Strategic shareholdings held to maintain and strengthen business relationships and enhance corporate value
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2025.
Koryojyuhan moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Although the business relationship with Yamato Transport has continued, the Company determined that the rationale for continuing to hold the shares as policy holdings had diminished from the perspective of strengthening the relationship for management-strategy purposes and creating synergies, and changed the holding purpose to pure investment.」
Although the business relationship continues, the purpose of holding Yamato Holdings shares was changed from policy holding to pure investment. - FY2024AdvancedAnnual report
「Non-unlisted shares 3 22,351 Regular purchases through an employee shareholding association and off-auction purchases to maintain and strengthen business relationships」
For the purpose of maintaining and strengthening business relationships, the Company acquired additional holdings in 3 policy-held issues other than unlisted shares for ¥22.351 million, bringing the number of holdings to 6 issues. - FY2023AdvancedAnnual report
「Issues whose number of shares increased during the fiscal year Non-unlisted shares 2 3,535 Regular purchases through an employee shareholding association and market purchases to maintain and strengthen business relationships」
For the purpose of maintaining and strengthening business relationships, the Company acquired additional holdings in 2 policy-held issues other than unlisted shares for ¥3.535 million. - FY2022Additional acquisition of cross-shareholdingsAnnual report
「Issues whose number of shares increased during the fiscal year Non-unlisted shares 3 53,415 Regular purchases through an employee shareholding association and market purchases to maintain and strengthen business relationships」
For the purpose of maintaining and strengthening business relationships, the Company acquired additional holdings in 3 policy-held issues other than unlisted shares for ¥53.415 million. - FY2021AdvancedAnnual report
「Shares acquired to maintain and strengthen business relationships will be held on the premise that those relationships will continue. The Board of Directors will also review the rationale for holding the shares and, if it determines that the significance of a holding has diminished, will dispose of the shares promptly and appropriately pursuant to a Board resolution.」
The Board of Directors reviewed the rationale for policy-held shares, and all shares of Japan Tobacco and Tsukuba Bank were sold. The number of holdings other than unlisted shares fell to 5 issues, giving concrete effect to the holding policy through actual disposals. - FY2020First statedAnnual report
「Shares acquired to maintain and strengthen business relationships will be held on the premise that those relationships will continue. The Board of Directors will also review the rationale for holding the shares and, if it determines that the significance of a holding has diminished, will dispose of the shares promptly and appropriately pursuant to a Board resolution.」
The policy for policy-held shares acquired to maintain and strengthen business relationships was disclosed systematically for the first time, including continued holding, a review of rationale by the Board of Directors and disposal if the significance of a holding diminishes.