Cross-shareholdings aimed at maintaining and strengthening business relationships
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
81 other companies' latest entry also says "Other".
- FY2026Purchases and additions to strategic shareholdingsAnnual report
「Shares other than unlisted shares 4 95,117 Regular purchases through an employee shareholding association of a business partner; share purchases」
The number of shares held in 4 strategic shareholdings increased, bringing the total acquisition cost to ¥95.117 million. The company also disclosed the purchase of 40,000 shares of 山陽電気鉄道 as a new acquisition. - FY2025RestatedAnnual report
「We do not hold shares for pure investment purposes. We hold only strategic shareholdings that also serve important strategic management purposes other than pure investment, such as maintaining and strengthening business relationships and contributing to the acquisition of construction orders, and that are considered to contribute to enhancing corporate value.」
The company continues to hold only strategic shareholdings intended to maintain and strengthen business relationships, acquire construction orders and enhance corporate value, rather than for pure investment purposes. - FY2023RestatedAnnual report
「We do not hold shares for pure investment purposes. We hold only strategic shareholdings that also serve important strategic management purposes other than pure investment, such as maintaining and strengthening business relationships and contributing to the acquisition of construction orders, and that are considered to contribute to enhancing corporate value.」
The company continues to hold only strategic shareholdings intended to maintain and strengthen business relationships, acquire construction orders and enhance corporate value, rather than for pure investment purposes. - FY2020RestatedAnnual report
「We do not hold shares for pure investment purposes. We hold only strategic shareholdings that also serve important strategic management purposes other than pure investment, such as maintaining and strengthening business relationships and contributing to the acquisition of construction orders, and that are considered to contribute to enhancing corporate value.」
The company continues to hold only strategic shareholdings intended to maintain and strengthen business relationships, acquire construction orders and enhance corporate value, rather than for pure investment purposes. - FY2019First statedAnnual report
「We do not hold shares for pure investment purposes. We hold only strategic shareholdings that also serve important strategic management purposes other than pure investment, such as maintaining and strengthening business relationships and contributing to the acquisition of construction orders, and that are considered to contribute to enhancing corporate value.」
The company explicitly stated for the first time that it would hold only strategic shareholdings intended to maintain and strengthen business relationships, acquire construction orders and enhance corporate value, rather than for pure investment purposes. It also stated that it would confirm the significance and medium- to long-term economic rationale of these holdings at the end of each fiscal year.