Although the resurgence of cross-shareholding has been a growing concern in recent years, previous surveys have not been able to detect the magnitude of this trend. Based on a careful analysis of the latest data, we clarify the size and structure of the resurgence. Our results indicate that while no discernable rise has occurred in the overall cross-shareholding ratio, a resurgence is underway in the form of expansion of cross-shareholding networks. In addition, the strengthening of cross-shareholding ties is most prevalent among business firms, not banks.