Risk of declines in the share prices of cross-shareholdings
First written in FY2017. 3 of 9 entries say "Mitigated", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 13 of 44 companies on the "Worse" side.
20 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Group planned to reduce the book value of its holdings by ¥6 billion over the 3 years of the medium-term management plan, and achieved a reduction of ¥9.6 billion by the end of FY2025, exceeding the target.」
The reduction in strategic shareholdings reached ¥9.6 billion, exceeding the planned ¥6 billion. - FY2024AdvancedAnnual report
「Under the medium-term management plan "創ろうイ・イ・ヨ♪," launched in April 2023, the Group planned to reduce the book value of its holdings by ¥6 billion over 3 years, and had reduced them by ¥4.2 billion as of the end of FY2023.」
Strategic shareholdings comprised 69 listed issues, with a carrying amount of ¥117.85 billion. Against the plan to reduce book value by ¥6 billion over 3 years, ¥4.2 billion was reduced in the first year. - FY2023RaisedAnnual report
「The Group aims to continue reducing its strategic shareholdings, reducing their book value by ¥6 billion during the period of the medium-term management plan (FY2023–FY2025) and bringing them to 20% or less of consolidated net assets on a market value basis by the end of March 2031.」
Specific targets were added for reducing strategic shareholdings: ¥6 billion on a book value basis during FY2023–FY2025 and to 20% or less of consolidated net assets by the end of March 2031. - FY2022AdvancedAnnual report
「The Board of Directors has confirmed the purpose of holding all listed strategic shareholdings held as of the end of March 2022. It has also confirmed that the aggregate total for all holdings exceeds the criteria established with consideration given to the levels of the Bank's ROE and capital adequacy ratio, and that more than 90% of individual holdings exceed the criteria.」
The Board of Directors confirmed the purpose and economic rationale for holding each strategic shareholding. The number of listed holdings decreased from 88 to 80. - FY2021MitigatedAnnual report
「The basic policy for strategic shareholdings is to reduce them, after sufficient dialogue with business partners, from the perspectives of mitigating price volatility risk, improving capital efficiency and other considerations. As a rule, no new investments will be made.」
The disclosure specifies a policy of reducing strategic shareholdings as a basic principle and, in principle, making no new investments. There were 88 listed holdings and 102 unlisted holdings. - FY2019MitigatedAnnual report
「The basic policy for strategic shareholdings is to reduce them, after sufficient dialogue with business partners, from the perspectives of mitigating price volatility risk, improving capital efficiency and other considerations.」
The disclosure specifies a policy of reducing strategic shareholdings to mitigate price volatility risk and improve capital efficiency. - FY2017First statedAnnual report
「The Group holds strategic shareholdings to strengthen relationships with business partners and for other purposes. If share prices continue to decline, impairment losses on shares may arise.」
The disclosure specifies the purpose of holding strategic shareholdings and the risk of impairment losses arising if share prices decline.