Strategic shareholdings held to maintain business relationships
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company will consider selling or reducing holdings of shares held for strategic purposes whose significance is considered limited.」
The company continues to assess the significance of its strategic shareholdings and consider selling or reducing holdings with limited significance. - FY2024RaisedAnnual report
「8) Review of specified investment shares (unwinding cross-shareholdings)」
In addition to reviewing whether strategic shareholdings remain appropriate and considering their reduction, the company clearly identifies unwinding cross-shareholdings as a specific initiative to improve PBR. - FY2023RestatedAnnual report
「For each policy-held shareholding, the Company will examine the appropriateness of continued ownership by carefully assessing the benefits and risks of holding the shares in relation to the cost of capital, while considering the maintenance and strengthening of comprehensive relationships with business partners.」
The company reaffirms its policy of holding shares for strategic purposes to maintain and strengthen business relationships, and assessing whether holdings remain appropriate based on their benefits, risks and cost of capital. - FY2021RestatedAnnual report
「The company will consider selling or reducing holdings of shares held for strategic purposes whose significance is considered limited.」
The company clearly states its policy of maintaining strategic shareholdings to maintain and strengthen business relationships while considering the sale or reduction of holdings with limited significance. - FY2020RestatedAnnual report
「For each policy-held shareholding, the Company will examine the appropriateness of continued ownership by carefully assessing the benefits and risks of holding the shares in relation to the cost of capital, while considering the maintenance and strengthening of comprehensive relationships with business partners.」
The company reaffirms its policy of holding shares for strategic purposes to maintain and strengthen business relationships, and assessing whether holdings remain appropriate based on their benefits, risks and cost of capital. - FY2019RestatedAnnual report
「For each policy-held shareholding, the Company will examine the appropriateness of continued ownership by carefully assessing the benefits and risks of holding the shares in relation to the cost of capital, while considering the maintenance and strengthening of comprehensive relationships with business partners.」
The company maintains its policy of holding shares for strategic purposes to maintain and strengthen business relationships, and clearly states how it assesses whether holdings remain appropriate based on their benefits, risks and cost of capital. - FY2018First statedAnnual report
「Policy investment to maintain business relationships and for other purposes」
The Company holds 9 investment stocks other than those held for pure investment purposes, with a total balance sheet carrying amount of ¥206,213 thousand, and explains that listed shares are held to maintain business relationships and for other purposes.