Rationale Assessment and Reduction of Strategic Shareholdings
First written in FY2019. 4 of 12 entries say "Raised", first in 2026-05-14. Latest entry: 2026-08-07.
- 2026-08-07RestatedEarnings presentation materials
「最終年度の203０年度末段階において、政策保有株を連結純資産の15％以下とする」
政策保有株式を2030年度末に連結純資産の15％以下とする定量目標と、売却資金を投資・負債削減・株主還元に充当する方針を再掲している。 - FY2026RaisedAnnual report
「The Company will reduce cross-held shares to no more than 15% of consolidated net assets by the end of fiscal 2030, and will allocate the sale proceeds to growth investments, shareholder returns and other purposes.」
In addition to its existing policy of verifying economic rationale and gradually reducing holdings, the Company specified a quantitative target of reducing cross-held shares to no more than 15% of consolidated net assets by the end of fiscal 2030 and disclosed the uses of sale proceeds. During the fiscal year, it reported the sale of shares including 1 unlisted and 7 listed shareholdings. - FY2025AdvancedAnnual report
「Each year, the Board of Directors carefully reviews and verifies whether each cross-held share should be retained by comparing the actual value of business transactions and dividend income from each investee with the expected economic benefit calculated using the Company's assumed cost of capital.」
The Company specified that its review method for cross-held shares includes comparing business transactions and dividend income with the expected economic benefit calculated using the assumed cost of capital. During the fiscal year, it sold 1 unlisted and 4 listed shareholdings, for total proceeds of ¥362 million. - FY2024Sale of Strategic ShareholdingsAnnual report
「Shares whose number decreased during the fiscal year: shares other than unlisted shares 5 233 / All shares were sold during the fiscal year.」
Regarding cross-held shares, the Company sold 5 listed shareholdings during the fiscal year, for total proceeds of ¥233 million. The disclosure describes results consistent with its policy of annually verifying economic rationale and gradually reducing holdings without such rationale. - FY2021RestatedAnnual report
「The Company's basic policy is to gradually reduce holdings of shares whose economic rationale it has determined cannot be recognized. Each year, the Board of Directors carefully reviews and verifies whether each cross-held share should be retained, based on the actual value of business transactions and dividend income, among other factors.」
The Company continues its policy of verifying the economic rationale of cross-held shares annually at Board of Directors meetings and gradually reducing holdings for which no rationale can be recognized. - FY2020RestatedAnnual report
「The Company's basic policy is to gradually reduce holdings of shares whose economic rationale it has determined cannot be recognized. Each year, the Board of Directors carefully reviews and verifies whether each cross-held share should be retained, based on the actual value of business transactions and dividend income, among other factors.」
For cross-held shares, the Company continues its policy of verifying their economic rationale annually at Board of Directors meetings and gradually reducing holdings for which no rationale can be recognized. - FY2019First statedAnnual report
「The Company's basic policy is to gradually reduce holdings of shares whose economic rationale it has determined cannot be recognized. Each year, the Board of Directors carefully reviews and verifies whether each cross-held share should be retained, based on the actual value of business transactions and dividend income, among other factors.」
For cross-held shares, the Company has for the first time expressly disclosed as a standalone item its policy of verifying their economic rationale annually at Board of Directors meetings and gradually reducing holdings for which no rationale can be recognized.