Cross-Shareholdings for Business Relationships and Collaboration
First written in FY2018. 4 of 5 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
67 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the fiscal year under review, at a meeting of the Board of Directors held on 27 March 2026, the company reviewed the shares held as of the end of December 2025 and resolved to reduce or sell holdings it determined no longer had sufficient significance or validity to retain.」
The Board of Directors reviewed the holdings as of the end of December 2025 and resolved on a policy of reducing or selling holdings that had lost their validity. - FY2023AdvancedAnnual report
「Each year, the Board of Directors reviews shares held as cross-shareholdings on an individual-issue basis, considering the significance of holding them from the perspective of strengthening business relationships and whether the returns and risks associated with each holding are commensurate with the cost of capital. Based on the results of the review, holdings determined to no longer have sufficient significance or validity are reduced within a specified period, taking market conditions into account.」
The company explicitly sets out an annual review method for cross-shareholdings, comparing the significance, returns and risks of holdings with the cost of capital, as well as a policy of reducing holdings that are no longer valid within a specified period. - FY2021AdvancedAnnual report
「During the fiscal year under review, at a meeting of the Board of Directors held on 25 March 2021, the company reviewed the shares held as of the end of December 2020 and resolved to reduce or sell holdings it determined no longer had sufficient significance or validity to retain.」
The Board of Directors reviewed the holdings as of the end of December 2020 and resolved on a policy of reducing or selling holdings whose significance or validity had been lost. - FY2019AdvancedAnnual report
「During the fiscal year under review, at a meeting of the Board of Directors held on 28 March 2019, the company reviewed the shares held as of 1 October 2018 and resolved to reduce or sell holdings in issues it determined no longer had sufficient significance or validity to retain.」
The Board of Directors conducted an individual review of cross-shareholdings and resolved to reduce or sell holdings that were no longer considered valid. - FY2018First statedAnnual report
「From a medium- to long-term perspective, the company and the Comsys Group hold shares where they determine that doing so will strengthen and maintain trust with customers and business partners, expand transactions and generate business benefits through collaboration, thereby enhancing corporate value.」
The company has, for the first time, explicitly identified relationships of trust with customers and business partners, transaction growth and the benefits of collaboration as the purposes of its cross-shareholdings.