Strategic Shareholdings to Strengthen Business Relationships
First written in FY2018. 5 of 14 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「Regarding cross-shareholdings, the Company sold shares and reduced the ratio of their market value to consolidated net assets to below 20% as of the end of March 2026.」
The deadline and numerical target of reducing cross-shareholdings to less than 20% of net assets were achieved. The proceeds from sales during the fiscal year were ¥3,729 million, including sales of 9 securities. - FY2026-H1RaisedAnnual report
「The Company has set a target of reducing the ratio of cross-shareholdings to net assets to below 20% by the end of March 2026. As part of this effort, it sold some of its holdings, and interim net income attributable to owners of the parent increased to ¥1,055 million, or 203.8% of the year-earlier level, due to the resulting gain on sale.」
The deadline for reducing the ratio of cross-shareholdings to below 20% was specified as the end of March 2026, and partial sales were also carried out during the interim consolidated accounting period toward achieving the target. - FY2025-H1AdvancedAnnual report
「In addition, based on its policy of reducing holdings whose benefits have diminished from the perspective of capital efficiency, the Company sold some of its holdings. As a result of the gain on sale, interim net income attributable to owners of the parent was ¥518 million, or 69.3% of the year-earlier level.」
A partial sale was also carried out during the interim consolidated accounting period under the policy of reducing cross-shareholdings, and a gain on sale of ¥592 million was recognized. - FY2024RaisedAnnual report
「Regarding cross-shareholdings, the Company will sell shares by the end of March 2029 and work to reduce the ratio of the market value of cross-shareholdings to consolidated net assets to below 20%.」
The policy of reducing cross-shareholdings became a specific deadline and numerical target of less than 20% of consolidated net assets by the end of March 2029. In FY2024, the Company sold 5 securities for proceeds of ¥1,500 million. - FY2024-Q3RestatedAnnual report
「Meanwhile, based on its policy of reducing holdings whose benefits have diminished from the perspective of capital efficiency, the Company sold some of its holdings. As a result of the gain on sale, quarterly net income attributable to owners of the parent was ¥853 million (compared with a loss of ¥120 million in the same period of the previous year).」
The policy of reducing cross-shareholdings whose benefits have diminished from the perspective of capital efficiency, together with the recognition of gains on partial sales, continued to be disclosed. - FY2024-Q2AdvancedAnnual report
「Meanwhile, based on its policy of reducing holdings whose benefits have diminished from the perspective of capital efficiency, the Company sold some of its holdings. As a result of the gain on sale, quarterly net income attributable to owners of the parent was ¥747 million (compared with a loss of ¥272 million in the same period of the previous year).」
A partial sale was executed under the policy of reducing cross-shareholdings, and quarterly net income attributable to owners of the parent of ¥747 million was recognized due to the gain on sale. - FY2024-Q1AdvancedAnnual report
「In accordance with the Corporate Governance Code, the Company is working to reduce cross-shareholdings whose benefits have diminished, from the perspective of capital efficiency. Accordingly, it sold some investment securities in July 2023. As a result, a gain on the sale of investment securities of ¥1,034 million will be recognized as an extraordinary gain in the consolidated accounting period for the second quarter of the fiscal year ending March 2024.」
The policy of reducing cross-shareholdings based on capital efficiency and the benefits of ownership progressed to an actual partial sale. The Company stated that a gain on sale of ¥1,034 million was scheduled to be recognized in the second quarter. - FY2021AdvancedAnnual report
「Based on a review as of 31 March 2021, the company confirmed that all strategic shareholdings currently held were held for purposes consistent with its holding policy.」
The Company reviewed the rationale for its cross-shareholdings through the Board of Directors and other bodies and confirmed that its current holdings complied with its holding policy. It held 1 unlisted security valued at ¥20 million and 55 other securities valued at ¥5,124 million. - FY2019AdvancedAnnual report
「Regarding whether to continue holding cross-shareholdings, the Company reviews each holding by comprehensively considering its medium- to long-term economic rationale and future outlook in light of the nature of the business relationship. For holdings whose significance has diminished, the Board of Directors decides whether to continue holding them, including whether to sell them.」
For cross-shareholdings, the policy for the Board of Directors to review continued ownership and decide on sales was disclosed. The Company held 1 unlisted security valued at ¥20 million and 54 other securities valued at ¥4,786 million, acquired 5 securities and sold 1. - FY2018First statedAnnual report
「Investment securities held for purposes other than pure investment Number of securities 55 Total carrying amount on the balance sheet ¥5,168 million」
The Company held 55 investment securities for purposes other than pure investment, with a total carrying amount of ¥5,168 million, and disclosed strengthening and facilitating business relationships and other purposes for individual holdings.