Strategic shareholdings aimed at maintaining relationships with business partners and financial institutions
First written in FY2018. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
68 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「During the fiscal year, we confirmed that continued ownership remained appropriate for all shares held.」
While continuing to confirm the appropriateness of cross-shareholdings, we sold 3 unlisted holdings for ¥1,173 million and 6 non-unlisted holdings for ¥216 million. - FY2023AdvancedAnnual report
「Unlisted shares 1 2,604 To strengthen collaboration with overseas partners in the food sales business」
Regarding cross-shareholdings, 1 unlisted shareholding was acquired for an acquisition cost of ¥2.604 billion to strengthen collaboration with overseas partners in the food sales business. - FY2021AdvancedAnnual report
「We will progressively sell shares whose strategic significance has diminished. During the fiscal year, we confirmed that continued ownership remained appropriate for all shares held.」
Regarding cross-shareholdings, 3 holdings were sold for total proceeds of ¥394 million. The policy of confirming the appropriateness of shareholdings and selling shares whose significance has diminished remains in place. - FY2020AdvancedAnnual report
「We will progressively sell shares whose strategic significance has diminished. During the fiscal year, we confirmed that continued ownership remained appropriate for all shares held.」
In addition to the policy of reviewing the rationale for cross-shareholdings at Board of Directors meetings, the disclosure for the fiscal year indicated a reduction of 3 holdings, with total sale proceeds of ¥72 million. - FY2019RestatedAnnual report
「The company holds investment shares for purposes other than pure investment as strategic shareholdings, in order to maintain and strengthen relationships with business partners, facilitate business alliances, and build close cooperative and trust-based relationships. It periodically conducts a detailed review of whether the benefits and risks associated with the holdings are commensurate with the cost of capital, and the Board of Directors verifies their medium- to long-term economic rationality and future prospects. Shares whose strategic significance has diminished will be sold successively.」
The policy on holding strategic shareholdings to maintain relationships with business partners and financial institutions, with their economic rationality periodically reviewed by the Board of Directors, was clarified. The appropriateness of the holdings was confirmed for the current fiscal year. - FY2018First statedAnnual report
「Of the investment shares, those held for purposes other than pure investment: 40 issues, ¥8,377 million」
The company disclosed holdings of investment shares for purposes other than pure investment, aimed at maintaining and developing business relationships and stable relationships with financial institutions.