Holdings of investment shares to maintain and strengthen business relationships
First written in FY2018. 2 of 8 entries say "Reframed", first in FY2019. Latest entry: FY2025.
Planet moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 17 of 137 companies on the "Worse" side.
77 other companies' latest entry also says "Other".
- FY2025Sale and decline in the valuation of held sharesAnnual report
「istyle Inc. 310,000 560,000 Although the shares are held to maintain and strengthen business relationships, including the collection of useful information, some shares were sold following a comprehensive assessment. Science Arts,Inc. — 100,000 The shares were sold following a comprehensive assessment of the rationale for holding them.」
The holding of istyle Inc. shares was reduced from 560,000 to 310,000, and all Science Arts,Inc. shares were sold. The company held 1 listed holding other than unlisted shares, with a carrying amount of ¥179.180 million. - FY2024Decline in the valuation of held shares and sale of unlisted sharesAnnual report
「istyle Inc. 560,000 560,000 Maintaining and strengthening business relationships, including the collection of useful information No 247,520 272,720 Science Arts,Inc. 100,000 100,000 Maintaining and strengthening business relationships, including the collection of useful information No 54,400 76,200」
Although the number of shares held remained unchanged, the combined valuation of the holdings in istyle Inc. and Science Arts,Inc. declined from ¥348.920 million to ¥301.920 million. The sale of 1 unlisted holding was also disclosed. - FY2023Changes in shareholdings and valuationsAnnual report
「istyle Inc. 560,000 560,000 Maintaining and strengthening business relationships, including the collection of useful information No 272,720 154,560 Science Arts,Inc. 100,000 50,000 Maintaining and strengthening business relationships, including the collection of useful information The company conducted a 2-for-1 share split effective 1 December 2022. No 76,200 114,000」
The company maintained its holding of 560,000 shares in istyle Inc., and the valuation became ¥272.720 million. Following a share split, its holding of Science Arts,Inc. shares increased from 50,000 to 100,000, while the valuation became ¥76.200 million. - FY2022Changes in holdings and valuationsAnnual report
「Science Arts,Inc. 50,000 — Maintaining and strengthening business relationships No 114,000 —」
Shares in Science Arts,Inc. previously held became subject to disclosure following its new listing in December 2021 and were reported as 50,000 shares with a balance-sheet carrying amount of ¥114.000 million. The company held 2 listed holdings other than unlisted shares, with a total carrying amount of ¥268.560 million. - FY2021Increase in the value of held sharesAnnual report
「istyle Inc. 560,000 560,000 Maintaining and strengthening business relationships No 246,400 129,360」
The number of shares held in istyle Inc. remained unchanged at 560,000, while the amount recorded on the balance sheet increased from ¥129.360 million to ¥246.400 million. The holding purpose is to maintain and strengthen the business relationship. - FY2020ReframedAnnual report
「At board meetings, the company will confirm whether each strategically held share is consistent with its holding purpose, assess transaction activity and review the investee company's future prospects, then determine each time whether the holding contributes to the company's corporate value and share value. The company will appropriately reduce holdings for which the rationale is found to be particularly weak.」
The company has specified a review policy for strategically held shares under which the board confirms the holding purpose, transaction activity and future prospects, and reduces holdings when their rationale is weak. - FY2019ReframedAnnual report
「The company regularly verifies at meetings of the board of directors the rationale for holding strategically held shares, including the economic rationale of transactions, and will appropriately reduce holdings for which the rationale is found to be particularly weak, taking the verification results comprehensively into account.」
In addition to stating that the shares are held to maintain and strengthen business relationships, the company explicitly described its policy of regularly verifying the rationale at board meetings and reducing holdings with weak rationale. - FY2018First statedAnnual report
「istyle Inc. 560,000 shares ¥802.480 million Maintaining and strengthening business relationships」
The company holds shares in istyle Inc. as investment shares held for specific purposes, explaining that the purpose is to maintain and strengthen the business relationship.