Holding shares to maintain friendly relationships with business partners and strengthen business relationships
First written in FY2016. 3 of 9 entries say "Advanced", first in FY2019. 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".
- FY2026In addition to continuing to review strategic shareholdings, increased holdings in 2 issues and sold 1 issueAnnual report
「The Company’s policy is to reduce listed shares when the benefits of dividends from the investees and gross profit from construction work fall below the “cost of shareholders’ equity” at the end of the fiscal year. At the regular board meeting at the beginning of the following fiscal year, it reviews whether each individual holding should be retained.」
The Company continues its criteria for reducing strategic shareholdings and its policy of annual review by the board. Listed shares total 12 issues valued at ¥7,057 million, with the number of shares increasing for 2 issues and all shares in 1 issue sold. - FY2025Continued reducing strategic shareholdings while also making some acquisitionsAnnual report
「The Company’s policy is to reduce listed shares when the benefits of dividends from the investees and gross profit from construction work fall below the “cost of shareholders’ equity” at the end of the fiscal year. At the regular board meeting at the beginning of the following fiscal year, it reviews whether each individual holding should be retained.」
The Company holds 13 strategic shareholdings with a total value of ¥5,523 million. While it sold 2 holdings, the number of shares held in 3 holdings increased because they were expected to contribute to business profits over the medium to long term. The criteria for reducing holdings and the policy of conducting an annual review remain in place. - FY2021AdvancedAnnual report
「In accordance with the above policy, the Company plans to reduce its strategic shareholdings with the aim of bringing them below 10% of consolidated net assets by the end of the fiscal year ending March 2022.」
During the fiscal year, the Company sold shares, including holdings in 5 listed issues, for total proceeds of ¥1,949 million. It continues its plan to reduce strategic shareholdings to below 10% of consolidated net assets by the end of the fiscal year ending March 2022. - FY2020AdvancedAnnual report
「In accordance with the above policy, the Company plans to reduce its strategic shareholdings with the aim of bringing them below 10% of consolidated net assets by the end of the fiscal year ending March 2022.」
For strategic shareholdings, the Company newly stated a deadline and quantitative target of reducing them to below 10% of consolidated net assets by the end of the fiscal year ending March 2022, and sold all shares in 3 listed issues during the fiscal year. - FY2019AdvancedAnnual report
「The Company’s policy is to reduce strategic shareholdings when the benefits, such as the dividend yield on investment for the immediately preceding fiscal year, fall below the cost of capital at the end of that fiscal year, based on its “Criteria for Determining Whether to Hold Listed Shares.” At the regular board meeting held at the beginning of each fiscal year, the Company applies these criteria to each strategic shareholding and comprehensively considers its economic rationality to scrutinize whether each holding should be retained or sold.」
The Company clarified the conditions for reducing strategic shareholdings and the method of annual board review, and sold 1 unlisted issue and 3 listed issues during the fiscal year. - FY2019-Q2Use proceeds from partial sales of strategic shareholdings to improve capital efficiencyAnnual report
「To enhance shareholder returns and improve capital efficiency using funds from the partial sale of strategic shareholdings.」
The Company stated a policy of using proceeds from the partial sale of strategic shareholdings to fund share repurchases, describing a move to direct funds toward improving capital efficiency in connection with its previous holding policy. It did not indicate that the sales had been completed or that the holding policy for strategic shareholdings as a whole had changed. - FY2018RestatedAnnual report
「Purpose of holding: to strengthen friendly relationships with business partners」
The Company holds 59 investment securities and continues its policy of holding them to strengthen friendly and business relationships with business partners. The aggregate balance-sheet carrying amount is ¥9,004 million. - FY2017RestatedAnnual report
「Purpose of holding: to strengthen friendly relationships with business partners」
The Company holds 59 investment securities other than those held for pure investment purposes, with an aggregate balance-sheet carrying amount of ¥8,486 million, and continues its policy of holding them to strengthen friendly and business relationships with business partners. - FY2016First statedAnnual report
「Purpose of holding: to strengthen friendly relationships with business partners」
The Company holds 59 investment securities other than those held for pure investment purposes, with an aggregate balance-sheet carrying amount of ¥8,224 million. It states that the purpose of holding them is to strengthen friendly or business relationships with business partners.