Cross-shareholdings intended to maintain and strengthen business relationships
First written in FY2016. 2 of 11 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
79 other companies' latest entry also says "Other".
- FY2024-Q1Decision to sell all JSR sharesAnnual report
「Number of shares held before tendering 162,400 shares Number of shares tendered 162,400 shares Number of shares held after tendering 0 shares」
As a subsequent event, the company decided to tender its 162,400 shares of JSR Corporation in the tender offer and indicated a policy of holding zero shares after the tender. - FY2023Continued reduction in the number of holdingsAnnual report
「Unlisted shares 4 140,960 Shares other than unlisted shares 17 6,154,867 Stocks for which the number of shares decreased during the fiscal year Shares other than unlisted shares 2 667,267」
The total number of strategic shareholdings decreased to 21 from 22 in the previous fiscal year. The company continued to review them by comparison with WACC and sold 2 listed stocks. - FY2022Continued reduction in the number of holdingsAnnual report
「At a Board of Directors meeting held in January 2022, the company reviewed, for each stock held as of the end of November 2021, the amount of business transactions over the preceding 5 years and the benefits and risks of holding the shares in comparison with the cost of capital (WACC). Based on the results of the review, the company considered and executed the purchase and sale of certain shares. Unlisted shares 4 Shares other than unlisted shares 18」
The company continued to review strategic shareholdings by comparison with WACC, purchasing 1 stock and selling 2. The number of holdings decreased from 24 in the previous fiscal year to 22. - FY2021Reduction in holdings and continued buying and sellingAnnual report
「At a Board of Directors meeting held in February 2021, the company reviewed, for each stock held as of the end of November 2020, the amount of business transactions over the preceding 5 years and the benefits and risks of holding the shares in comparison with the cost of capital (WACC). Based on the results of the review, the company considered and executed the purchase and sale of certain shares.」
The company continued to review strategic shareholdings by comparison with WACC, purchasing 3 stocks and selling 6. The holdings totaled 24 stocks, comprising 4 unlisted stocks and 20 listed stocks. - FY2021-Q3Increase in valuation differences on shares heldAnnual report
「This was mainly due to an increase of ¥2,384 million in retained earnings and an increase of ¥368 million in the valuation difference on other securities relating to shares held to maintain business relationships, among other factors.」
The valuation difference on other securities relating to shares held to maintain business relationships increased by ¥368 million. - FY2021-Q2Increase in valuation differences on shares heldAnnual report
「Increase of ¥344 million in investment securities due to an increase in the valuation difference on shares held to maintain business relationships, among other factors」
Investment securities held to maintain business relationships increased by ¥344 million due to an increase in valuation differences, among other factors. No change in the number of holdings or the review policy was stated. - FY2020Continued reduction in the number of holdingsAnnual report
「Unlisted shares 4 Shares other than unlisted shares 21 At a Board of Directors meeting held in February 2020, the company reviewed, for each stock held as of the end of November 2019, the amount of business transactions over the preceding 5 years and the benefits and risks of holding the shares in comparison with the cost of capital (WACC). Based on the results of the review, the company considered and executed the sale of certain shares.」
The number of holdings decreased from 26 in the previous fiscal year to 25, and 2 stocks were sold based on a review that included comparison with WACC. - FY2019Reduction in holdings and clarification of the review methodologyAnnual report
「The shares held are reported to the Board of Directors periodically. For each individual stock, the company comprehensively considers the maintenance and strengthening of business relationships, the benefits of holding the shares over the medium to long term, and whether the benefits and risks associated with holding them are commensurate with the cost of capital, among other factors, and examines whether it is appropriate to continue holding them. Unlisted shares 4 Shares other than unlisted shares 22 」
The company specified its methodology for reviewing whether it is appropriate to hold strategic shareholdings, including comparison with the cost of capital. The total number of holdings was 26, with a balance-sheet carrying amount of approximately ¥5,235 million, and 2 stocks were sold during the fiscal year. - FY2019-Q1RestatedAnnual report
「Decrease of ¥302 million in investment securities due to a decrease in the valuation difference on shares held to maintain business relationships」
The company continued to disclose its holdings of shares for the purpose of maintaining business relationships, and also indicated a decrease in investment securities due to a decrease in valuation differences. - FY2018RestatedAnnual report
「The company held 27 investment stocks for purposes other than pure investment, with a total balance-sheet carrying amount of ¥5,899.362 million. The purpose of holding them was to maintain and strengthen business relationships.」
The company held 27 investment stocks for purposes other than pure investment to maintain and strengthen business and financial relationships. Their balance-sheet carrying amount was ¥5,899 million. - FY2016First statedAnnual report
「The company held 27 investment stocks for purposes other than pure investment, with a total balance-sheet carrying amount of ¥5,320.222 million. The purpose of holding them was to maintain and strengthen business relationships.」
The company disclosed that it held 27 investment stocks for purposes other than pure investment, mainly to maintain and strengthen business relationships.