Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) 1 unlisted shareholding and 4 shareholdings other than unlisted shares」
During the fiscal year, the company sold 1 unlisted holding and 4 listed holdings, reducing its strategic shareholdings. - FY2021Update to strategic shareholdings and review detailsAnnual report
「The policy is to reduce strategic shareholdings whose holding rationale is considered weak. For shares held, the Corporate Governance Team consolidates the rationale for holding them, including the need to maintain and strengthen business relationships and their necessity for business operations, and the Board of Directors reviews whether each holding is appropriate.」
The company holds strategic shareholdings in 13 unlisted companies valued at ¥126 million and 7 listed companies valued at ¥190 million, and verifies the appropriateness of the holdings at Board of Directors meetings. - FY2020First statedAnnual report
「We plan to reduce our cross-shareholdings that are considered to have little significance to the company. We are also reviewing the appropriateness of such holdings at meetings of the Board of Directors.」
Regarding cross-shareholdings, the company has for the first time presented in a consolidated manner its policy of reducing holdings with little significance after reviewing their contribution to improving corporate value over the medium to long term, together with the verification procedures conducted by the Board of Directors.