Tools · FilingsUpdated with annual filings
Japan Cross-Holdings Unwind
Annual changes in strategic shareholdings, disposals and carrying amounts.
Data through · Updated with annual filings
¥8.32tn
of cross-held shares sold in fiscal years ending 2026, as disclosed
1,043 companies sold. The largest seller was Tokio Marine Holdings at ¥742bn.
Sellers league
2057| Company | Sale proceeds | Issuers sold down | Balance-sheet value | % of consolidated net assets | Holdings (issuers) | Filing |
|---|---|---|---|---|---|---|
| Superbag3945 · スーパーバッグ | ¥304m | 7 | ¥1.12bn | 20.15% | 15 | Filed — filing S100YJ4G |
| Dowa Holdings5714 · ＤＯＷＡホールディングス | ¥304m | 2 | ¥40.8bn | 8.59% | 21 | Filed — filing S100YGIN |
| Tokyo Automatic Machinery Works6360 · 東京自働機械製作所 | ¥302m | 2 | ¥3.27bn | — | 18 | Filed — filing S100YHZL |
| Nohmi Bosai6744 · 能美防災 | ¥302m | 6 | ¥5.99bn | 4.31% | 29 | Filed — filing S100YHTN |
| Asia Pile Holdings5288 · アジアパイルホールディングスLargest holding subsidiary | ¥301m | 5 | ¥4.22bn | — | 17 | Filed — filing S100YJPY |
| Hokuto1379 · ホクト | ¥299m | 1 | ¥9.7bn | 14.94% | 16 | Filed — filing S100YKAZ |
| CALBEE2229 · カルビー | ¥295m | 2 | ¥860m | 0.39% | 12 | Filed — filing S100YEHI |
| Nichias5393 · ニチアス | ¥292m | 4 | ¥15.3bn | 6.38% | 14 | Filed — filing S100YG7B |
| Zenrin9474 · ゼンリン | ¥292m | 1 | ¥5.6bn | 11.44% | 17 | Filed — filing S100YD65 |
| Takashimaya8233 · 高島屋 | ¥292m | 1 | ¥22.7bn | 4.76% | 18 | Filed — filing S100Y4X5 |
| Nihon Plast7291 · 日本プラスト | ¥284m | 2 | ¥3.93bn | 10.49% | 9 | Filed — filing S100YHRY |
| H.U. Group Holdings4544 · Ｈ．Ｕ．グループホールディングスLargest holding subsidiary | ¥283m | 1 | — | — | — | Filed — filing S100YB46 |
| TOC8841 · テーオーシー | ¥281m | 2 | ¥16.6bn | 15.85% | 15 | Filed — filing S100YJ5N |
| KENKO Mayonnaise2915 · ケンコーマヨネーズ | ¥276m | 3 | ¥1.7bn | 4.09% | 16 | Filed — filing S100YDV4 |
| Sanyo Engineering & Construction1960 · サンテック | ¥274m | 5 | ¥1.9bn | 5.62% | 13 | Filed — filing S100YFBB |
| Yokowo6800 · ヨコオ | ¥272m | 1 | ¥3.14bn | 5.21% | 10 | Filed — filing S100YI9J |
| TAY TWO7610 · テイツー | ¥270m | 1 | ¥290m | 4.15% | 2 | Filed — filing S100Y7L3 |
| Chemipro Kasei Kaisha4960 · ケミプロ化成 | ¥270m | 1 | ¥208m | — | 4 | Filed — filing S100YIYR |
| Dai Nippon Toryo4611 · 大日本塗料 | ¥269m | 3 | ¥5.35bn | 6.97% | 17 | Filed — filing S100YHL6 |
| Lasertec6920 · レーザーテック | ¥267m | 1 | ¥1.54bn | 0.62% | 2 | Filed — filing S100Z32V |
| Suzuden7480 · スズデン | ¥267m | 14 | ¥310m | 1.85% | 15 | Filed — filing S100YG54 |
| Ishihara Chemical4462 · 石原ケミカル | ¥266m | 3 | ¥1.94bn | 7.84% | 12 | Filed — filing S100YHRO |
| JFE Holdings5411 · ＪＦＥホールディングスLargest holding subsidiary | ¥264m | 2 | ¥26.4bn | — | 14 | Filed — filing S100YCUD |
| Asahipen4623 · アサヒペン | ¥262m | 5 | ¥1.78bn | 11.86% | 29 | Filed — filing S100YLY9 |
| Nakamuraya2204 · 中村屋 | ¥262m | 3 | ¥8.52bn | — | 25 | Filed — filing S100YF3Z |
Issuers sold down
2057| Company | Sale proceeds | Issuers sold down | Balance-sheet value | % of consolidated net assets | Holdings (issuers) | Filing |
|---|---|---|---|---|---|---|
| Tokio Marine Holdings8766 · 東京海上ホールディングスLargest holding subsidiary | ¥742bn | 463 | ¥1.92tn | — | 563 | Filed — filing S100YLS8 |
| MS&AD Insurance Group Holdings8725 · ＭＳ＆ＡＤインシュアランスグループホールディングスLargest holding subsidiary | ¥464bn | 286 | ¥2.05tn | — | 249 | Filed — filing S100YNCJ |
| Sompo Holdings8630 · ＳＯＭＰＯホールディングスLargest holding subsidiary | ¥271bn | 284 | ¥1.25tn | — | 429 | Filed — filing S100YC6Z |
| Mitsubishi UFJ Financial Group8306 · 三菱ＵＦＪフィナンシャル・グループLargest holding subsidiary | ¥532bn | 282 | ¥3.77tn | — | 773 | Filed — filing S100YJQO |
| Sumitomo Mitsui Financial Group8316 · 三井住友フィナンシャルグループLargest holding subsidiary | ¥567bn | 267 | ¥3.46tn | — | 663 | Filed — filing S100YERK |
| Sumitomo Mitsui Trust Group8309 · 三井住友トラストグループLargest holding subsidiary | ¥233bn | 231 | ¥888bn | — | 410 | Filed — filing S100YBGM |
| Mizuho Financial Group8411 · みずほフィナンシャルグループLargest holding subsidiary | ¥378bn | 190 | ¥2.79tn | — | 614 | Filed — filing S100YF8Y |
| Resona Holdings8308 · りそなホールディングスLargest holding subsidiary | ¥81.1bn | 62 | ¥789bn | — | 219 | Filed — filing S100YDP3 |
| taisei1801 · 大成建設 | ¥28bn | 43 | ¥208bn | 21.02% | 61 | Filed — filing S100YDJC |
| Shimizu1803 · 清水建設 | ¥109bn | 39 | ¥236bn | 23.55% | 93 | Filed — filing S100YDXD |
Show 40 more rows (2057 total)
| Company | Sale proceeds | Issuers sold down | Balance-sheet value | % of consolidated net assets | Holdings (issuers) | Filing |
|---|---|---|---|---|---|---|
| Sumitomo Realty & Development8830 · 住友不動産 | ¥39.9bn | 33 | ¥516bn | 20.90% | 144 | Filed — filing S100YI5D |
| Oji Holdings3861 · 王子ホールディングス | ¥41.3bn | 29 | ¥70.2bn | 6.17% | 52 | Filed — filing S100YJ8J |
| Iyogin Holdings5830 · いよぎんホールディングスLargest holding subsidiary | ¥29.5bn | 26 | ¥328bn | — | 136 | Filed — filing S100YBIB |
| Nippon Paper Industries3863 · 日本製紙 | ¥5.2bn | 25 | ¥25.6bn | 4.74% | 30 | Filed — filing S100YJ5X |
| INFRONEER Holdings5076 · インフロニア・ホールディングスLargest holding subsidiary | ¥26bn | 25 | ¥69.4bn | — | 35 | Filed — filing S100YCIP |
| Takasago International4914 · 高砂香料工業 | ¥4.89bn | 24 | ¥19bn | 12.18% | 23 | Filed — filing S100YGT4 |
| Takara Holdings2531 · 宝ホールディングス | ¥7.51bn | 22 | ¥33.3bn | 10.71% | 29 | Filed — filing S100YINV |
| Toda1860 · 戸田建設 | ¥13.3bn | 22 | ¥180bn | 44.70% | 69 | Filed — filing S100YG3E |
| Kajima1812 · 鹿島建設 | ¥20.2bn | 21 | ¥298bn | 20.73% | 97 | Filed — filing S100YGGI |
| Obayashi1802 · 大林組 | ¥65.1bn | 20 | ¥276bn | 20.96% | 73 | Filed — filing S100YITC |
| The Chiba Bank8331 · 千葉銀行 | ¥12.6bn | 20 | ¥218bn | 17.31% | 78 | Filed — filing S100YDSE |
| Daiwa Securities Group8601 · 大和証券グループ本社 | ¥3.36bn | 20 | ¥160bn | 7.82% | 63 | Filed — filing S100YCMP |
| Mitsui & Co.8031 · 三井物産 | ¥37bn | 20 | ¥607bn | 6.73% | 64 | Filed — filing S100YAVT |
| Toray Industries3402 · 東レ | ¥29.9bn | 19 | ¥102bn | 5.28% | 34 | Filed — filing S100YFG9 |
| Yamaguchi Finacial Group8418 · 山口フィナンシャルグループLargest holding subsidiary | ¥5.38bn | 19 | ¥64.4bn | — | 47 | Filed — filing S100YE1V |
| Honda Motor7267 · 本田技研工業 | ¥36.6bn | 19 | ¥165bn | 1.36% | 21 | Filed — filing S100YDD9 |
| Ryoyo Ryosan Holdings167A · リョーサン菱洋ホールディングスLargest holding subsidiary | ¥3.21bn | 18 | ¥1.6bn | — | 8 | Filed — filing S100YHJV |
| suzuki motor7269 · スズキ | ¥18.9bn | 17 | ¥187bn | 4.51% | 31 | Filed — filing S100YYB1 |
| Mitsui Fudosan8801 · 三井不動産 | ¥55.8bn | 17 | ¥268bn | 7.91% | 30 | Filed — filing S100YHUO |
| Carlit4275 · カーリット | ¥4.95bn | 17 | ¥7.01bn | 17.62% | 8 | Filed — filing S100YIGR |
| Mizuho Leasing8425 · みずほリース | ¥4.85bn | 17 | ¥16.1bn | 3.54% | 31 | Filed — filing S100YESP |
| Aichi Financial Group7389 · あいちフィナンシャルグループLargest holding subsidiary | ¥13.9bn | 17 | ¥101bn | — | 92 | Filed — filing S100YE5H |
| Seika8061 · 西華産業 | ¥2.86bn | 17 | ¥9.02bn | 16.47% | 5 | Filed — filing S100Y935 |
| FUJIFILM Holdings4901 · 富士フイルムホールディングス | ¥31bn | 16 | ¥19.9bn | 0.52% | 22 | Filed — filing S100YIBH |
| Dai Nippon Printing7912 · 大日本印刷 | ¥56.7bn | 16 | ¥160bn | 12.62% | 64 | Filed — filing S100YF74 |
| Nippon Light Metal Holdings Company5703 · 日本軽金属ホールディングスLargest holding subsidiary | ¥2.52bn | 16 | ¥8.52bn | — | 10 | Filed — filing S100YFJY |
| Fukuoka Financial Group8354 · ふくおかフィナンシャルグループLargest holding subsidiary | ¥5.57bn | 16 | ¥164bn | — | 96 | Filed — filing S100YFNB |
| Tosoh4042 · 東ソー | ¥4.28bn | 15 | ¥51.6bn | 5.61% | 46 | Filed — filing S100YE5Q |
| Mitsui O.S.K. Lines9104 · 商船三井 | ¥35.5bn | 15 | ¥55.9bn | 1.91% | 20 | Filed — filing S100YI2T |
| Tachibana Eletech8159 · 立花エレテック | ¥1.67bn | 15 | ¥26.5bn | 25.29% | 27 | Filed — filing S100YG86 |
| Daihen6622 · ダイヘン | ¥3.77bn | 15 | ¥11.5bn | 6.76% | 41 | Filed — filing S100YEET |
| NEC6701 · 日本電気 | ¥14.7bn | 15 | ¥43.4bn | 1.90% | 18 | Filed — filing S100YBFV |
| Yokohama Financial Group7186 · 横浜フィナンシャルグループLargest holding subsidiary | ¥7.42bn | 15 | ¥245bn | — | 124 | Filed — filing S100YDG1 |
| Shizuoka Financial Group5831 · しずおかフィナンシャルグループLargest holding subsidiary | ¥21.4bn | 15 | ¥383bn | — | 90 | Filed — filing S100Y9RT |
| NOF4403 · 日油 | ¥10.6bn | 14 | ¥41.7bn | 14.07% | 21 | Filed — filing S100YO71 |
| Dainichiseika Color & Chemicals Mfg.4116 · 大日精化工業 | ¥2.93bn | 14 | ¥10.6bn | 7.49% | 35 | Filed — filing S100YGML |
| Tokyo Gas9531 · 東京瓦斯 | ¥8.86bn | 14 | ¥48.5bn | 2.70% | 19 | Filed — filing S100YH8W |
| Sanki Engineering1961 · 三機工業 | ¥5.19bn | 14 | ¥31.9bn | 26.26% | 21 | Filed — filing S100YH3A |
| Kandenko1942 · 関電工 | ¥9.82bn | 14 | ¥64.3bn | 15.85% | 39 | Filed — filing S100YDOZ |
| Jaccs8584 · ジャックス | ¥2.39bn | 14 | ¥36.4bn | 12.03% | 16 | Filed — filing S100YEIM |
2,007 more in the CSV download.
Largest remaining books
2057| Company | Sale proceeds | Issuers sold down | Balance-sheet value | % of consolidated net assets | Holdings (issuers) | Filing |
|---|---|---|---|---|---|---|
| Mitsubishi UFJ Financial Group8306 · 三菱ＵＦＪフィナンシャル・グループLargest holding subsidiary | ¥532bn | 282 | ¥3.77tn | — | 773 | Filed — filing S100YJQO |
| Sumitomo Mitsui Financial Group8316 · 三井住友フィナンシャルグループLargest holding subsidiary | ¥567bn | 267 | ¥3.46tn | — | 663 | Filed — filing S100YERK |
| Toyota Motor7203 · トヨタ自動車 | ¥239bn | 5 | ¥3.24tn | 7.89% | 34 | Filed — filing S100Y8NY |
| Mizuho Financial Group8411 · みずほフィナンシャルグループLargest holding subsidiary | ¥378bn | 190 | ¥2.79tn | — | 614 | Filed — filing S100YF8Y |
| MS&AD Insurance Group Holdings8725 · ＭＳ＆ＡＤインシュアランスグループホールディングスLargest holding subsidiary | ¥464bn | 286 | ¥2.05tn | — | 249 | Filed — filing S100YNCJ |
| Tokio Marine Holdings8766 · 東京海上ホールディングスLargest holding subsidiary | ¥742bn | 463 | ¥1.92tn | — | 563 | Filed — filing S100YLS8 |
| Kyocera6971 · 京セラ | ¥252bn | 3 | ¥1.58tn | 46.96% | 7 | Filed — filing S100YF47 |
| Sompo Holdings8630 · ＳＯＭＰＯホールディングスLargest holding subsidiary | ¥271bn | 284 | ¥1.25tn | — | 429 | Filed — filing S100YC6Z |
| NTT9432 | — | — | ¥1.03tn | 10.04% | 8 | Filed — filing S100YCP3 |
| Kyoto Financial Group5844 · 京都フィナンシャルグループLargest holding subsidiary | ¥157bn | 14 | ¥972bn | — | 98 | Filed — filing S100YEHZ |
Show 40 more rows (2057 total)
| Company | Sale proceeds | Issuers sold down | Balance-sheet value | % of consolidated net assets | Holdings (issuers) | Filing |
|---|---|---|---|---|---|---|
| Sumitomo Mitsui Trust Group8309 · 三井住友トラストグループLargest holding subsidiary | ¥233bn | 231 | ¥888bn | — | 410 | Filed — filing S100YBGM |
| Resona Holdings8308 · りそなホールディングスLargest holding subsidiary | ¥81.1bn | 62 | ¥789bn | — | 219 | Filed — filing S100YDP3 |
| TBS Holdings9401 · ＴＢＳホールディングス | ¥115m | 1 | ¥658bn | 57.96% | 17 | Filed — filing S100YI1U |
| Mitsui & Co.8031 · 三井物産 | ¥37bn | 20 | ¥607bn | 6.73% | 64 | Filed — filing S100YAVT |
| Mitsubishi Corp.8058 · 三菱商事 | ¥12.2bn | 10 | ¥519bn | 5.06% | 30 | Filed — filing S100YDK3 |
| Sumitomo Realty & Development8830 · 住友不動産 | ¥39.9bn | 33 | ¥516bn | 20.90% | 144 | Filed — filing S100YI5D |
| Sony Group6758 · ソニーグループLargest holding subsidiary | — | — | ¥397bn | — | 1 | Filed — filing S100YE2C |
| Shizuoka Financial Group5831 · しずおかフィナンシャルグループLargest holding subsidiary | ¥21.4bn | 15 | ¥383bn | — | 90 | Filed — filing S100Y9RT |
| Mitsubishi Estate8802 · 三菱地所 | ¥102bn | 8 | ¥365bn | 12.68% | 53 | Filed — filing S100YBLA |
| Iyogin Holdings5830 · いよぎんホールディングスLargest holding subsidiary | ¥29.5bn | 26 | ¥328bn | — | 136 | Filed — filing S100YBIB |
| The Hyakugo Bank8368 · 百五銀行 | ¥18.2bn | 12 | ¥314bn | 60.71% | 103 | Filed — filing S100YBNQ |
| Kajima1812 · 鹿島建設 | ¥20.2bn | 21 | ¥298bn | 20.73% | 97 | Filed — filing S100YGGI |
| Nippon Steel5401 · 日本製鉄 | ¥16.9bn | 11 | ¥289bn | 4.80% | 68 | Filed — filing S100YF8E |
| Okaya&Co.7485 · 岡谷鋼機株式会社 | ¥177m | 1 | ¥289bn | 55.78% | 169 | Filed — filing S100Y5YH |
| Sumitomo Metal Mining5713 · 住友金属鉱山 | ¥6.93bn | 7 | ¥286bn | 12.47% | 30 | Filed — filing S100YJ6N |
| Obayashi1802 · 大林組 | ¥65.1bn | 20 | ¥276bn | 20.96% | 73 | Filed — filing S100YITC |
| East Japan Railway Company9020 · 東日本旅客鉄道 | ¥46.3bn | 8 | ¥274bn | 8.96% | 41 | Filed — filing S100YC7N |
| Mitsui Fudosan8801 · 三井不動産 | ¥55.8bn | 17 | ¥268bn | 7.91% | 30 | Filed — filing S100YHUO |
| Central Japan Railway Company9022 · 東海旅客鉄道 | ¥206m | 2 | ¥267bn | 5.21% | 47 | Filed — filing S100YD7H |
| Nippon Television Holdings9404 · 日本テレビホールディングスLargest holding subsidiary | ¥8.68bn | 1 | ¥257bn | — | 18 | Filed — filing S100Y9BG |
| Hitachi6501 · 日立製作所 | ¥5.33bn | 6 | ¥250bn | 3.70% | 31 | Filed — filing S100YGBO |
| Yokohama Financial Group7186 · 横浜フィナンシャルグループLargest holding subsidiary | ¥7.42bn | 15 | ¥245bn | — | 124 | Filed — filing S100YDG1 |
| The Kansai Electric Power Company, Incorporated9503 · 関西電力 | ¥8.41bn | 4 | ¥241bn | 6.88% | 39 | Filed — filing S100YFXZ |
| Shimizu1803 · 清水建設 | ¥109bn | 39 | ¥236bn | 23.55% | 93 | Filed — filing S100YDXD |
| Tokyo Electron8035 · 東京エレクトロン | ¥117bn | 2 | ¥220bn | 10.64% | 3 | Filed — filing S100YEOO |
| The Shiga Bank8366 · 滋賀銀行 | ¥8.15bn | 12 | ¥220bn | 43.24% | 75 | Filed — filing S100YBKA |
| The Chiba Bank8331 · 千葉銀行 | ¥12.6bn | 20 | ¥218bn | 17.31% | 78 | Filed — filing S100YDSE |
| taisei1801 · 大成建設 | ¥28bn | 43 | ¥208bn | 21.02% | 61 | Filed — filing S100YDJC |
| The Sumitomo Warehouse9303 · 住友倉庫 | ¥6bn | 2 | ¥201bn | 61.94% | 37 | Filed — filing S100YHFI |
| Hachijuni Nagano Bank8359 · 八十二長野銀行 | ¥4.81bn | 11 | ¥198bn | 17.11% | 71 | Filed — filing S100YAUN |
| MegaChips6875 · メガチップス | ¥16.1bn | 1 | ¥189bn | 101.71% | 1 | Filed — filing S100YDEK |
| suzuki motor7269 · スズキ | ¥18.9bn | 17 | ¥187bn | 4.51% | 31 | Filed — filing S100YYB1 |
| KDDI9433 | ¥4.77bn | 5 | ¥186bn | 3.32% | 11 | Filed — filing S100YKG2 |
| Toda1860 · 戸田建設 | ¥13.3bn | 22 | ¥180bn | 44.70% | 69 | Filed — filing S100YG3E |
| Sumitomo Corp.8053 · 住友商事 | ¥42bn | 11 | ¥179bn | 3.78% | 39 | Filed — filing S100YARD |
| Daikin Industries6367 · ダイキン工業 | ¥4.94bn | 13 | ¥173bn | 5.21% | 62 | Filed — filing S100YFQL |
| Fuji Media Holdings4676 · フジ・メディア・ホールディングス | ¥48.6bn | 4 | ¥171bn | 30.54% | 39 | Filed — filing S100YHYX |
| Mitsubishi Heavy Industries7011 · 三菱重工業 | ¥89bn | 2 | ¥170bn | 5.27% | 30 | Filed — filing S100YHZG |
| ITOCHU8001 · 伊藤忠商事 | ¥20.9bn | 9 | ¥166bn | 2.31% | 65 | Filed — filing S100YA6H |
| Honda Motor7267 · 本田技研工業 | ¥36.6bn | 19 | ¥165bn | 1.36% | 21 | Filed — filing S100YDD9 |
2,007 more in the CSV download.
Balance-sheet value is the reporting company's own listed holdings (its largest holding subsidiary's where marked), carried at market value; the percentage divides it by consolidated net assets in the same annual report.
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