Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 7 of 11 entries say "Advanced", first in FY2020. Latest entry: 2026-07-31.
- 2026-07-31AdvancedEarnings
「In addition, as a result of progress in reducing cross-shareholdings, profit attributable to owners of the parent increased 40.9% to ¥8.873 billion.」
The Company cited progress in reducing cross-shareholdings as a factor behind the increase in quarterly profit attributable to owners of the parent. - FY2026AdvancedAnnual report
「During the current fiscal year, the holdings whose number of shares decreased consisted of no unlisted shareholdings and 6 holdings other than unlisted shares. The total sale proceeds were - and ¥2,570 million, respectively.」
The Company sold 6 holdings other than unlisted shares during the current period, with total sale proceeds of ¥2,570 million. - FY2025AdvancedAnnual report
「During the current fiscal year, the holdings whose number of shares decreased consisted of no unlisted shareholdings and 3 holdings other than unlisted shares. The total sale proceeds were - and ¥663 million, respectively.」
The Company sold 3 holdings other than unlisted shares, recording total sale proceeds of ¥663 million. It continues its policy of reviewing the rationale for holding shares and reducing its holdings. - FY2024Concurrent startup investments and partial reduction of shareholdingsAnnual report
「During the current fiscal year, the holdings whose number of shares increased consisted of 3 unlisted shareholdings. The total acquisition cost related to the increase was ¥1,207 million, attributable to investments in startups and other companies involved in the logistics and plant engineering and construction businesses.」
While continuing its policy of reducing cross-shareholdings, the Company invested ¥1,207 million in 3 logistics- and plant engineering-related startups. It sold 1 unlisted shareholding for ¥6 million. - FY2023AdvancedAnnual report
「During the current fiscal year, the holdings whose number of shares decreased consisted of no unlisted shareholdings and 4 holdings other than unlisted shares. The total sale proceeds were - and ¥13 million, respectively.」
During the current period, the Company sold 4 holdings other than unlisted shares, recording total sale proceeds of ¥13 million. - FY2022AdvancedAnnual report
「During the current fiscal year, the holdings whose number of shares decreased consisted of 2 unlisted shareholdings and 2 holdings other than unlisted shares. The total sale proceeds were ¥110 million and ¥12 million, respectively.」
During the current period, the Company sold 2 unlisted cross-shareholdings for ¥110 million and 2 listed or other shareholdings for ¥12 million. - FY2021AdvancedAnnual report
「With respect to investment shares held by the Company for purposes other than pure investment, the Company conducts an individual annual review of their economic rationality and benefits, the risks associated with holding them as assets, their relationship to the cost of capital and other factors, and the Board of Directors verifies the appropriateness of continuing to hold them. For shares deemed no longer necessary to hold, the Company is reducing its holdings by proceeding with sales and other measures.」
The Company continues its policy of reviewing and reducing cross-shareholdings, and during the current period invested ¥1,207 million in 3 startup companies related to the logistics and plant engineering and construction businesses. - FY2020AdvancedAnnual report
「With respect to investment shares held by the Company for purposes other than pure investment, the Company conducts an individual annual review of their economic rationality and benefits, the risks associated with holding them as assets, their relationship to the cost of capital and other factors, and the Board of Directors verifies the appropriateness of continuing to hold them. For shares deemed no longer necessary to hold, the Company is reducing its holdings by proceeding with sales and other measures. During the current period, the Company sold 1 unlisted shareholding for ¥4 million.」
In addition to its policy of annual Board review and reduction of cross-shareholdings, the Company disclosed the sale during the current period of 1 unlisted shareholding for ¥4 million. - FY2019First statedAnnual report
「With respect to investment shares held by the Company for purposes other than pure investment, the Company conducts an individual annual review of their economic rationality and benefits, the risks associated with holding them as assets, their relationship to the cost of capital and other factors, and the Board of Directors verifies the appropriateness of continuing to hold them. For shares deemed no longer necessary to hold, the Company is reducing its holdings by proceeding with sales and other measures.」
The Company first explicitly stated its policy of conducting annual individual reviews of cross-shareholdings by the Board of Directors and selling or reducing holdings that lack a valid rationale for ownership.