutinize whether the purpose of holding each shareholding is appropriate and whether the benefits of holding it are commensurate with the cost of capital. If continued ownership is deemed unjustified, we will consider selling the shares while taking into account the impact on the market and other matters requiring consideration.」
Clarifies the previous policy of considering reductions as a policy of reducing cross-shareholdings in principle and compressing the balance, and adds reviews of individual holdings based on the cost of capital. - FY2018RestatedAnnual report
「Our policy is to consider reducing these cross-shareholdings. Specifically, we will periodically review the significance of holding each investment and its medium- to long-term economic rationale. If continued ownership is not deemed appropriate, we will consider selling the shares while taking into account market impact and other relevant factors.」
Restates the policy of holding cross-shareholdings on a limited basis and considering reductions and sales after periodically reviewing the significance and economic rationale of the holdings. - FY2017RestatedAnnual report
「Our policy is to consider reducing these cross-shareholdings. Specifically, we will periodically review the significance of holding each investment and its medium- to long-term economic rationale. If continued ownership is not deemed appropriate, we will consider selling the shares while taking into account market impact and other relevant factors.」
Restates the policy of holding cross-shareholdings on a limited basis and considering reductions and sales after reviewing the significance and economic rationale of the holdings. - FY2016First statedAnnual report
「Our policy is to consider reducing these cross-shareholdings. Specifically, we will periodically review the significance of holding each investment and its medium- to long-term economic rationale. If continued ownership is not deemed appropriate, we will consider selling the shares while taking into account market impact and other relevant factors.」
The bank plans to hold cross-shareholdings on a limited basis and consider reductions or sales after regularly reviewing their significance and economic rationale.