Holding Azbil Shares to Maintain and Strengthen Business Relationships
First written in FY2017. 3 of 5 entries say "Advanced", first in FY2022. Latest entry: 2026-07-24.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
67 other companies' latest entry also says "Advanced".
- 2026-07-24AdvancedGovernance
「By fiscal 2030 (the fiscal year ending March 2031), we plan to reduce the ratio of cross-shareholdings to consolidated net assets to below 10%.」
Specified a target of reducing cross-shareholdings to below 10% of consolidated net assets by fiscal 2030, in addition to annually reviewing whether holdings remain appropriate. Also indicated that funds released through reductions would be used for business-growth investment and shareholder returns. - FY2026AdvancedAnnual report
「フロイント産業㈱ had been held to maintain and strengthen business relationships in the industrial systems-related business, but all of the shares held were sold during the fiscal year.」
The policy of annually verifying the appropriateness of cross-shareholdings at meetings of the Board of Directors continued, and all shares of フロイント産業 were sold during the fiscal year. - FY2022AdvancedAnnual report
「Each year, the Board of Directors verifies and evaluates whether continued ownership is appropriate for all shares held as cross-shareholdings, comprehensively considering transaction history, market value and other factors, as well as qualitative aspects of business strategy, such as maintaining smooth and favorable relationships with investee companies and expanding transactions, and whether the benefits and risks associated with ownership are commensurate with the cost of capital.」
The annual Board of Directors review of cross-shareholdings continued, and 2 listed shares other than unlisted shares were sold during the year. The holdings comprise 1 unlisted share and 19 listed or other shares. - FY2021ReframedAnnual report
「The Company may acquire shares and other equity securities to create business opportunities and maintain and strengthen business relationships, but its policy is to sell them when it determines that continued ownership is not reasonably justified. Each year, the Board of Directors verifies and evaluates whether continued ownership is appropriate for all shares held as cross-shareholdings, comprehensively considering transaction history, market value and other factors, as well as qualitative aspects of business strategy, such as maintaining smooth and favorable relationships with investee companies and expanding transactions, and whether the benefits and risks associated with ownership are commensurate with the cost of capital.」
The scope of disclosure was expanded from the purpose of holding individual shares of アズビル to a policy of verifying the rationale for all cross-shareholdings annually at meetings of the Board of Directors. - FY2017First statedAnnual report
「Azbil Corporation: 83,000 shares; carrying amount on the balance sheet: ¥310.420 million; purpose of holding: maintaining and strengthening the business relationship.」
Discloses the holding of 83,000 Azbil Corporation shares to maintain and strengthen the business relationship.