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Kawasaki Kisen (9107) · InitiativeReframed

Reviewing the Rationale for and Reducing Cross-Shareholdings

First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2026.

4entries
8years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2019AdvancedFY2020 – FY20212019: 120192020: 120202021: 120212022: 020222023: 020232024: 020242025: 020252026: 12026
Same theme, other companies
Review of the Rationale for Holding Strategic ShareholdingsA theme 1258 companies write about · 1 as a headwind · 666 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 1262 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026ReframedAnnual report

    「As a general principle, the Company does not hold shares for policy purposes. However, it exceptionally holds shares as strategic shareholdings when it determines that doing so is necessary to maintain and grow its business.」

    The Company defined its policy for reducing strategic shareholdings as generally holding none, with holdings permitted only as an exception when necessary to maintain and grow the business. It holds 3 listed shareholdings.
  2. FY2021AdvancedAnnual report

    「For holdings that fail to meet these criteria, the Board of Directors deliberates each year on whether they should be sold and determines which holdings to sell. At the end of the fiscal year, the number of listed shareholdings held for policy purposes was 3.」

    The Company continued to assess sales based on an annual review of economic rationale and capital cost criteria, reducing its listed shareholdings held for policy purposes from 4 in the previous fiscal year to 3.
  3. FY2020AdvancedAnnual report

    「For holdings that fail to meet these criteria, the Board of Directors deliberates each year on whether they should be sold and determines which holdings to sell. At the end of the fiscal year, the number of listed shareholdings held for policy purposes was 4, following the disposal of 6 holdings during the fiscal year.」

    Based on the annual review of economic rationale and the 10% ROE benchmark, the Company disposed of 6 listed shareholdings during the fiscal year, reducing its listed shareholdings held for policy purposes to 4.
  4. FY2019First statedAnnual report

    「At meetings of the Board of Directors, we review the appropriateness of holding each listed share held for policy purposes at least once a year from an independent and objective standpoint, specifically examining the purpose of the holding and its medium- to long-term economic rationale. In verifying economic rationale, we consider selling a holding if its yield, calculated as {dividends received + (ending market value − beginning market value)} ÷ beginning market value, is below 10%, using the 10% target ROE in the Company's medium-term management plan as the benchmark.」

    For the first time, the Company comprehensively disclosed its annual review of strategic shareholdings and its sale-review criterion of a 10% ROE benchmark, and disposed of 3 listed shareholdings during the fiscal year.
Moved together

"Medium-Term Management Plan “Value for our Next Century – Action for Future -”" moved the same way as this thread, in the same document, in 2 of its 4 moves.

222222★123456
  1. ★This thread
  2. 1Medium-Term Management Plan “Value for our Next Century – Action for Future -”2×
  3. 2Ensuring stability through a stronger financial position and competitiveness through business restructuring2×
  4. 3Improving earnings through service reductions in response to demand fluctuations, the use of IT, and lower operating costs2×
  5. 4Enhancement of Management Control and Strengthening of Function-Specific Strategies2×
  6. 5Launch of an LNG-fueled ferry and consideration of an LNG fuel supply business for vessels2×
  7. 6Strengthening Global Compliance, Including Competition Law and Anti-Bribery Measures2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Kawasaki Kisen's next results are scheduled for 2026-11-04. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Reviewing the Rationale for and Reducing Cross-Shareholdings | Kawasaki Kisen Kaisha,Ltd. (9107) | Komori