Cross-Shareholdings Held to Develop and Maintain Business Relationships
First written in FY2017. 5 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
4 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「We will continue reducing strategic shareholdings from the fiscal year ending March 2027 onward, with the aim of bringing strategic shareholdings to 10% or less of consolidated net assets by the end of the fiscal year ending March 2029, the final year of the 2028 Medium-Term Management Plan.」
The ratio of strategic shareholdings was 14.3% in the fiscal year ending March 2026, achieving the previous target of 15% or less under the 2025 Medium-Term Management Plan. We also set a new reduction target of 10% or less by the fiscal year ending March 2029. - 2026-05-28AdvancedGeneral Meetings of Shareholders
「In fiscal 2025, we sold 14 listed shares other than unlisted shares, including partial sales. One holding of unlisted shares also decreased as a result of the liquidation of the company concerned. The ratio of net assets as of the end of March 2026 was 14.3%.」
The disclosure states that the number of policy-held shares sold increased and that the ratio of net assets fell to 14.3%. - FY2025AchievedAnnual report
「The 2025 Medium-Term Management Plan set a target of keeping strategic shareholdings at 15% or less of consolidated net assets. In the fiscal year ended March 2025, the sale of some strategic shareholdings reduced the ratio of strategic shareholdings to consolidated net assets to 14.8%, achieving the target set in the 2025 Medium-Term Management Plan.」
The plan target of keeping strategic shareholdings at 15% or less of consolidated net assets was achieved at 14.8%. The number of holdings other than unlisted shares was 29, and 8 issues were sold. - FY2024AdvancedAnnual report
「Shares other than unlisted shares comprised 35 issues, valued at ¥46,691 million.」
We sold 5 issues of strategic shareholdings, reducing the number of holdings other than unlisted shares from 48 in the previous fiscal year to 35. The Board of Directors verified the rationale for the holdings, and we continue our policy of reducing holdings whose significance has diminished. - FY2022AdvancedAnnual report
「Shares other than unlisted shares 48 44,269」
We sold 9 issues of strategic shareholdings, reducing the number of holdings other than unlisted shares from 57 in the previous fiscal year to 48. We continue to reduce holdings whose significance has diminished and to have the Board of Directors verify their rationale. - FY2021AdvancedAnnual report
「We sold 9 issues of shares other than unlisted shares.」
Based on a review of the rationale for holding strategic shareholdings, we sold 9 issues. The number of holdings decreased from 64 in the previous fiscal year to 57. - FY2020AdvancedAnnual report
「The company sold 10 issues other than shares in unlisted companies.」
As a result of verifying the rationale for its cross-shareholdings, the company sold 10 issues. At the end of the fiscal year, it disclosed holdings of 30 unlisted issues and 64 listed issues. - FY2019ReframedAnnual report
「Under its basic policy of reducing cross-shareholdings whose significance is considered limited, the company reviews each holding individually every year at meetings of the Board of Directors and reassesses whether to continue holding it.」
In addition to its policy of holding shares to maintain and strengthen business relationships, the company explicitly stated that it verifies the rationale for each holding annually and reduces holdings whose significance is limited. - FY2017First statedAnnual report
「Among the investment shares, the number of issues held for purposes other than pure investment and their total amount recorded on the balance sheet: 111 issues, ¥48,680 million」
The company held 111 investment shares for purposes other than pure investment, with a balance-sheet carrying amount of ¥48,680 million, and identified the purpose of holding its principal issues as developing and maintaining business relationships.