Review of the rationale for cross-shareholdings and sale of inappropriate holdings
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the holdings whose number of shares declined comprised 5 holdings other than unlisted shares, with aggregate sale proceeds related to the reduction in the number of shares of ¥9.616 billion.」
With respect to cross-shareholdings, shares in 5 listed companies were sold in fiscal 2025, generating aggregate sale proceeds of ¥9.616 billion. Sales following the review of their rationale have continued. - FY2022AdvancedAnnual report
「The shares were held to maintain a friendly relationship with the company, but all shares were sold in fiscal 2021.」
With respect to cross-shareholdings, the number of shares held in 9 holdings was reduced in fiscal 2021, and aggregate proceeds from the sale of shares other than unlisted shares were reported at ¥7.846 billion. The policy of reviewing the rationale progressed to actual sales. - FY2021AdvancedAnnual report
「For cross-shareholdings, the Board of Directors reviews each individual holding annually to determine whether it should be retained, taking into account the purpose of holding the shares as well as economic rationality, including dividend yield.」
The Company disclosed that its Board of Directors reviewed whether to retain each individual holding at its July 2020 meeting, stating that the policy of reviewing the rationale for cross-shareholdings had entered the implementation stage. - FY2019First statedAnnual report
「For cross-shareholdings, the Board of Directors reviews each individual holding annually to determine whether it should be retained, taking into account the purpose of holding the shares as well as economic rationality, including dividend yield. For holdings deemed inappropriate to retain, the Company will proceed with sales in stages after comprehensively considering the impact on its finances and the market, among other factors.」
The Company has stated for the first time its policy of holding cross-shareholdings to maintain business relationships, collaboration and ties with local communities, reviewing the rationale for each holding annually at Board of Directors meetings, and selling holdings deemed inappropriate.