Cross-shareholdings to maintain and strengthen business relationships
First written in FY2017. 6 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
68 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We hold the minimum necessary cross-shareholdings for the purposes of maintaining and strengthening business relationships and pursuing business and capital alliances. For cross-shareholdings, we conduct a comprehensive review of the appropriateness of the holding purpose and the economic rationality of the returns and risks associated with the holdings, review each year whether to continue holding them, and reduce holdings judged to have limited necessity.」
The cross-shareholdings comprised 45 unlisted and 41 listed issues, and 13 listed issues were sold during the current fiscal year for ¥26,710 million. The policy of holding only the minimum necessary investments and reducing holdings is being implemented. - FY2023AdvancedAnnual report
「We hold the minimum necessary cross-shareholdings for the purposes of maintaining and strengthening business relationships and pursuing business and capital alliances. For cross-shareholdings, we conduct a comprehensive review of the appropriateness of the holding purpose and the economic rationality of the returns and risks associated with the holdings, review each year whether to continue holding them, and reduce holdings judged to have limited necessity.」
The policy for cross-shareholdings has been maintained. During the current fiscal year, we held 51 unlisted and 68 listed issues, while selling 4 issues for ¥2,283 million. - FY2021AdvancedAnnual report
「For cross-shareholdings, we conduct a comprehensive review of the appropriateness of the holding purpose and the economic rationality of the returns and risks associated with the holdings, review each year whether to continue holding them, and reduce holdings judged to have limited necessity.」
The cross-shareholdings comprise 52 unlisted and 72 listed securities, for a total of 124 issues. During the current fiscal year, 4 issues were sold for ¥859 million as part of the reduction of holdings. - FY2019AdvancedAnnual report
「For cross-shareholdings, we conduct a comprehensive review of the appropriateness of the holding purpose and the economic rationality of the returns and risks associated with the holdings, review each year whether to continue holding them, and reduce holdings judged to have limited necessity.」
The policy for cross-shareholdings specifies annual reviews of whether holdings should be retained and reductions in securities deemed to have limited necessity. - FY2017First statedAnnual report
「We hold these investments for the purpose of building, maintaining and strengthening business relationships over the medium to long term.」
We hold 136 investment securities for purposes other than pure investment, with a total balance-sheet value of ¥54,087 million. Their primary purpose is to build, maintain and strengthen business relationships.