Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2020. 4 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company holds shares of business partners as cross-shareholdings when it determines that maintaining and strengthening business relationships will contribute to enhancing corporate value. The Board of Directors reviews these strategic holdings from both qualitative perspectives, such as the importance of the business relationship, and quantitative perspectives, such as the cost of capital and related revenue. The company will reduce holdings that fall below specified criteria.」
The company reconfirms its qualitative and quantitative evaluation of cross-shareholdings and its policy of reducing holdings that fall below the criteria. In the review based on 31 March 2026, it confirmed that all currently held shares were consistent with its holding policy. - FY2024AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares − Shares other than unlisted shares 1 4,065」
The company disclosed the sale of 1 listed holding or other such holding during the fiscal year, for proceeds of ¥4.065 million. - FY2024-Q2AdvancedAnnual report
「Proceeds from the sale of investment securities 165,313 14,065」
The company disclosed proceeds of ¥14.065 million from the sale of investment securities during the cumulative second quarter, in connection with the review and reduction of cross-shareholdings. - FY2023AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares − Shares other than unlisted shares 1」
The company sold 1 listed holding or other such holding during the fiscal year, with proceeds of ¥165.313 million. - FY2022AdvancedAnnual report
「(Holdings whose number of shares decreased during the fiscal year) Unlisted shares 2 Shares other than unlisted shares 5」
The company disclosed that the number of holdings decreased during the fiscal year by 2 unlisted holdings and 5 holdings other than unlisted shares. - FY2020First statedAnnual report
「The company holds shares of business partners as cross-shareholdings when it determines that maintaining and strengthening business relationships will contribute to enhancing corporate value. The Board of Directors reviews these strategic holdings from both qualitative perspectives, such as the importance of the business relationship, and quantitative perspectives, such as the cost of capital and related revenue. The company will reduce holdings that fall below specified criteria.」
The company states that the Board of Directors reviews cross-shareholdings from both qualitative and quantitative perspectives and that it will reduce holdings that fall below the criteria. It sold 4 holdings during the fiscal year.