Cross-shareholdings held to maintain and strengthen business relationships
First written in FY2017. . 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".
- FY2026Continues to sell cross-shareholdingsAnnual report
「During the fiscal year, there were no unlisted issues whose number of shares declined, while the number of shares declined for 2 issues other than unlisted shares. The total sale price was ¥339 million. The Company will consider selling holdings whose significance has diminished.」
The policy of reviewing the significance of individual holdings at meetings of the Board of Directors and the Management Committee continued, and the Company sold 2 listed issues. The number of holdings stood at 27 unlisted and 18 listed issues. - FY2025Continues to sell cross-shareholdingsAnnual report
「During the fiscal year, the number of shares declined for 3 unlisted issues and 5 issues other than unlisted shares. The total sale price was ¥454 million.」
The Company continued to review individual strategic cross-shareholdings and reassess the significance of each holding, selling 3 unlisted and 5 listed issues. The number of holdings stood at 27 unlisted and 20 listed issues. - FY2024Increased sales of cross-shareholdingsAnnual report
「During the fiscal year, the number of shares declined for 4 unlisted issues and 8 issues other than unlisted shares. The total sale price was ¥2,275 million.」
The policy of reviewing individual strategic cross-shareholdings at meetings of the Board of Directors and the Management Committee continued. The Company sold 4 unlisted and 8 listed issues, while increasing its holdings of 2 unlisted and 1 listed issue due to capital and business alliances and other factors. - FY2022Strategic cross-shareholdings sold and additionally acquiredAnnual report
「During the fiscal year, there were no unlisted issues whose number of shares declined, while the number of shares declined for 4 issues other than unlisted shares. The total sale price was ¥2,364 million.」
The policy of reviewing individual strategic cross-shareholdings at meetings of the Board of Directors and the Management Committee continued. The Company sold 4 listed issues, while the number of shares increased for 1 unlisted issue and 1 listed issue through acquisitions and other transactions. - FY2020Reviews and sales of holdings, and additional acquisitions, conductedAnnual report
「For investment securities held for purposes other than pure investment, the Company quantitatively reviews dividends received and related earnings for each domestic and overseas listed issue every year, while also examining qualitative factors such as whether the holding contributes to increasing corporate value, and reassesses the significance of each holding.」
The Company specified its policy of reviewing each strategic cross-shareholding annually at meetings of the Board of Directors and the Management Committee and considering the sale of holdings whose significance has diminished. It held 34 unlisted and 30 listed issues, sold 2 unlisted and 3 listed issues during the year, and additionally acquired 3 listed issues. - FY2019Policy for reviewing and selling strategic cross-shareholdings explicitly disclosedAnnual report
「The Company holds strategic cross-shareholdings to maintain and strengthen business relationships with counterparties and to cooperate in efficient construction. The Board of Directors reviews each strategic cross-shareholding once a year, considering whether its purpose remains appropriate in light of the Company's transactions with the investee, synergies, business performance and dividends. Shares with little significance as continuing holdings are sold as appropriate.」
For strategic cross-shareholdings, the Company explicitly stated its policy of conducting an annual review by the Board of Directors and selling holdings with little significance. The number of holdings fell from 71 issues in the previous fiscal year to 65 issues, comprising 32 unlisted and 33 listed issues, while the balance sheet carrying amount rose from ¥15,386 million to ¥15,494 million. - FY2018Increase in the number and value of holdingsAnnual report
「Total number of issues and total balance sheet carrying amount of investment securities held for purposes other than pure investment 71 issues ¥15,386 million」
Strategic cross-shareholdings held to maintain and strengthen relationships with business partners and for other purposes increased from 70 issues with a total value of ¥12,968 million in the previous fiscal year to 71 issues with a total value of ¥15,386 million. - FY2017First statedAnnual report
「Among investment securities, the number of issues held for purposes other than pure investment and their total carrying amount on the balance sheet were 70 issues and ¥12,968 million, respectively. Purpose of holding: maintaining and strengthening relationships with business partners.」
The company held 70 non-pure-investment securities with a total balance-sheet carrying amount of ¥12,968 million, primarily to maintain and strengthen relationships with business partners.