Cross-Shareholdings Held to Support Business Alliances and M&A Synergies
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
69 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The company additionally acquired the shares because it determined that collaboration with the investee would contribute to the medium- to long-term enhancement of the group's corporate value.」
As a strategic shareholding, the company additionally acquired 1 unlisted shareholding for the purpose of collaborating with the investee. The acquisition cost was ¥999.994 million. - FY2023AdvancedAnnual report
「The company acquired the shares because it determined that collaboration with the investee would contribute to the medium- to long-term enhancement of the group's corporate value.」
The company newly acquired 1 unlisted shareholding as a strategic holding, at an acquisition cost of ¥499.840 million, to enhance corporate value over the medium to long term through collaboration with the investee. - FY2021RestatedAnnual report
「The basic policy for holding shares for purposes other than pure investment is to generate synergies in the company's M&A advisory business through business alliances with investee companies, acquisition of engagements and expansion of business, thereby contributing to an increase in corporate value.」
The company reaffirmed its policy of holding strategic shareholdings to pursue synergies in its M&A advisory business through business alliances, acquisition of engagements and business expansion. - FY2019First statedAnnual report
「The basic policy for holding shares for purposes other than pure investment is to generate synergies in the company's M&A advisory business through business alliances with investee companies, acquisition of engagements and expansion of business, thereby contributing to an increase in corporate value. The Board of Directors regularly reviews major strategic shareholdings from a medium- to long-term perspective, taking into account their risks and returns, considers whether they should continue to be held, and reduces holdings when their appropriateness is not recognized.」
The company disclosed for the first time its basic policy on strategic shareholdings held to pursue business alliances, acquisition of engagements, business expansion and synergies in its M&A advisory business, as well as the Board of Directors' policy of reviewing continued ownership and reducing holdings.