Holding investment shares for business relationships and business alliances
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
79 other companies' latest entry also says "Other".
- FY2023Reducing or selling investment shareholdingsAnnual report
「1 unlisted share and shares other than unlisted shares -」
At the end of the fiscal year, the Company's cross-shareholdings consisted solely of 1 unlisted share, and it held no shares other than unlisted shares. The Company disclosed that it sold the 1 share other than an unlisted share following the delisting of its investee. - FY2022AdvancedAnnual report
「The number of shares decreased because 15 unlisted stocks and 2 stocks other than unlisted stocks were transferred, through a company split (simplified incorporation-type company split), to the newly established wholly owned subsidiary 株式会社アンビション・ベンチャーズ.」
Certain investment shares, including cross-shareholdings, were transferred to アンビション・ベンチャーズ through a company split, consolidating the investment business in a specialized subsidiary. - FY2021AdvancedAnnual report
「In line with this policy, the Corporate Planning Office evaluates the synergies expected from holding the shares, the business relationships with the companies under consideration, their financial condition and operating results. After also considering evaluations of their financial condition, operating results and other matters by third-party organizations, the Board of Directors decides whether the shares should be held.」
Specifies the review process for cross-shareholdings: evaluation by the Corporate Planning Office of synergies and business relationships, evaluation by third-party organizations, and a decision by the Board of Directors. - FY2020First statedAnnual report
「The company's policy is to hold investment securities for purposes other than pure investment when it determines that holding the securities will help establish stable business relationships, maintain or strengthen business alliances and otherwise contribute to enhancing corporate value over the medium to long term.」
The Company discloses that it uses the maintenance and strengthening of business relationships and business alliances, as well as the enhancement of corporate value over the medium to long term, as criteria for deciding whether to hold cross-shareholdings.