Review and Reduction of Strategic Shareholdings Based on Cost-of-Capital Criteria
First written in FY2020. 6 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Stocks whose number of shares decreased during the fiscal year Unlisted shares: 13 issues, 3,900 Shares other than unlisted shares: 5 issues, 4,774」
We continued to review cross-shareholdings based on cost-of-capital criteria, and during the fiscal year reduced the number of shares held in 13 unlisted issues and 5 listed or other issues. - FY2025AdvancedAnnual report
「Stocks whose number of shares decreased during the fiscal year Unlisted shares: 13 issues, 2,559 Shares other than unlisted shares: 4 issues, 3,922」
We continued to review cross-shareholdings based on cost-of-capital criteria, and during the fiscal year reduced the number of shares held in 13 unlisted issues and 4 listed or other issues. Meanwhile, we continue to hold shares in IIJ and others for business collaboration purposes. - FY2024AdvancedAnnual report
「Internet Initiative Japan Inc. (Note 2) 20,387,000 1,680,000 Expansion of the core businesses in DX, including mobile and fixed-line telephony, and the NEXT core businesses, including cloud and IoT services Increase due to additional acquisitions」
While continuing to review cross-shareholdings based on cost-of-capital criteria, we acquired additional shares of IIJ, giving concrete form to a holding intended to expand the core businesses and NEXT core businesses. - FY2023AdvancedAnnual report
「Stocks whose number of shares decreased during the fiscal year Unlisted shares: 4 issues, 969 Shares other than unlisted shares: 2 issues, 897」
We continued to review cross-shareholdings based on cost-of-capital criteria, and during the fiscal year reduced the number of shares held in 4 unlisted issues and 2 listed or other issues. - FY2022AdvancedAnnual report
「Stocks whose number of shares decreased during the fiscal year Unlisted shares: 9 issues, 1,022 Shares other than unlisted shares: 4 issues, 2,511」
We continued to have the Board of Directors review the significance and economic rationale of cross-shareholdings, and during the fiscal year reduced the number of shares held in 9 unlisted issues and 4 listed or other issues. - FY2021AdvancedAnnual report
「Stocks whose number of shares decreased during the fiscal year Unlisted shares: 5 issues, 824 Shares other than unlisted shares: 4 issues, 3,767」
We continued to have the Board of Directors review the significance and economic rationale of cross-shareholdings, and during the fiscal year reduced the number of shares held in 5 unlisted issues and 4 listed or other issues. - FY2020First statedAnnual report
「Under our basic policy of disposing of or reducing cross-shareholdings considered to have limited significance as promptly as possible, the Board of Directors annually reviews each cross-shareholding, comprehensively assessing the significance of holding it and its economic rationale, and reassesses whether the holding remains justified and the number of shares held.」
We explicitly stated that cross-shareholdings would be reviewed annually by the Board of Directors, with decisions on continuing to hold them based on economic rationale and cost-of-capital criteria, and that shares with limited significance would be reduced.