Review of Strategic Shareholdings Held for Business Alliances and Business Relationships
First written in FY2022. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
68 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「With regard to the appropriateness of holding individual stocks, except for holdings intended to gather information on peer companies, the Company continuously monitors the status of transactions with the investee companies, as well as their financial condition and operating performance. Once a year, it reviews the rationale and necessity of the holdings, taking returns and risks into account based on the extent to which the stock price has diverged from the trend in net assets based on the business projects that provided the grounds for the decision to acquire the shares, and periodically considers whether to continue the cross-shareholdings.」
The Company continued its annual review of the rationale for cross-shareholdings and sold 2 unlisted stocks and 2 listed stocks during the current fiscal year. - FY2023AdvancedAnnual report
「With regard to the appropriateness of holding individual stocks, except for holdings intended to gather information on peer companies, the Company continuously monitors the status of transactions with the investee companies, as well as their financial condition and operating performance. Once a year, it reviews the rationale and necessity of the holdings, taking returns and risks into account based on the extent to which the stock price has diverged from the trend in net assets based on the business projects that provided the grounds for the decision to acquire the shares, and periodically considers whether to continue the cross-shareholdings.」
The Company continued its annual review of the rationale for cross-shareholdings and sold 1 unlisted stock and 17 stocks other than unlisted stocks during the current fiscal year. - FY2022First statedAnnual report
「The Group holds shares in companies it deems necessary as part of its management strategy, including business alliances, to promote sustainable growth and enhance social and economic value, as well as to build good relationships with business partners and local communities and facilitate the smooth advancement and sustainable growth of its businesses.」
Regarding cross-shareholdings, the Company stated for the first time in a systematic manner that its purposes for holding shares are business alliances, building relationships with business partners and local communities, and gathering information on peer companies. It also stated its policy of reviewing the rationale for continued holdings once a year, taking into account transaction status, financial condition, operating performance, and returns and risks.