Testing the Rationale for and Reducing Cross-Shareholdings
First written in FY2019. 3 of 8 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Shares other than unlisted shares 2 21」
During the fiscal year, the company sold 2 listed-shareholdings and recorded total sale proceeds of ¥21 million. The policy of reviewing the significance of holdings and reducing them was reflected in actual sales during the fiscal year. - FY2025-H1AdvancedAnnual report
「The company recognized a ¥22 million gain on sale of investment securities and a ¥46 million loss on sale of investment securities as extraordinary income and extraordinary loss, respectively, following the sale of cross-shareholdings it owned.」
The company sold cross-shareholdings and recognized a ¥22 million gain on sale of investment securities and a ¥46 million loss on sale. The policy of reviewing the significance of holdings and reducing them was reflected in actual sales during the interim period under review. - FY2023RestatedAnnual report
「As a basic policy, the company will dispose of or reduce cross-shareholdings that it believes have diminished significance for continued ownership as promptly as possible. Each year, the Board of Directors verifies the rationale for retaining each individual cross-shareholding. If it determines that a holding does not contribute to the sustainable growth of the group and the enhancement of corporate value over the medium to long term, the company will engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The company has reconfirmed its policy of reviewing the significance of each cross-shareholding every fiscal year and considering the sale of holdings whose significance has diminished after engaging in dialogue. No reduced holdings were identified for the current fiscal year. - FY2022-Q3AchievedAnnual report
「Net income attributable to owners of the parent was ¥2,268 million, up 115.0% year on year, reflecting higher revenue and an improved profit margin, as well as the recognition of a ¥1,112 million gain on sale of investment securities and a ¥175 million impairment loss, mainly.」
For the investment securities previously scheduled for sale, the company recognized a ¥1,112 million gain on sale of investment securities in the nine-month cumulative period, indicating that the reduction through sales had materialized. - FY2022-Q2SoftenedAnnual report
「The company decided to sell part of its investment securities. ① Shares to be sold: 1 listed security held by the company ② Scheduled completion date of sale: 28 December 2021 (予定) ③ Gain on sale of investment securities: ¥500 million (estimated)」
Regarding the reduction of cross-shareholdings, the company stated that the scheduled completion date of the sale was 28 December 2021 and the estimated gain on sale was ¥500 million. Compared with the previously disclosed planned sale period and estimated gain of ¥737 million, both the scheduled timing and estimated amount have changed. - FY2022-Q1AdvancedAnnual report
「At a Board of Directors meeting held on 26 July 2021, the company resolved to sell part of its investment securities. ① Shares to be sold: 1 listed security held by the company ② Sale period: 28 July 2021 to 28 September 2021 (予定) ③ Gain on sale of investment securities: ¥737 million (estimated)」
In connection with the review of the rationale for and reduction of cross-shareholdings, the Board of Directors resolved to sell 1 listed security held by the company. The planned sale period and estimated gain on sale of ¥737 million were also disclosed, but the sale had not been completed as of the filing date. - FY2021RestatedAnnual report
「As a basic policy, the company will dispose of or reduce cross-shareholdings that it believes have diminished significance for continued ownership as promptly as possible. Each fiscal year, the Board of Directors verifies the rationale for retaining each individual cross-shareholding.」
The company has reconfirmed its policy of reviewing the significance of each cross-shareholding every fiscal year and considering the sale or reduction of holdings whose significance has diminished after engaging in dialogue. - FY2019First statedAnnual report
「As a basic policy, the company will dispose of or reduce cross-shareholdings that it believes have diminished significance for continued ownership as promptly as possible. Each year, the Board of Directors verifies the rationale for retaining each individual cross-shareholding. If it determines that a holding does not contribute to the sustainable growth of the group and the enhancement of corporate value over the medium to long term, the company will engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The company disclosed a policy under which the Board of Directors verifies the significance of each cross-shareholding every fiscal year and disposes of or reduces holdings whose significance has diminished after engaging in dialogue.