Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025RestatedAnnual report
「(Holdings whose number of shares increased during the fiscal year) None applicable. (Holdings whose number of shares decreased during the fiscal year) None applicable.」
Although the company continues to review the rationale for its cross-shareholdings and maintain its policy of reducing them, there were no changes in the number of shares held during the fiscal year. - FY2024No reduction during the yearAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
Although the company continues to review the rationale for its cross-shareholdings and maintain its policy of reducing them, there were no holdings whose number of shares decreased during the fiscal year. - FY2023-Q2AdvancedAnnual report
「The company recorded a gain on the sale of investment securities after selling all of its shares in 株式会社ハイ・アベイラビリティ・システムズ to the company for ¥2,295.2 million.」
The company sold all of its shares in 株式会社ハイ・アベイラビリティ・システムズ and reported this as an actual reduction in its investment securities holdings. - FY2022AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares － － Shares other than unlisted shares 1 796,220」
The company sold 1 listed holding during the year and recorded total proceeds of ¥796.220 million. - FY2021AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares － － Shares other than unlisted shares 2 10,346」
The company sold 2 listed holdings during the year and recorded total proceeds of ¥10.346 million. - FY2020First statedAnnual report
「The company’s policy is to hold cross-shareholdings when it determines that doing so, for purposes such as strengthening business relationships with investee companies, will contribute to improving corporate value over the medium to long term. Each year, the Board of Directors verifies whether the purpose of holding each cross-shareholding remains appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. The company will work to reduce its cross-shareholdings, including by selling shares that it determines are no longer necessary to hold.」
The company stated for the first time that it would review each year whether its cross-shareholdings remain justified in terms of business relationships, corporate value and the cost of capital, and would sell holdings that are no longer necessary.