The sale of strategic shareholdings by listed companies reached ¥8.89 trillion in the fiscal year ending March 2026, the second-highest level on record, with the proceeds expected to be directed to growth investments and shareholder returns. Tokio Marine Holdings is reportedly planning to use the funds to finance acquisitions.
Nikkei's aggregation of securities reports from approximately 2,300 listed companies found that companies holding strategic shareholdings sold ¥8.89 trillion worth, the second-highest level on record. The figures were reported based on fiscal-year results.
Approximately 1,700 companies held strategic shareholdings, including holdings by subsidiaries. The sales are attributed to pressure from investors seeking improved capital efficiency and corporate governance reforms.