Reviewing the rationale for strategic shareholdings and reducing holdings
First written in FY2019. 6 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The company held the shares as those of an important business partner, but sold all of them during the fiscal year because the significance of continued ownership had diminished.」
Regarding cross-shareholdings, the company sold all 840 shares of Mitsubishi UFJ Financial Group because the rationale for continued ownership had diminished. The policy of verifying the rationale for continued ownership has resulted in a specific reduction. - FY2021AdvancedAnnual report
「The company acquired Class E preferred shares issued by Sensyn Robotics, Inc. for a capital and business alliance with the company.」
As a cross-shareholding, the company acquired Class E preferred shares of Sensyn Robotics for the purpose of a capital and business alliance. The acquisition cost was ¥300.006 million. - FY2021-Q3AdvancedAnnual report
「Total assets at the end of the third quarter consolidated accounting period increased ¥443 million from the end of the previous consolidated fiscal year to ¥15,215 million. This was mainly because notes and accounts receivable increased by ¥593 million as the number of projects for which revenue is recognized over a period of time increased toward the end of the third quarter consolidated accounting period, while investment securities increased by ¥393 million through investments in DX-related companies and other transactions,」
Investment securities increased ¥393 million from the end of the previous consolidated fiscal year through investments in DX-related companies and other transactions. The company has specifically shown growth-area investment as an increase in assets. - FY2021-Q2AdvancedAnnual report
「This was mainly because tangible fixed assets, including buildings, increased by ¥183 million in connection with the opening of the Ariake office, and investment securities increased by ¥592 million through investments in DX-related companies and other transactions, while cash and deposits decreased by ¥69 million to fund those acquisitions and guarantee deposits decreased by ¥57 million through collection.」
Investment securities increased ¥592 million through investments in DX-related companies and other transactions. Continued capital alliances and investment in growth areas are reflected in the increase in assets. - FY2021-Q1AdvancedAnnual report
「Investment securities increased by ¥306 million through investments in DX-related companies and other transactions.」
Investment securities at the end of the first quarter increased ¥306 million from the end of the previous fiscal year through investments in DX-related companies and other transactions. Investment in capital and business alliances in growth areas is progressing. - FY2020AdvancedAnnual report
「The company acquired Class E preferred shares issued by Cogent Labs Inc. for a capital and business alliance with the company.」
As a cross-shareholding, the company acquired Class E preferred shares of Cogent Labs for the purpose of a capital and business alliance and recorded an acquisition cost of ¥299.989 million. The accounting department and the Board of Directors verify the rationale for continued ownership each quarter. - FY2019First statedAnnual report
「The company plans to continue holding investment shares held for purposes other than pure investment, hereinafter referred to as "cross-shareholdings," when it determines that the shares contribute to establishing stable business relationships, maintaining or strengthening business alliances based on the alliance strategy that forms part of its medium- to long-term management strategy, and enhancing corporate value over the medium to long term.」
The company stated for the first time that it would use the maintenance and strengthening of stable business and alliance relationships, and contribution to corporate-value enhancement, as criteria for continuing to hold cross-shareholdings, and that the Board of Directors would decide to sell shares whose significance of continued ownership had diminished.