Cross-shareholdings held as stable shareholdings for long-term ownership
First written in FY2017. . Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Updated the number and balance of policy-held sharesAnnual report
「Unlisted shares 6 ¥68 million; shares other than unlisted shares 2 ¥610 million」
Cross-shareholdings comprised 6 unlisted issues with a value of ¥68 million and 2 listed issues with a value of ¥610 million. The annual review by the board of directors of whether the holdings should be retained also continues. - FY2023Increase in listed cross-shareholding balancesAnnual report
「Unlisted shares 5 ¥20 million; shares other than unlisted shares 3 ¥550 million」
The company continues its policy on cross-shareholdings and annual board review. Holdings comprised 5 unlisted issues and 3 listed issues, with balance sheet carrying amounts of ¥20 million for unlisted shares and ¥550 million for listed shares. - FY2022Sale of 1 cross-shareholding and increase in the balanceAnnual report
「At a meeting of the board of directors held on 15 June 2022, the company comprehensively considered the appropriateness of the purpose of holding its cross-shareholdings, the company’s cost of capital (WACC), total shareholder return on the holdings, the status of transactions with the investee companies, including group companies, and the risk of share price fluctuations. Following its review of the appropriateness of holding the shares, it determined that continuing to hold them was appropriate because they contribute to the company’s business operations from a medium- to long-term perspective.」
The company conducted its annual board review and determined to continue holding the shares. Holdings stood at 5 unlisted issues and ¥20 million and 3 listed issues and ¥433 million. The number of listed issues decreased from 4 and ¥379 million in the previous fiscal year, while their valuation increased. - FY2021Increase in the valuation of cross-shareholdings and review resultsAnnual report
「At a meeting of the board of directors held on 14 June 2021, the company comprehensively considered the appropriateness of the purpose of holding its cross-shareholdings, the company’s cost of capital (WACC), total shareholder return on the holdings, the status of transactions with the investee companies, including group companies, and the risk of share price fluctuations. Following its review of the appropriateness of holding the shares, it determined that continuing to hold them was appropriate because they contribute to the company’s business operations from a medium- to long-term perspective.」
The board of directors conducted its annual review and determined that continuing to hold the shares was appropriate. The holdings comprised 5 unlisted issues and 4 listed issues, and the carrying amount of the listed shares was ¥379 million. - FY2020Decline in cross-shareholding balances and clarification of the review policyAnnual report
「From a medium- to long-term perspective, the company holds shares as a matter of policy when it determines that doing so will contribute to its business operations. Once a year, the board of directors also verifies the appropriateness of holding each cross-shareholding from such perspectives as the status of transactions with the investee company, whether the purpose of holding it is appropriate and whether the benefits and risks associated with holding it are commensurate with the cost of capital.」
The company specified that the board of directors reviews cross-shareholdings once a year and that, in principle, it will sell holdings deemed inappropriate. Holdings stood at 5 unlisted issues with a value of ¥20 million and 4 listed issues with a value of ¥280 million. - FY2019Updated the balance of strategic shareholdingsAnnual report
「From a medium- to long-term perspective, the company holds shares as a matter of policy when it determines that doing so will contribute to its business operations. The board of directors also verifies the appropriateness of holding each cross-shareholding from such perspectives as whether the purpose of holding it is appropriate and whether the benefits and risks associated with holding it are commensurate with the cost of capital.」
The company specified its policy for holding cross-shareholdings and the board’s review taking the cost of capital into consideration. The number of issues was 9, and the balance sheet carrying amount, including unlisted shares, was approximately ¥395 million. - FY2018Fewer holdings and lower balance-sheet value of cross-shareholdingsAnnual report
「Number of issues 9 issues; total balance sheet carrying amount ¥459 million」
While continuing to state the purpose of holding the shares as “stable shareholdings held for long-term ownership,” the number and carrying amount of cross-shareholdings decreased from 19 issues and ¥1,131 million in the previous fiscal year to 9 issues and ¥459 million. - FY2017First statedAnnual report
「As stable shareholdings held for long-term ownership」
For specified investment shares, the company explains the purpose of holding several issues as stable shareholdings held for long-term ownership. The company holds 19 cross-shareholdings, with a total balance sheet carrying amount of ¥1,131 million.