Maintaining Business and Financial Relationships through Strategic Shareholdings
First written in FY2017. 1 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
79 other companies' latest entry also says "Other".
- FY2026The number of strategic shareholdings was unchanged, while their carrying amount increasedAnnual report
「16 unlisted shareholdings, with a balance-sheet carrying amount of ¥37,465 thousand, and 17 shareholdings other than unlisted shares, with a balance-sheet carrying amount of ¥1,864,158 thousand.」
Strategic shareholdings totaled 33 issues, unchanged from the previous year, while their aggregate carrying amount increased from approximately ¥1,830 million to approximately ¥1,916 million. The policy of reviewing each year whether the holdings should be retained remains in place. - FY2025Both the number of cross-held shareholdings and their carrying amount decreasedAnnual report
「16 unlisted shareholdings, with a balance-sheet carrying amount of ¥37,006 thousand, and 17 shareholdings other than unlisted shares, with a balance-sheet carrying amount of ¥1,793,060 thousand.」
Strategic shareholdings totaled 33 issues, with an aggregate carrying amount of ¥1,830.066 million, down in both number and carrying amount from 34 issues and approximately ¥1,930.685 million in the previous year. - FY2024The number of strategic shareholdings decreased, while their carrying amount increasedAnnual report
「16 unlisted shareholdings, with a balance-sheet carrying amount of ¥37,449 thousand, and 18 shareholdings other than unlisted shares, with a balance-sheet carrying amount of ¥1,893,336 thousand.」
Strategic shareholdings totaled 34 issues, down from 36 in the previous year. In contrast, their balance-sheet carrying amount increased from approximately ¥1,781 million in the previous year to approximately ¥1,931 million. - FY2023AdvancedAnnual report
「16 unlisted shareholdings, with a balance-sheet carrying amount of ¥37,018 thousand, and 20 shareholdings other than unlisted shares, with a balance-sheet carrying amount of ¥1,744,078 thousand.」
Strategic shareholdings totaled 36 issues, with an aggregate carrying amount of ¥1,781 million, down in both number and amount from 40 issues totaling approximately ¥2,118 million in the previous year. The number of shares decreased for 2 unlisted shareholdings and 4 listed shareholdings. - FY2022The number and carrying amount of strategic shareholdings decreasedAnnual report
「18 unlisted shareholdings, with a balance-sheet carrying amount of ¥67,721 thousand, and 22 shareholdings other than unlisted shares, with a balance-sheet carrying amount of ¥2,050,378 thousand.」
Strategic shareholdings decreased from 42 issues totaling approximately ¥2,418.34 million in the previous year to 40 issues totaling approximately ¥2,118.10 million. The number of shares decreased for 2 shareholdings, and the company continues its policy of reviewing each year whether the holdings should be retained. - FY2021Updated the number and carrying amount of strategic shareholdingsAnnual report
「19 unlisted shareholdings, with a balance-sheet carrying amount of ¥67,079 thousand, and 23 shareholdings other than unlisted shares, with a balance-sheet carrying amount of ¥2,351,257 thousand. The number of shares held decreased for 4 shareholdings other than unlisted shares.」
Strategic shareholdings totaled 42 issues, with an aggregate carrying amount of ¥2,418,336 thousand. The company continues its policy of reviewing each year whether the benefits and risks of holding the shares are commensurate with the cost of capital. - FY2020ReframedAnnual report
「The company’s policy is to gradually reduce holdings that it determines are unlikely to contribute meaningfully to the medium- or long-term enhancement of the corporate value of the companies in which it holds shares, while taking into account the potential impact on the market and other business relationships. Each year, the Board of Directors specifically reviews each investment shareholding held for purposes other than pure investment, or strategic shareholding, to assess whether the purpose of holding it is appropriate and whether the benefits and risks associated with holding it are commensurate with the cost of capital, and verifies whether the holding should be retained.」
For strategic shareholdings, the company newly states its policy of reviewing each year whether the benefits justify the cost of capital, rather than focusing solely on maintaining business relationships, and gradually reducing holdings with limited effectiveness. - FY2018RestatedAnnual report
「Shares held for purposes other than pure investment Number of issues 53 issues Total balance-sheet carrying amount 2,885,531 thousand yen」
Strategic shareholdings totaled 53 issues, with an aggregate balance-sheet carrying amount of ¥2,885,531 thousand. The company continues its policy of maintaining and strengthening relationships with local companies, business partners and financial institutions. - FY2017First statedAnnual report
「Shares held for purposes other than pure investment: 53 issues; total balance-sheet carrying amount: ¥2,761,027 thousand」
The company discloses strategic shareholdings held to maintain relationships with local companies, maintain and strengthen business relationships, and facilitate financing and other financial transactions.