Strengthening Relationships with Customers and Business Vendors through Strategic Shareholdings and Verifying Their Rationale
First written in FY2020. 4 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a general policy, we do not hold listed shares unless they involve a specific business alliance. For each cross-shareholding, the Board of Directors verifies the rationale for holding it every year, on a security-by-security basis, and has assessed that holding each security is rational.」
Explicitly stated the policy of generally not holding listed shares without a specific business alliance, and described acquisitions of shares in alliance partners possessing DX and upstream-process personnel, among other capabilities. - 2026-04-27Cited as achievedRevision of earnings forecasts
「In the previous fiscal year, we recorded a gain on the sale of all shares of Recruit Holdings Co.,Ltd. held by the Company, resulting in a 66.5% year-on-year decline in net profit for the current fiscal year.」
The sale of all shares of Recruit Holdings Co.,Ltd. is cited as the reason current-year net profit fell below the previous year's actual result. The policy on selling cross-shareholdings itself has not changed. - FY2025-H1AdvancedAnnual report
「In addition to securing funds for cash needs arising from business risks such as wide-area disasters, our group sells and derecognizes some financial assets measured at fair value through other comprehensive income in order to secure funds needed for investments to create business scale through investment in key human capital, solution development and M&A, based on the NSSOL 2030 Vision announced on 26 April 2024. During the interim consolidated accounting period, we sold all shares of Recruit Holdings Co.,Ltd. held by us.」
Disclosed the sale of all shares of Recruit Holdings Co.,Ltd. to secure funds for investment in human capital, solution development and M&A based on the NSSOL 2030 Vision. The fair value at derecognition was ¥76,696 million, and cumulative gains were ¥74,271 million. - FY2024AdvancedAnnual report
「We sold shares worth ¥7.1 billion in fiscal 2023. However, due mainly to the impact of rising share prices (+¥27.5 billion), the balance as of 31 March 2024 was ¥59.9 billion (+¥20.3 billion). We will continue selling shares this fiscal year in line with our policy.」
Based on the policy of using cross-shareholdings to fund growth investments, disclosed sales of ¥7.1 billion in fiscal 2023 and a balance of ¥59.9 billion as of 31 March 2024. - FY2023AdvancedAnnual report
「As stated in the notice disclosed in April 2022 regarding the setting of planned sale proceeds from cross-shareholdings to secure funds for growth investments, we are proceeding with sales of cross-shareholdings for the purpose of funding growth investments. As of the end of the fiscal year ended March 2023, the balance of cross-shareholdings held by our group was ¥36.8 billion in listed shares and ¥2.9 billion in unlisted shares.」
In addition to verifying the rationale for each cross-shareholding, disclosed that sales are being conducted to fund growth investments, with balances of ¥36.8 billion in listed shares and ¥2.9 billion in unlisted shares. - FY2022RestatedAnnual report
「For each cross-shareholding, the Board of Directors verifies the rationale for holding it every year, on a security-by-security basis, and has assessed that holding each security is rational.」
Reaffirms the annual, security-by-security review of the rationale for cross-shareholdings and the review methodology using transaction results, benefits and cost of capital, among other factors. - FY2020First statedAnnual report
「We may hold cross-shareholdings for the purpose of enhancing our medium- to long-term corporate value by strengthening relationships with customers and transaction vendors. For each cross-shareholding, the Board of Directors verifies the rationale for holding it every year, on a security-by-security basis, and has assessed that holding each security is rational.」
Positioned cross-shareholdings as a means of strengthening relationships with customers and transaction vendors and enhancing medium- to long-term corporate value, and stated the policy of verifying the rationale for each holding annually at Board of Directors meetings.