Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「(Holdings for which the number of shares decreased during the fiscal year) Number of holdings Shares other than unlisted shares 1 Total sale proceeds relating to the decrease in the number of shares (¥ million) 71」
The company continued its annual review of the rationale for holdings and its reduction policy, and sold 1 listed holding for ¥71 million during the fiscal year. No new holdings were acquired. - FY2025AdvancedAnnual report
「(Holdings for which the number of shares increased during the fiscal year) Unlisted shares 1 350 Held in a counterparty in the system and software development and information services sectors to expand our company's earnings」
With respect to cross-shareholdings, the policy of reviewing the rationale for holdings was continued, and 1 unlisted holding in a counterparty in the system and software development and information services sectors was acquired for an acquisition cost of ¥350 million. Meanwhile, 1 unlisted holding was sold. - FY2023AdvancedAnnual report
「Once a year, our company formulates a holding policy for each individual investment security held for purposes other than pure investment. Specifically, securities that satisfy the qualitative and quantitative criteria below are eligible to be held, while reductions are considered for those that do not satisfy the criteria. …Holdings for which the number of shares decreased during the fiscal year Unlisted shares 1 ¥805.480 million」
With respect to cross-shareholdings, the rationale for continuing to hold each security was reviewed based on its contribution to business expansion and development or employee benefits and whether the investee's ROE exceeded the cost of capital, and 1 unlisted holding was sold for ¥805.480 million. - FY2023-Q3AdvancedAnnual report
「Net income attributable to owners of the parent increased 38.1% to ¥7,864 million, mainly because a gain on sale of ¥2,150 million was recorded as extraordinary income from the sale of shares in Pro-Ship Corporation following the termination of the capital and business alliance with that company, as well as the sale of unlisted shares.」
In connection with the streamlining of cross-shareholdings and related holdings, shares in Pro-Ship and unlisted shares were sold, and a gain on sale of ¥2,150 million was recorded. The reduction and reshuffling of holdings are making concrete progress. - FY2021AdvancedAnnual report
「(Holdings for which the number of shares increased during the fiscal year) Unlisted shares 1 33,688 Held in a company with which we have a business relationship to work jointly on expanding future transactions and creating new solutions (Holdings for which the number of shares decreased during the fiscal year) Shares other than unlisted shares 1 16,831」
With respect to cross-shareholdings, 1 unlisted holding was acquired to expand transactions and create new solutions, and 1 listed holding was sold. The company continues to reshuffle holdings based on reviews of their rationale. - FY2020AdvancedAnnual report
「Holdings for which the number of shares increased during the fiscal year Shares other than unlisted shares 2 120,082 Held in companies that actively use advanced technologies and with which we have business relationships, to further strengthen collaboration with our group Holdings for which the number of shares decreased during the fiscal year Shares other than unlisted shares 1 72,986」
With respect to cross-shareholdings, 2 holdings in companies that actively use advanced technologies were acquired and 1 holding was sold. Holdings have been reshuffled under the policy of reviewing the rationale for each holding. - FY2020-Q1AdvancedAnnual report
「Net income attributable to owners of the parent decreased 6.8% year on year to ¥1,123 million, due in part to a loss on the sale of policy shareholdings and impairment charges resulting from declines in stock prices.」
The company stated that losses were incurred from the sale of cross-shareholdings, indicating that shares held had in fact been sold. No additional changes to the annual review criteria or the reduction policy itself were indicated. - FY2019First statedAnnual report
「Our company formulates a policy once a year at a Board of Directors meeting for reducing each individual cross-shareholding. Specifically, for holdings that do not satisfy the qualitative and quantitative criteria below, we first seek to improve the business relationship and, if this is unsuccessful, begin considering a reduction.」
The company stated for the first time its policy of reviewing once a year whether to continue holding or reduce cross-shareholdings, using qualitative criteria based on their contribution to business expansion and development and quantitative criteria based on investment returns, comparing deemed after-tax profit including expected impairment risk with the cost of capital.