Review of Continued Strategic Shareholdings Based on Economic Rationale and Cost of Capital
First written in FY2019. 4 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues for which the number of shares decreased during the fiscal year: unlisted shares, 1 issue, ¥220 million; shares other than unlisted shares, 2 issues, ¥34 million」
Under its policy of reviewing the rationale for continued holdings, the Company sold shares in 1 unlisted issue and 2 listed issues. - 2026-05-11AdvancedEarnings
「This was due to the sale of cross-shareholdings held for policy purposes.」
As a concrete step in reviewing cross-shareholdings held for policy purposes, the company sold part of its holdings during the fiscal year and recorded a gain on the sale of investment securities. - FY2024RestatedAnnual report
「Every year, the Company’s Board of Directors reviews and reassesses whether shares held for purposes other than pure investment should continue to be held, based on factors including their medium- to long-term economic rationale and cost of capital.」
The Company reconfirmed its policy of reviewing and reassessing cross-shareholdings each year based on economic rationale, cost of capital and other factors. During the year, it held shares in 3 unlisted issues and 10 issues other than unlisted shares, and made no sales. - FY2023-Q3AdvancedAnnual report
「This resulted from the sale of part of the cross-shareholdings, specifically shares in 1 unlisted issue.」
As a specific action under its policy of reviewing cross-shareholdings based on economic rationale, cost of capital and other factors, the Company sold shares in 1 unlisted issue and recorded a gain on sales of investment securities of ¥199 million. - FY2022RestatedAnnual report
「Every year, the Company’s Board of Directors reviews and reassesses whether shares held for purposes other than pure investment should continue to be held, based on factors including their medium- to long-term economic rationale and cost of capital.」
The Company reconfirmed its policy of reviewing and reassessing cross-shareholdings each year based on economic rationale, cost of capital and other factors. During the year, it held shares in 10 issues other than unlisted shares and made no sales. - FY2020AdvancedAnnual report
「Every year, the Company’s Board of Directors reviews and reassesses whether shares held for purposes other than pure investment should continue to be held, based on factors including their medium- to long-term economic rationale and cost of capital. During the current fiscal year, the number of shares held in 10 issues other than unlisted shares decreased, with sale proceeds of ¥89 million.」
In addition to its policy of reviewing cross-shareholdings based on economic rationale and cost of capital, the Company carried out a specific review during the year by selling shares in 10 listed issues. - FY2019First statedAnnual report
「Every year, the Company’s Board of Directors reviews and reassesses whether shares held for purposes other than pure investment should continue to be held, based on factors including their medium- to long-term economic rationale and cost of capital.」
The policy of reviewing and reassessing each year at Board of Directors meetings whether cross-shareholdings should continue to be held, based on their medium- to long-term economic rationale and cost of capital, was recorded as a topic for the first time.