Review of the rationale for holding investment shares and decisions on reducing holdings
First written in FY2022. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2025-H1.
- FY2025-H1Impairment of investment shares and elimination of the carrying balanceAnnual report
「The carrying amounts on the interim balance sheet of shares without a market price are as follows. (Unit: thousand yen) Category 31 March 2024 30 September 2024 Shares 90,000 － During the interim accounting period, an impairment loss of ¥90 million was recognized on shares classified as other securities.」
Shares without a market price recorded at ¥90 million at the end of the previous fiscal year were no longer recorded at the end of the interim period, and an impairment loss of the same amount was recognized. The disclosure concerning the rationale for holding investment shares and reducing holdings changed from confirming the holding to the elimination of the balance following impairment. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors, we reviewed the appropriateness of the purpose of holding the shares and their profitability, and confirmed that holding them was appropriate from the perspectives of the purpose of holding and profitability.」
The disclosure stated that, compared with no holdings in the previous fiscal year, the company held 180 Hexabase shares valued at ¥90 million, for the purpose of creating new business opportunities. - FY2024-Q2Commencement of holdings of investment securitiesAnnual report
「The carrying amounts on the quarterly balance sheet of shares without a market price are as follows. (Unit: thousand yen) Category 31 March 2023 30 September 2023 Shares － 90,000」
Shares without a market price, which were not held as of the end of FY2023, were recorded at ¥90 million as of the end of FY2024-Q2. The disclosure changed from the prior fiscal year, when the company stated that it held no investment shares. - FY2023AdvancedAnnual report
「We hold neither shares held for pure investment purposes nor shares held for purposes other than pure investment.」
Regarding the review of the rationale for holding investment shares and the policy on reducing holdings, it was disclosed that, as of the end of the fiscal year, no shares were held either for pure investment purposes or for policy-holding purposes. - FY2022First statedAnnual report
「When we hold investment shares, we classify and hold shares intended to generate returns through changes in share value or dividends by using surplus funds as investment shares held for pure investment purposes, and shares intended to establish stable business relationships or maintain and strengthen business alliances in line with our growth strategy as investment shares held for purposes other than pure investment. When investment shares are held, we confirm the rationale for each holding every year, decide whether to reduce the holding, and verify the matter at a meeting of the Board of Directors.」
The policy of classifying investment shares as held for pure investment purposes or for other purposes, and annually reviewing the rationale for holding them and whether to reduce the holdings at Board of Directors meetings, was disclosed for the first time.