Strategic Shareholdings to Strengthen Business Relationships
First written in FY2017. 5 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
71 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「For each strategic shareholding, the Board of Directors verifies its long-term economic rationale at least once a year, using the cost of capital as one factor, and … reviews the holdings as appropriate, including through sales. …13 unlisted issues and 78 issues other than unlisted shares.」
The policy for reviewing cross-shareholdings was continued, and the total number of holdings was updated to 91. The company also disclosed the sale of 1 unlisted holding and 2 listed or equivalent holdings. - FY2025AdvancedAnnual report
「For each strategic shareholding, the Board of Directors verifies its long-term economic rationale at least once a year, using the cost of capital as one factor, and … reviews the holdings as appropriate, including through sales. …14 unlisted issues and 79 issues other than unlisted shares.」
The company continued its policy of reviewing strategic shareholdings at least once a year and updated its holdings to 14 unlisted issues and 79 listed and other issues, for a total of 93 issues. It also disclosed the sale of 1 listed issue. - FY2024AdvancedAnnual report
「For each strategic shareholding, the Board of Directors verifies its long-term economic rationale at least once a year, using the cost of capital as one factor, and comprehensively assesses the significance of holding it based on its importance to business strategy, the expansion of synergies in business transactions and other factors, after which the company reviews the holdings as appropriate, including through sales.」
The company continues its policy of reviewing strategic shareholdings at least once a year and confirming their rationale using 3 criteria. Holdings totaled 82 issues, with a balance-sheet amount of ¥28,565 million. The company also disclosed the sale of 3 unlisted issues and 2 listed issues. - FY2022RestatedAnnual report
「For each strategic shareholding, the Board of Directors verifies its long-term economic rationale at least once a year, using the cost of capital as one factor, and comprehensively assesses the significance of holding it based on its importance to business strategy, the expansion of synergies in business transactions and other factors, after which the company reviews the holdings as appropriate, including through sales.」
The company continues its policy of reviewing strategic shareholdings at least once a year using criteria including the cost of capital, changes in market value and profitability, and reviewing them, including through sales. - FY2021AdvancedAnnual report
「For each strategic shareholding, the Board of Directors verifies its long-term economic rationale at least once a year, using the cost of capital as one factor, and comprehensively assesses the significance of holding it based on its importance to business strategy, the expansion of synergies in business transactions and other factors, after which the company reviews the holdings as appropriate, including through sales.」
The company specified annual reviews, or more frequent reviews, of strategic shareholdings using 3 criteria, including the cost of capital, changes in market value and profitability, as well as reviews including through sales. Holdings totaled 82 issues and ¥22,012 million. - FY2019AdvancedAnnual report
「For each strategic shareholding, the Board of Directors verifies its long-term economic rationale at least once a year and comprehensively assesses the significance of holding it based on its importance to business strategy, the expansion of synergies in business transactions and other factors, after which the company reviews the holdings as appropriate, including through sales. The number of issues was 104, and the total amount recognized on the balance sheet was ¥23,755 million.」
The company disclosed a policy of having the Board of Directors review strategic shareholdings at least once a year and reviewing them, including through sales, as well as holdings of 104 issues totaling ¥23,755 million. - FY2017First statedAnnual report
「Number of issues 106 Total amount recognized on the balance sheet ¥21,981 million Purpose of holdings Strengthening relationships with business partners」
The company held 106 shares, with a total balance-sheet amount of ¥21,981 million, for purposes other than pure investment, including strengthening relationships with business partners and maintaining stable transactions with financial institutions.