Strategic shareholdings held to maintain relationships with business partners, financial institutions, and raw material suppliers
First written in FY2017. 6 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
68 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Unlisted securities 2 79 Securities other than unlisted securities 29 1,309 (Securities whose number of shares decreased during the fiscal year) Unlisted securities 1 1 Securities other than unlisted securities 1 655」
The Board of Directors verified the rationale for holding cross-held securities, and the company sold 1 unlisted security and 1 listed security. At fiscal year-end, the holdings comprised 2 unlisted securities and 29 listed securities, a reduction from the previous fiscal year, while the number of shares increased for 8 securities through an employee stock ownership plan and other measures. - FY2025Reduction of cross-held securities alongside employee stock ownership plan acquisitionsAnnual report
「Unlisted securities 3 79 Securities other than unlisted securities 30 1,575」
Cross-held securities comprised 3 unlisted securities and 30 listed securities, and the company sold 1 security during the year. Meanwhile, the number of shares increased for 8 securities as a result of participation in an employee stock ownership plan and other measures aimed at expanding points of contact with business partners. - FY2024AdvancedAnnual report
「Securities whose number of shares decreased during the fiscal year Unlisted securities 1 27」
The Board of Directors continued to verify the rationale for holding cross-held securities, and during the fiscal year the company sold 1 unlisted security for ¥27 million. At fiscal year-end, the holdings comprised 3 unlisted securities and 32 listed securities. - FY2022AdvancedAnnual report
「During the fiscal year, following continued deliberation based on reviews by the Board of Directors and other considerations of transaction results with investee companies, the status of initiatives, the significance and benefits of the holdings, and the impact after sale, the company sold some securities while taking into account the impact on the market and other considerations.」
The Board of Directors continued to verify the significance of holding the securities, their benefits, cost of capital and other factors, and sold 2 securities. At fiscal year-end, cross-held securities comprised 36 securities with a carrying amount of ¥1,162 million. - FY2021AdvancedAnnual report
「During the fiscal year, following continued deliberation based on reviews by the Board of Directors and other considerations of transaction results with investee companies, the status of initiatives, the significance and benefits of the holdings, and the impact after sale, the company sold some securities while taking into account the impact on the market and other considerations.」
The Board of Directors continued to deliberate on the benefits, significance of holding and impact after sale of cross-held securities, and sold 1 security. At fiscal year-end, the holdings comprised 38 securities with a carrying amount of ¥1,320 million. - FY2020AdvancedAnnual report
「During the fiscal year, following continued deliberation based on reviews by the Board of Directors and other considerations of transaction results with investee companies, the status of initiatives, the significance and benefits of the holdings, and the impact after sale, the company sold some securities while taking into account the impact on the market and other considerations.」
After verifying the benefits, cost of capital and other factors, the Board of Directors sold some securities. Cross-held securities now comprise 39 securities with a carrying amount on the balance sheet of ¥1,178 million. - FY2019AdvancedAnnual report
「For each cross-held security, the Board of Directors conducts a detailed review after comprehensively considering whether the purpose of holding it is appropriate, whether the benefits of holding it are commensurate with the cost of capital, and any other relevant circumstances, and verifies whether it is appropriate to continue holding it. Based on the results of the review and other factors, the company will sell securities while taking into account the impact on the market and other considerations.」
The Board of Directors verifies the purposes of holding cross-held securities, including a comparison of their benefits with the cost of capital, and has specified a process for determining whether to sell them. The carrying amount was ¥1,408 million, down from ¥1,466 million previously. - FY2018Decline in the number and carrying value of holdingsAnnual report
「Number of securities 36 securities Total carrying amount on the balance sheet ¥1,466 million」
Cross-held securities changed from 38 securities with a carrying amount of ¥1,716 million in the previous disclosure to 36 securities with a carrying amount of ¥1,466 million. The company continues to cite relationships with business partners, stable raw-material procurement and stable financial transactions as the purposes of holding them. - FY2017First statedAnnual report
「Number of securities 38 securities Total carrying amount on the balance sheet ¥1,716 million」
The company discloses 38 cross-held securities with a carrying amount on the balance sheet of ¥1,716 million, held to maintain and strengthen relationships with business partners, secure stable raw-material supplies, and maintain stable and continuous financial transactions.