Reviewing the Purpose of Cross-Shareholdings and Reducing Holdings
First written in FY2020. 5 of 7 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In fiscal 2025, shares in 3 companies worth approximately ¥12 billion were sold, bringing policy-held shares to 17.9% of consolidated net assets at the end of fiscal 2025.」
The company sold policy-held shares in 3 companies worth approximately ¥12 billion, reducing their proportion of consolidated net assets to 17.9%. This indicates progress toward the fiscal 2030 target of 10% or less. - FY2025RaisedAnnual report
「The company has decided to reduce holdings of shares whose strategic significance or economic rationale is not recognized. Under the Keio Group Medium-Term Management Plan (Fiscal Years 2025–2030), the company aims to reduce the value of its holdings to no more than 10% of consolidated net assets by fiscal 2030 and will sell shares with a market value of approximately ¥20 billion after tax.」
The policy for reducing cross-shareholdings was upgraded from reviewing and selling individual holdings to a target with a deadline and numerical thresholds: reducing holdings to no more than 10% of consolidated net assets by fiscal 2030 and selling approximately ¥20 billion of shares. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 May 2023, the company reviewed the appropriateness of holding listed shares held as of the end of March 2023.」
The company also reviewed its cross-shareholdings through the Board of Directors during the current fiscal year and continued its policy of reducing holdings based on strategic significance and economic rationale. - FY2022AdvancedAnnual report
「For shares whose strategic significance or economic rationale is not recognized as a result of the review, the company will consider selling them and work to reduce its shareholdings. Based on the policy above, the Board of Directors reviewed the appropriateness of holding listed shares held as of the end of March 2022 at a meeting held in April 2022.」
For cross-shareholdings, the Board of Directors reviewed the listed shares held as of the end of March 2022, and 3 holdings were sold during the fiscal year. - FY2020First statedAnnual report
「For shares whose strategic significance or economic rationale is not recognized as a result of the review, the company will consider selling them and work to reduce its shareholdings.」
For cross-shareholdings, the company has for the first time stated as a standalone policy that it will review their contribution to business continuity and enhancement of corporate value and proceed with the sale and reduction of holdings that lack strategic significance or economic rationale.