Strategic Shareholdings Held to Maintain and Develop Business Relationships
First written in FY2017. 3 of 11 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
79 other companies' latest entry also says "Other".
- FY2026Execution of reductions in cross-held shares and clarification of target deadlinesAnnual report
「From the perspective of improving capital efficiency, the company is working to reduce its cross-held shares, targeting less than 20% of net assets by the end of fiscal 2028 and aiming to sell approximately ¥10 billion worth by the end of fiscal 2028. In fiscal 2025, it sold 5 listed and 1 unlisted cross-held shares.」
The company executed a reduction in cross-held shares, selling 5 listed and 1 unlisted issues during the fiscal year. The number of issues stood at 53 and the carrying amount at ¥24,931 million. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 November 2025, the company resolved to sell part of its investment securities. 1. Reason for the sale of investment securities: to reduce cross-held shares and improve capital efficiency. 2. Details of the sale of investment securities: (1) Investment securities scheduled for sale: 3 listed securities held by the company; (2) Scheduled sale period: from 14 November 2025 to 31 March 2026; (3) Gain on sale of investment securities: approximately ¥1,300 million (forecast).」
Regarding the reduction of cross-held shares, the company disclosed a resolution to sell 3 listed securities between 14 November 2025 and 31 March 2026 and expects a gain on sale of approximately ¥1,300 million. - FY2024Quantifying the reduction target for cross-held sharesAnnual report
「From the perspective of improving capital efficiency, the company is working to reduce its cross-held shares and aims to reduce them to 20% or less of net assets by the end of fiscal 2026 and sell ¥10 billion worth by the end of fiscal 2028.」
The company has expanded its previous review and sale policy into targets with specific amounts and deadlines: reducing cross-held shares to 20% or less of net assets by the end of fiscal 2026 and selling ¥10 billion worth by the end of fiscal 2028. - FY2023Significant reduction in the number and carrying amount of cross-held shares and execution of salesAnnual report
「In fiscal 2022, the Board of Directors reported and deliberated on the matter at its meeting on 16 November 2022, decided to sell certain issues and executed the sales.」
The company’s cross-held shares comprised 62 issues, consisting of 37 unlisted and 25 listed issues, with a carrying amount of ¥18,876 million. Both the number of issues and carrying amount decreased from 65 issues and ¥31,719 million in the previous fiscal year, and 6 issues were sold for ¥1,718 million. - FY2020Reduction in the number and carrying amount of holdings and execution of the sale policyAnnual report
「For shares whose significance the company determines has diminished through its review, the Board of Directors considers their sale. In fiscal 2019, the Board reported and deliberated on the matter at its meeting on 17 December 2019 and decided to sell certain issues, and at its meeting on 15 January 2020 decided to acquire additional shares in certain issues.」
The company’s cross-held shares decreased from 67 to 65 issues, and their carrying amount decreased from ¥39,846 million to ¥31,719 million. The company describes the sale and additional acquisition of certain issues and the annual review by the Board of Directors. - FY2019Fewer holdings, higher carrying amount, and an explicit review policyAnnual report
「The company’s policy is to hold investment securities whose purpose is other than pure investment when it determines that the shares contribute to building stable business relationships or enhancing its corporate value over the medium to long term.」
The company’s cross-held shares comprised 67 issues, consisting of 37 unlisted and 30 listed issues, with a carrying amount of ¥39,846 million. The number of issues decreased from 69 and the carrying amount increased from ¥36,349 million in the previous fiscal year. The company also states that the Board of Directors reviews the appropriateness of the holdings annually and considers selling shares whose significance has diminished. - FY2018RestatedAnnual report
「69 issues ¥36,349 million」
The company holds 69 cross-held shares for purposes other than pure investment, with a carrying amount of ¥36,349 million, for the purpose of maintaining and developing business relationships or enhancing and strengthening its business foundation. - FY2017First statedAnnual report
「69 issues ¥34,410 million」
The company holds 69 investment securities for purposes other than pure investment, with a carrying amount on the balance sheet of ¥34,410 million. The principal purposes of holding them are to maintain and develop business relationships and enhance and strengthen the business foundation.