Reviewing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: 2026-10-09.
- 2026-10-09RestatedGovernance
「政策保有株式については、2027年度末までに「2023年度末の残高に対して3分の1程度の売却を完了する」という目標を掲げています。2025年度も100億円の売却を実行したものの、株式市況の好調により時価評価額自体は大きく増加しています。」
政策保有株式の売却目標と2025年度の売却実績が再確認された。 - FY2026AdvancedAnnual report
「Sale of cross-shareholdings Approximately one-third of planned sales※ completed ※ Ratio to the balance at the end of fiscal 2023. At the time the medium-term management plan was formulated, the balance at the end of fiscal 2027 was expected to be less than 20% of equity.」
For cross-shareholdings, the Company set a target of selling approximately one-third of the balance at the end of fiscal 2023 by the end of fiscal 2027. In fiscal 2025, it proceeded with sales of approximately ¥10 billion for the year, and during the current fiscal year the number of shares decreased for 11 listed holdings. - 2026-03-31AdvancedManagement plan
「While streamlining core business assets and selling cross-shareholdings, we will increase assets with superior risk-return profiles.」
The Company stated that it plans to sell approximately ¥30 billion of cross-shareholdings and other assets in total during fiscal 2025–2027, including more than ¥10 billion in fiscal 2026, and proceed with asset rotation. - FY2022AdvancedAnnual report
「Number of holdings Unlisted shares 107 Shares other than unlisted shares 75 Holdings whose number of shares decreased during the fiscal year Unlisted shares 1 Shares other than unlisted shares 1」
The policy of reducing holdings without a rational basis continued for cross-shareholdings. During the fiscal year, the number of shares decreased for 1 unlisted holding and 1 listed holding. - FY2020AdvancedAnnual report
「When exercising voting rights, the Company carefully scrutinizes proposals from the perspectives of potential damage to shareholder value and ensuring effective governance. Where necessary, it confirms the substance through dialogue with the company concerned and responds appropriately.」
For cross-shareholdings, the Company specified annual reviews of the rationale for holdings and reductions, as well as reviews of shareholder value and governance and dialogue with companies when exercising voting rights. - FY2019First statedAnnual report
「The Company holds listed shares to maintain and strengthen long-term relationships with business partners and financial institutions and to contribute to the regional economy. Each year, the Board of Directors verifies the rationale for holding each individual stock, taking into account the relationship with the company concerned, profitability and other factors. Following this verification, the Company proceeds to reduce holdings it determines have no rational basis.」
The policy for cross-shareholdings specifies maintaining relationships with business partners and financial institutions and contributing to the regional economy as purposes, and annual Board of Directors reviews and reductions of holdings without a rational basis as the policy.