Strategic Shareholdings for Strengthening Business Relationships and Annual Review
First written in FY2019. 2 of 6 entries say "Advanced", first in FY2023. Latest entry: 2026-05-15.
The whole theme swung hardest in 2019: 17 of 137 companies on the "Worse" side.
69 other companies' latest entry also says "Advanced".
- 2026-05-15AdvancedType of presentation
「At the same time, we will also improve capital efficiency by reducing assets, including reducing cross-shareholdings.」
The policy became more specific, shifting from reviewing whether to continue holding or sell cross-shareholdings to improving capital efficiency by reducing them. - FY2025Acquisition of cross-held sharesAnnual report
「Issue whose number of shares increased during the fiscal year: Shares other than unlisted shares, 1 issue, ¥0 million. The issuing company’s subsidiary has business dealings mainly in the functional sheet business, and the acquisition was made to maintain and develop a favorable business relationship.」
While continuing its policy of an annual review of whether to continue holding or sell shares, the Company acquired 1 issue issued by a subsidiary of an issuer with which it has business dealings in the functional sheet business. - FY2024Continued sale of cross-shareholdingsAnnual report
「Issues whose number of shares decreased during the fiscal year: Shares other than unlisted shares, 1 issue, ¥43 million」
The Company continued its policy of conducting an annual review and sold 1 listed issue during the fiscal year. - FY2023AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: Shares other than unlisted shares, 3 issues, ¥302 million」
As part of the annual review of policy shareholdings, the Company sold 3 listed issues during the fiscal year for ¥302 million. - FY2020RestatedAnnual report
「Once a year, the Executive Officer Meeting and the Board of Directors assess all listed-shareholdings based on their carrying and market values, direct and indirect transaction amounts, and the outlook for future transactions, and review the policy of holding or selling each issue.」
The Company continues its policy of holding shares to strengthen business relationships and conducting an annual review of whether to continue holding or sell them. - FY2019First statedAnnual report
「As a general rule, the Company does not hold shares for pure investment purposes and invests only in shares to strengthen business relationships and exercise voting rights. … Once a year, the Executive Officer Meeting and the Board of Directors assess all listed-shareholdings based on their carrying and market values, direct and indirect transaction amounts, and the outlook for future transactions, and review the policy of holding or selling each issue.」
The Company stated its policy of holding shares to strengthen business relationships and for other purposes rather than pure investment, together with an annual review of whether to continue holding or sell them.