Verifying the Rationale for Cross-Shareholdings
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026ReframedAnnual report
「Soulbrain Holdings Co., Ltd. 363,088 － The Company holds these shares because it entered into a capital and business alliance agreement in February 2026 and determined that establishing a collaborative relationship in the high-purity chemicals business and creating new businesses would contribute to enhancing the Company's medium- to long-term corporate value.」
Regarding policy-held shares, the Company moved from holding no listed shares in the previous fiscal year to reporting Soulbrain Holdings shares at ¥1,727 million in connection with the capital and business alliance. - FY2025RestatedAnnual report
「Shares other than unlisted shares － －」
The Company continues to review the rationale for policy-held shares each fiscal year. At the end of the fiscal year, it held no listed shares and reported only 4 unlisted shareholdings. - FY2024AdvancedAnnual report
「Shares other than unlisted shares － －」
While continuing to apply its policy of verifying the rationale for policy-held shares, the Company held no listed shares at the end of the fiscal year, and the balance sheet carrying amount was also zero. - FY2023AdvancedAnnual report
「The Company held shares in Sumitomo Mitsui Trust Holdings, Inc. and Resona Holdings, Inc. because they were its principal transaction financial institutions and the holdings were intended to maintain and strengthen favorable business relationships in financial transactions, including financing. During the fiscal year, the Company sold all of these shares.」
The Company discloses that, under its policy for verifying the rationale for policy-held shares, it sold all shares of the 2 listed financial institutions it had held. - FY2021First statedAnnual report
「At each fiscal year-end, the Company's Board of Directors verifies the rationale for holding policy-held shares (limited to listed shares) based on the items below, and makes a comprehensive assessment of whether the benefits and risks associated with holding them are commensurate with the cost of capital, among other factors.」
The Company newly discloses a policy of reviewing policy-held shares each fiscal year in terms of transaction details, strategic significance, transaction stability, dividends, valuation gains and losses, and other factors.