Strategic cross-shareholdings to maintain and strengthen business strategies and business relationships
First written in FY2021. 3 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 136 companies on the "Worse" side.
- FY2026Change in the purpose of holding part of the strategic cross-held shares to pure investmentAnnual report
「SoftBank Group Corp. shares had been held to maintain and strengthen the business relationship, but as the significance of holding them as strategic cross-held shares declined, the company changed the purpose of holding those shares to pure investment as of the end of the fiscal year.」
The company changed the classification of its SoftBank Group Corp. shares from strategic cross-holdings to pure investment because the significance of holding them had declined, although they had been held to maintain and strengthen the business relationship. - FY2024AdvancedAnnual report
「Among shares other than unlisted shares, 1 issue increased in number during the fiscal year. The total acquisition cost related to the increase was ¥1.888 million, and the shares were acquired through an employee stock ownership association for business partners.」
The company continued to acquire strategic cross-held shares through an employee stock ownership association for business partners, with the acquisition cost related to the increase during the fiscal year totaling ¥1.888 million. - FY2023AdvancedAnnual report
「Among shares other than unlisted shares, 1 issue increased in number during the fiscal year. The total acquisition cost related to the increase was ¥1.823 million, and the shares were acquired through an employee stock ownership association for business partners.」
The company continued to acquire strategic cross-held shares through an employee stock ownership association for business partners, with the acquisition cost related to the increase during the fiscal year totaling ¥1.823 million. - FY2022AdvancedAnnual report
「Among shares other than unlisted shares, 1 issue increased in number during the fiscal year. The total acquisition cost related to the increase was ¥1.736 million, and the shares were acquired through an employee stock ownership association for business partners.」
The company states that it acquired 1 issue of strategic cross-held shares through an employee stock ownership association for business partners, at a cost of ¥1.736 million. - FY2021First statedAnnual report
「The company does not hold shares for pure investment purposes and holds only strategic cross-shareholdings that also serve important management objectives other than pure investment, such as strengthening relationships through business alliances.」
The company states that it holds strategic cross-shareholdings not for pure investment purposes but to maintain and strengthen business alliances and business relationships, and that the Board of Directors verifies the rationale for continuing to hold them.