Holding shares to strengthen relationships with business partners
First written in FY2016. 7 of 13 entries say "Advanced", first in FY2025-H1. Latest entry: FY2027-H1.
Bull-Dog Sauce moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
71 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「In light of the total payout ratio of at least 60% set out in the “Initiatives to Realize Management That Is Conscious of Capital Costs and Share Prices,” we continue to actively pursue the dividend policy and share repurchases, as well as sales of cross-shareholdings.」
Based on a total payout ratio of 60% or more, the company continues to acquire treasury shares and sell cross-held shares. - 2026-08-21AdvancedManagement planning
「Sale of cross-shareholdings (¥2 billion)」
The company presents a plan to sell ¥2 billion of cross-shareholdings from fiscal 2026 through fiscal 2028. - FY2026AdvancedAnnual report
「In addition to reducing cross-shareholdings, the Company will pursue strategic investments for growth.」
The Company proceeded with the sale of cross-shareholdings and other holdings, changed some holdings to pure investment purposes during the year, and designated them for sale in April 2026 or from fiscal 2026 onward. - 2026-05-15AdvancedRevisions to earnings forecasts
「To realize management that is conscious of capital costs and share prices, we sold the former Hatogaya Plant site in May 2025 and have been actively selling cross-shareholdings and repurchasing shares.」
The company reports that it has carried out sales of cross-shareholdings as part of its reduction of such holdings. - FY2026-H1AdvancedAnnual report
「The Company is also actively proceeding with the sale of cross-shareholdings and the acquisition of treasury shares.」
As part of management that is conscious of the cost of capital and share prices, the Company continues to sell cross-shareholdings and has executed these sales alongside the acquisition of treasury shares. - FY2025AdvancedAnnual report
「In line with the Response to Achieving Management That Is Conscious of the Cost of Capital and Share Prices disclosed in July 2024, the Company has actively proceeded with the sale of cross-shareholdings and other holdings and the acquisition of treasury shares.」
As measures reflecting the cost of capital and share prices, the Company has sold cross-shareholdings and other holdings alongside the acquisition of treasury shares. Some cross-shareholdings have changed from business-investment purposes to pure investment purposes, and planned sales have also been indicated. - FY2025-H1AdvancedAnnual report
「Against this backdrop, the Group proceeded with the implementation of the three themes of the new growth strategy under the B-Challenge2025 11th Medium-Term Management Plan, namely the domestic strategy, overseas strategy and VC (value chain) strategy, and pursued specific initiatives, including the sale of cross-shareholdings and the effective use of the former Hatogaya Plant site, to achieve management that is conscious of the cost of capital and share prices and to enhance corporate value.」
The Company describes the sale of cross-shareholdings and other holdings as an initiative that has been implemented, indicating that it has moved from its previous policy of reviewing the significance of holdings and reducing them to executing specific sales. - FY2023RestatedAnnual report
「Regarding whether to continue holding shares in strategic investees, the Company reviews the appropriateness of the holdings every year at a Board of Directors meeting, specifically examining the economic rationality of whether the benefits of holding the shares are commensurate with the cost of capital, as well as their necessity from the standpoint of management strategy and sales policy.」
The Company has reconfirmed its policy of holding cross-shareholdings to strengthen business and trading relationships, and its annual review by the Board of Directors of their economic rationality and necessity. - FY2022SoftenedAnnual report
「The Company has also proceeded with the sale of held shares (¥321 million).」
The Company states that, in addition to reviewing the purpose of its cross-shareholdings, it proceeded with the sale of ¥321 million of held shares. - FY2020SoftenedAnnual report
「For holdings deemed to have diminished significance, the Company will proceed with sales as appropriate and work to reduce cross-shareholdings.」
In addition to its policy of holding shares to strengthen trading and business relationships, the Company explicitly states that it will sell holdings whose significance has diminished and reduce cross-shareholdings. - FY2018RestatedAnnual report
「To strengthen business and trading relationships and enhance corporate value through stable business activities」
The Company has reconfirmed that the purposes for holding specified investment shares are to strengthen business and trading relationships and enhance corporate value. - FY2017RestatedAnnual report
「To strengthen business and trading relationships and enhance corporate value through stable business activities」
The Company has reconfirmed that the purposes for holding specified investment shares are to strengthen business and trading relationships and enhance corporate value. - FY2016First statedAnnual report
「To strengthen business and trading relationships and enhance corporate value through stable business activities」
The Company cites strengthening business and trading relationships and stable business activities as the purposes for holding specified investment shares.