Reviewing the Rationale for Strategic Shareholdings and Timely Sales
First written in FY2019. 6 of 11 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 3 568,659」
During the fiscal year, the company sold 3 issues of cross-shareholdings and recorded sale proceeds of ¥568.659 million. - 2026-05-13AdvancedManagement Planning
「In fiscal 2025, we continued discussions on reducing cross-held listed shares, selected 3 holdings eligible for reduction, and sold part of them. By the end of the fiscal year, we had sold approximately ¥568 million of such shares, compared with holdings of ¥11,150 million at the end of the previous fiscal year.」
The company disclosed the partial sale of cross-held listed shares, reaffirmed its policy of continuing to reduce them, and presented a ¥1.5 billion sale plan covering securities, real estate and other assets. - FY2025AdvancedAnnual report
「Issues with a decrease in the number of shares during the fiscal year Shares other than unlisted shares 3 286,046」
The company sold 3 issues other than unlisted shares and recorded sale proceeds of ¥286.046 million, disclosing the results of implementing its policy of reviewing the rationale for holdings and selling shares. - FY2025-H1RestatedAnnual report
「Ordinary profit was ¥1,339.605 million, up 11.9% year on year, partly because dividend income declined due to the reduction of cross-shareholdings.」
The reduction of cross-shareholdings was cited as a factor behind the decline in dividend income, indicating the continued implementation of the policy and results of reducing holdings. - FY2024AdvancedAnnual report
「Shares other than unlisted shares 5 556,271」
During the fiscal year, the company sold 5 issues other than unlisted shares and recorded sale proceeds of ¥556.271 million. - FY2024-Q2RestatedAnnual report
「Ordinary profit was ¥1,197.158 million, down 14.9% year on year, partly because dividend income declined due to the reduction of cross-shareholdings.」
The reduction of cross-shareholdings was cited as a factor behind the decline in dividend income, linking the policy and results of reducing holdings to operating performance. - FY2023AdvancedAnnual report
「Shares other than unlisted shares 6 863,369」
Following a review of the rationale for cross-shareholdings, the company sold 6 issues other than unlisted shares and recorded sale proceeds of ¥863.369 million. The scale of sales increased from 3 issues and ¥156.049 million in the previous fiscal year. - FY2022AdvancedAnnual report
「Issues with a decrease in the number of shares Shares other than unlisted shares 3 156,049」
Following a review of the rationale for cross-shareholdings, the company sold 3 issues and recorded sale proceeds of ¥156.049 million. - FY2021RestatedAnnual report
「For all cross-shareholdings, we will conduct a review based on qualitative assessments of their policy objectives and quantitative assessments using the cost of capital, among other factors, and make individual judgments on whether continued ownership is appropriate.」
The company reiterated its policy of reviewing whether to continue holding cross-shareholdings through qualitative and quantitative assessments by the Corporate Governance Committee and the Board of Directors. - FY2020RestatedAnnual report
「For all cross-shareholdings, we will conduct a review based on qualitative assessments of their policy objectives and quantitative assessments using the cost of capital, among other factors, and make individual judgments on whether continued ownership is appropriate.」
The company reiterated its policy of reviewing the rationale for cross-shareholdings through qualitative and quantitative assessments based on policy objectives, the cost of capital and other factors. - FY2019First statedAnnual report
「For all cross-shareholdings, we will conduct a review based on qualitative assessments of their policy objectives and quantitative assessments using the cost of capital, among other factors, and make individual judgments on whether continued ownership is appropriate. If we determine that ownership has little rationale, we will sell the shares at an appropriate time, taking into account market conditions and other circumstances.」
The company newly stated its policy of reviewing the rationale for cross-shareholdings through qualitative and quantitative assessments based on policy objectives, the cost of capital and other factors, and selling holdings at an appropriate time if their rationale is weak.