Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the number of holdings reduced was 1 unlisted holding and 5 holdings other than unlisted shares, while the total sale value related to the reduction in the number of shares was ¥665 million.」
The Company continued to review the rationale for and reduce its cross-shareholdings, selling 1 unlisted holding and 5 listed holdings. - FY2025AdvancedAnnual report
「During the fiscal year, the number of holdings reduced was 1 unlisted holding and － holdings other than unlisted shares, while the total sale value related to the reduction in the number of shares was ¥1,660 million.」
The Company continued its annual review of cross-shareholdings and sold 1 unlisted holding in the fiscal year ending March 2025, for total proceeds of ¥1,660 million. - FY2025-H1AdvancedAnnual report
「Interim net income attributable to owners of the parent was ¥9,722 million, up 75.7% year on year, partly due to the disposal of cross-shareholdings.」
The Company disposed of cross-shareholdings and recorded a ¥1,911 million gain on sales of investment securities during the current interim consolidated accounting period. - FY2024AdvancedAnnual report
「During the fiscal year, the number of holdings reduced was 1 unlisted holding and 7 holdings other than unlisted shares, while the total sale value related to the reduction in the number of shares was ¥1,098 million.」
The Company continued its annual review of cross-shareholdings and sold 1 unlisted holding and 7 listed holdings in the fiscal year ended March 2024, for total proceeds of ¥1,098 million. - FY2022-Q3AdvancedAnnual report
「Net income attributable to owners of the parent was ¥7,110 million, up 43.6% year on year, partly due to the sale of cross-shareholdings.」
The Company proceeded to reduce its holdings by selling cross-shareholdings and recording a ¥1,054 million gain on sales of investment securities. - FY2021AdvancedAnnual report
「During the fiscal year, the number of holdings reduced was － for unlisted shares and 5 holdings for shares other than unlisted shares, while the total sale value related to the reduction in the number of shares was ¥805 million.」
The Company continued its annual review of cross-shareholdings and sold 5 listed holdings during the fiscal year, for total proceeds of ¥805 million. - FY2020AdvancedAnnual report
「During the fiscal year, the Company conducted a review based on the above method at the regular Board of Directors meeting held on 20 July 2020.」
The Company conducted its annual review of cross-shareholdings and sold 2 unlisted holdings, thereby reducing its holdings. - FY2019First statedAnnual report
「For individual cross-shareholdings, the Board of Directors conducts an annual review of whether the benefits and risks associated with each holding are commensurate with the cost of capital and whether the holding remains appropriate. As a result of the review, the Company sells and reduces holdings judged no longer to be reasonable.」
The Company disclosed for the first time its policy of annually reviewing cross-shareholdings at Board of Directors meetings for consistency between their benefits and risks and the cost of capital, and selling and reducing holdings deemed unreasonable.