Management of Acquisitions, Disposals and Voting Rights of Strategic Shareholdings
First written in FY2019. 4 of 8 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
「(Issues for which the number of shares increased during the fiscal year) Unlisted shares 1 44,096 For capital participation Shares other than unlisted shares 1 2,228 Because the Company determined that the investment could contribute to improving corporate value over the medium to long term」
For cross-shareholdings, the Company acquired 1 unlisted issue for ¥44.096 million for the purpose of capital participation and 1 listed issue for ¥2.228 million with the aim of improving corporate value. Meanwhile, it sold 1 unlisted issue and 2 listed issues. - FY2024Acquired ¥30 million in cross-shareholdingsAnnual report
「Unlisted shares 1 30,000 For capital participation」
The Company acquired 1 unlisted issue for ¥30 million for the purpose of capital participation. The policy of managing the acquisition and disposal of cross-shareholdings through the investment division and the Board of Directors remains in place. - FY2024-Q1AdvancedAnnual report
「The Company sold part of its investment securities. As a result, a gain on the sale of investment securities, recorded as an extraordinary gain, will be recognized for the second quarter of the fiscal year ending October 2023. Reason for sale: To review cross-shareholdings under the Corporate Governance Code, improve asset efficiency and strengthen the financial position. Shares sold: 1 issue of U.S.-listed shares held by the Company Sale period: 25 July 2023 to 2 August 2023 (New York local time) Gain on sale of investment securities: ¥228 million」
The Company sold 1 issue of U.S.-listed shares to review cross-shareholdings, improve asset efficiency and strengthen its financial position. A gain on sale of ¥228 million is scheduled to be recognized in the second quarter. - FY2023AdvancedAnnual report
「(Issues for which the number of shares decreased during the fiscal year) Unlisted shares 1 － Shares other than unlisted shares 1 236,646」
For cross-shareholdings, the Company sold 1 unlisted issue and 1 issue that had become listed, with proceeds from the sale of the listed shares totaling ¥236.646 million. - FY2023Acquired 1 cross-shareholding and also changed its purpose to pure investmentAnnual report
「(Issues for which the number of shares increased during the fiscal year) Unlisted shares 1 5,000 For capital participation」
The Company acquired 1 unlisted issue for ¥5 million for the purpose of capital participation. It also changed its shares in ZOA CORPORATION to holdings for pure investment purposes. - FY2021Sold 2 cross-shareholdings without acquiring anyAnnual report
「(Issues for which the number of shares increased during the fiscal year) Not applicable. (Issues for which the number of shares decreased during the fiscal year) Unlisted shares 2 27,608」
No cross-shareholdings were acquired, while 2 unlisted issues were sold for total proceeds of ¥27.608 million. The policies on holding shares and exercising voting rights remain in place. - FY2020AdvancedAnnual report
「When acquiring or disposing of cross-shareholdings, as with shares held for pure investment purposes (operating investment securities), the Company’s investment division considers whether the investment is likely to increase the Group’s cash flow through the realization of capital gains, stronger ties with the investee and other effects.」
For cross-shareholdings, the Company acquired 4 issues for ¥70.045 million and sold 5 issues for ¥17.317 million in FY2020, disclosing specific management policies involving the investment division and the Board of Directors. - FY2019First statedAnnual report
「When acquiring or disposing of cross-shareholdings, as with shares held for pure investment purposes (operating investment securities), the Company’s investment division considers whether the investment is likely to increase the Group’s cash flow through the realization of capital gains, stronger ties with the investee and other effects.」
For cross-shareholdings, the investment division evaluates investments based on the potential for capital gains and cash flow benefits from strengthening relationships with investees, while major holdings require Board approval.