Reviewing the Rationale for Cross-Shareholdings and Selling as Appropriate
First written in FY2019. 8 of 10 entries say "Advanced", first in FY2021. Latest entry: 2026-07-21.
- 2026-07-21RaisedManagement Planning
「To further improve capital efficiency and promote management with an awareness of the cost of capital, we have decided to raise the target sale proceeds from the previous ¥5 billion to ¥7 billion.」
The target for selling cross-shareholdings by the fiscal year ending March 2028, the final year of the Fourth Medium-Term Management Plan, was raised from ¥5 billion to ¥7 billion. - FY2026AdvancedAnnual report
「Securities whose number of shares declined during the fiscal year Other than unlisted shares 2 2,492」
Based on its policy of reviewing the rationality of cross-shareholdings and selling them as appropriate, the company sold 2 issues for a total of ¥2,492 million. - FY2026-H1AdvancedAnnual report
「Net income attributable to owners of the parent was ¥2.247 billion, down 30.9% year on year, as the company recorded extraordinary income from the sale of cross-shareholdings and other transactions. Gain on sales of investment securities 557 545」
The company recorded extraordinary income from the sale of cross-shareholdings and other transactions and disclosed ¥545 million in gain on sales of investment securities. Its policy of reviewing the rationality of cross-shareholdings and selling them as appropriate continues to be implemented. - FY2025AdvancedAnnual report
「Securities whose number of shares declined during the fiscal year Other than unlisted shares 9 2,917」
Based on its policy of reviewing the rationality of cross-shareholdings and selling them as appropriate, the company sold 9 issues for total proceeds of ¥2.917 billion. - FY2024AdvancedAnnual report
「Securities whose number of shares declined during the fiscal year Other than unlisted shares 4 1,183」
Based on its policy of reviewing the rationality of cross-shareholdings and selling them as appropriate, the company sold 4 issues for a total of ¥1,183 million. - FY2022AdvancedAnnual report
「Issues for which the number of shares decreased during the fiscal year under review: Shares other than unlisted shares 3 454」
The company continued its policy of reviewing the rationality of cross-shareholdings and selling them as appropriate, and during the year sold 3 listed issues for a total of ¥454 million. - FY2021AdvancedAnnual report
「As a basic policy, the company intends to sell its investment shares held for purposes other than pure investment as appropriate, taking into account market conditions and share-price trends. However, after considering quantitative factors such as economic rationality and profitability based on return and risk, taking the cost of capital into account, as well as qualitative factors such as maintaining and strengthening smooth, sound business relationships with the issuing company and its group companies, the Board of Directors and other bodies review each investment share individually and retain shares where continued ownership is deemed rational.」
The company continued its policy of individually reviewing and selling cross-shareholdings as appropriate, and during the year sold 5 issues other than unlisted shares for a total of ¥1,664 million. - FY2019First statedAnnual report
「As a basic policy, the company intends to sell its investment shares held for purposes other than pure investment as appropriate, taking into account market conditions and share-price trends. However, after considering quantitative factors such as economic rationality and profitability based on return and risk, taking the cost of capital into account, as well as qualitative factors such as maintaining and strengthening smooth, sound business relationships with the issuing company and its group companies, the Board of Directors and other bodies review each investment share individually and retain shares where continued ownership is deemed rational.」
For cross-shareholdings, the company disclosed for the first time its policy of conducting individual reviews based on cost of capital, return and risk, economic rationality and business relationships, and selling shares as appropriate when continued ownership is not deemed rational.