Review of the Economic Rationale for Strategic Shareholdings and Reassessment of Holdings
First written in FY2019-Q2. 4 of 9 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026.
49 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We comprehensively verify the economic rationale of cross-shareholdings by examining transaction status with the companies in which we hold shares, year-on-year changes in transaction revenue, the outlook for building and maintaining strategic business relationships, whether the holdings are commensurate with our cost of capital, and other factors.」
For cross-shareholdings, we continue to follow the policy of reviewing transaction status, revenue, future strategic relationships and consistency with our cost of capital, and deciding whether to continue holding or sell the shares. - FY2025AdvancedAnnual report
「株式会社地域新聞社 226,000 113,000 The company operates in the same industry as us, and we continue to hold the shares in the expectation of building a strategic business relationship in the future.」
The number of shares held in 株式会社地域新聞社 increased from 113,000 to 226,000, and we continue to hold the shares as a cross-shareholding in the expectation of building a strategic business relationship. - FY2023RestatedAnnual report
「In addition to continuously monitoring the financial condition, operating results and future outlook of companies in which we hold shares, we are reducing holdings in companies for which we do not expect to maintain or strengthen business relationships, based on reviews at Board of Directors and other management meetings of the appropriateness of holding shares in each company in light of its past business transactions.」
For cross-shareholdings, we continue to follow the policy of reviewing transaction performance, outlook, cost of capital and other factors and reducing holdings. - FY2021RestatedAnnual report
「During the current fiscal year, we reduced holdings in companies for which we do not expect to maintain or strengthen business relationships.」
For cross-shareholdings, we reconfirmed the practice of reviewing transaction activity, cost of capital and other factors and reducing holdings. - FY2020AdvancedAnnual report
「In the current fiscal year, in addition to continuously monitoring the financial condition, operating results and future outlook of companies in which we hold shares, the Management Committee meeting held on 21 February 2020 reviewed the appropriateness of holding shares in each company based on the status of business transactions over the previous 2 years. As a result, we are reducing holdings in companies for which we do not expect to maintain or strengthen business relationships.」
For cross-shareholdings, company-by-company reviews based on transaction activity over the previous 2 years were conducted at the Management Committee meeting in February 2020, formalizing the practice of reducing holdings. - FY2020-Q1AdvancedAnnual report
「Net income for the quarter was ¥12.708 million, up 38.5% year on year, mainly due to the recognition of ¥40.926 million in gains on sales of investment securities as extraordinary income from the partial sale of cross-shareholdings.」
Partial sales were carried out in accordance with the policy of reviewing cross-shareholdings, and ¥40.926 million in gains on sales of investment securities was recognized. - FY2019RestatedAnnual report
「For cross-shareholdings, we verify the economic rationale for each individual holding, including the company, number of shares and value, and holding period, by examining its business contribution and outlook, whether the return and risk of each holding are commensurate with our cost of capital, and other factors. We decide from time to time whether to acquire, continue holding or sell each individual holding, and the Board of Directors decides on revisions to holdings based on these reviews.」
For cross-shareholdings, the policy of reviewing business contribution, outlook, return and risk, and their relationship with the cost of capital, and deciding on revisions to holdings at Board of Directors meetings, has been reconfirmed in detail. - FY2019-Q3AdvancedAnnual report
「Net income for the quarter was ¥274.544 million, up 254.3% year on year, following the recognition of ¥404.969 million in gains on sales of investment securities as extraordinary income from the sale of holdings whose share prices had risen sharply, while the appropriate quantity of shares held was reviewed from time to time.」
In accordance with the policy of reviewing the quantity of cross-shareholdings, holdings whose share prices had risen sharply were actually sold, and gains on sales of investment securities were recognized. - FY2019-Q2First statedAnnual report
「With respect to decisions on acquiring, continuing to hold or selling cross-shareholdings, we verify the business contribution, outlook and economic rationale for each individual holding from time to time.」
For cross-shareholdings, the policy of verifying the business contribution, outlook and economic rationale for each individual holding and deciding whether to acquire, continue holding or sell it is disclosed explicitly for the first time.