Strategic shareholdings held to facilitate business relationships
First written in FY2017. 10 of 12 entries say "Advanced", first in FY2019. Latest entry: 2026-08-05.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year ... Unlisted shares 1 75; shares other than unlisted shares 4 234」
Based on its assessment of the rationale for cross-shareholdings, the company sold 1 unlisted and 4 listed holdings. At fiscal year-end, it held 2 unlisted and 17 listed holdings, down from the previous fiscal year. - FY2025AdvancedAnnual report
「Based on the results of its assessment of cross-shareholdings, the company withdrew from the employee stock ownership plan in January 2024 and began selling holdings in June 2024. ... Based on the results of its assessment of cross-shareholdings, the company sold holdings in December 2024.」
Based on its annual assessment of the rationale for continued ownership, the company proceeded with the sale of multiple holdings. Cross-shareholdings consisted of 3 unlisted and 21 listed holdings, down from 28 holdings in the previous fiscal year. - FY2023AdvancedAnnual report
「Based on the results of its assessment of cross-shareholdings, the company withdrew from the employee stock ownership plan in June 2022 and sold shares held in August 2022.」
Based on its annual assessment of the rationale for continued ownership, the company sold shares in Marubeni Corporation and Nippon Kayaku Co., Ltd., reducing its cross-shareholdings to 28 holdings. The assessment of the rationale for ownership was acted on through actual sales. - FY2022RestatedAnnual report
「Whether to continue holding cross-shareholdings is determined once a year at a regular meeting of the board of directors through a comprehensive assessment based on quantitative verification taking into account the company's cost of capital and qualitative verification of business necessity and other factors.」
Based on the results of its assessment of cross-shareholdings, the company conducted a review at the regular board meeting held on 26 November 2021 and continued its policy of making a determination once a year based on the cost of capital and business necessity. - FY2020AdvancedAnnual report
「If the results of the assessment identify shares for which continued ownership cannot be justified, we will consult with the investee as a shareholder and, if no improvement is achieved, sell the shares as appropriate and in an appropriate manner.」
The company continued to assess the rationale for its cross-shareholdings and sold 3 holdings during the fiscal year. At fiscal year-end, it held 3 unlisted and 30 listed holdings. - FY2019AdvancedAnnual report
「Whether to continue holding cross-shareholdings is determined once a year at a regular meeting of the board of directors through a comprehensive assessment based on quantitative verification taking into account the company's cost of capital and qualitative verification of business necessity and other factors.」
The company specified a procedure for conducting annual quantitative verification of cross-shareholdings based on the cost of capital and qualitative verification of business necessity. It also stated a policy of selling shares whose rationale could not be established, and sold some holdings in April 2019. - FY2017First statedAnnual report
「We hold them primarily to facilitate business relationships and other dealings.」
The company holds 36 securities for purposes other than pure investment, with a total balance-sheet carrying amount of ¥2,379 million, and explains that their principal purpose is to facilitate business relationships and other dealings.