Strategic Shareholdings Held to Strengthen Business Relationships and Secure Stable Financing
First written in FY2018. 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".
- FY2026Decrease in the number of listed securities held as cross-shareholdingsAnnual report
「Unlisted securities 13 210 Securities other than unlisted securities 43 20,767」
Cross-shareholdings comprised 13 unlisted securities and 43 listed securities and other listed holdings. The number of listed securities and other listed holdings decreased from 48 in the previous fiscal year, and the company sold 1 listed security and other listed holding during the current fiscal year. Meanwhile, the target of reducing the balance to less than 10% of consolidated net assets by the end of fiscal 2030 remains in place. - FY2025RaisedAnnual report
「The company aims to reduce the balance of cross-shareholdings to less than 10% of consolidated net assets by the end of fiscal 2030.」
In addition to its existing policy of reducing holdings that fail to meet its profitability criteria, the company set a quantified, time-bound target of reducing the balance of cross-shareholdings to less than 10% of consolidated net assets by the end of fiscal 2030. - FY2024Increase in the number of cross-shareholdings and continued securities tradingAnnual report
「The company holds 15 unlisted securities and 48 securities other than unlisted securities.」
Cross-shareholdings comprised 15 unlisted securities and 48 listed securities and other listed holdings. During the current fiscal year, the company acquired 3 unlisted securities and 3 listed securities and sold 3 listed securities. - FY2023Decrease in the number of cross-shareholdings and securities tradingAnnual report
「The company holds 13 unlisted securities and 46 securities other than unlisted securities.」
Cross-shareholdings comprised 13 unlisted securities and 46 listed securities and other listed holdings. During the current fiscal year, the company acquired 6 listed securities and other listed holdings and sold 4, describing a review of the portfolio composition based on annual Board of Directors reviews. - FY2022Change in the composition of cross-shareholdingsAnnual report
「The company holds 13 unlisted securities and 49 securities other than unlisted securities.」
Listed securities and other listed holdings totaled 49 securities, unchanged from the previous fiscal year, while unlisted securities increased from 12 to 13. Among listed securities and other listed holdings, the company acquired 4 securities and sold 1. - FY2021AdvancedAnnual report
「The company holds 12 unlisted securities and 49 securities other than unlisted securities.」
Listed securities and other listed holdings increased from 45 securities in the previous fiscal year to 49, and their balance-sheet carrying amount was ¥8,152 million. During the current fiscal year, the company acquired 7 securities for ¥928 million, with no securities reduced. - FY2020AdvancedAnnual report
「The company holds 12 unlisted securities and 45 securities other than unlisted securities.」
Cross-shareholdings comprised 12 unlisted securities and 45 listed securities, up from 43 listed securities in the previous fiscal year. During the current fiscal year, the company acquired 5 securities for a total acquisition cost of ¥785 million, with no securities reduced. - FY2019AdvancedAnnual report
「For each security, the company clarifies the rationale for holding it from a medium- to long-term perspective, analyzes returns, risks and profitability, and verifies annually at Board of Directors meetings whether it is necessary to continue holding the security. The company plans to reduce holdings whose rationale has become weak and that do not meet its profitability criteria.」
The company disclosed its policy of conducting annual Board of Directors reviews and reducing holdings that fail to meet its profitability criteria. In the current fiscal year, it held 12 unlisted securities and 43 listed securities, and reduced its listed holdings by 3 securities. - FY2018First statedAnnual report
「Investment shares held for purposes other than pure investment」
The company disclosed that it holds 48 cross-shareholdings with a total balance-sheet carrying amount of ¥7,238 million, primarily to strengthen and maintain business relationships and, in some cases, to secure stable funding.