Verification of the rationale for holding strategic shareholdings to maintain and strengthen business relationships
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026RestatedAnnual report
「Shares other than unlisted shares 20 ¥10,307 million」
For cross-shareholdings, the company disclosed 20 issues with a carrying amount on the balance sheet of ¥10,307 million and continues its policy of having the board of directors verify the rationale for the holdings based on relationships, dividend yields, valuation gains and other factors. - FY2025AdvancedAnnual report
「Shares other than unlisted shares 20 ¥7,679 million」
For cross-shareholdings, the company disclosed 20 issues other than unlisted shares, with a carrying amount on the balance sheet of ¥7,679 million, and stated that the number of shares increased for 1 issue, at an acquisition cost of ¥44.528 million, while shares in 1 issue were sold. - FY2024AdvancedAnnual report
「Shares other than unlisted shares 2 ¥148 million The company mainly conducts transactions with this company involving paper and pulp felts, one of the Group's principal products. The number of shares increased through acquisitions via the business partner stock ownership association and other acquisitions intended to further develop the business relationship, with the aim of maintaining and expanding its share on a stable, long-term basis.」
The company disclosed an increase in its cross-shareholdings by 2 issues, with a total acquisition cost of ¥148 million, citing the maintenance and development of its business relationship involving paper and pulp felts. - FY2023RestatedAnnual report
「The company mainly conducts transactions with this company involving paper and pulp felts, one of the Group's principal products. The number of shares increased through the business partner stock ownership association for the purpose of maintaining and expanding its share on a stable, long-term basis.」
The company continues to hold cross-shareholdings from the perspective of maintaining and expanding business relationships and to have the board of directors verify the rationale for the holdings. - FY2020AdvancedAnnual report
「The company recorded a ¥48 million gain on sales of investment securities associated with the reduction of cross-shareholdings under extraordinary gains,」
The company disclosed an actual reduction in cross-shareholdings, recording a ¥48 million gain on sales of investment securities associated with the reduction, under a policy of having the board of directors verify the rationale for the holdings based on relationships, dividend yields, valuation gains and other factors. - FY2019First statedAnnual report
「The company holds what are commonly referred to as cross-shareholdings when necessary, based on a comprehensive assessment from the perspective of maintaining and strengthening business relationships and other factors, with the aim of contributing to the enhancement of corporate value over the medium to long term.」
The company states that it holds cross-shareholdings to maintain and strengthen business relationships and for other reasons, and that each fiscal year its board of directors verifies the rationale for the holdings based on the relationships, dividend yields, valuation gains and other factors.