Holding Shares to Maintain and Strengthen Business Relationships
First written in FY2016. 8 of 12 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「As a result, the Company decided to proceed with reducing certain holdings that it determined had become less rational to retain, while seeking the investee companies' understanding through dialogue. The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares are as follows. / Shares other than unlisted shares: 7 holdings, ¥12,968 million」
Regarding strategic shareholdings, the Company continued reducing holdings based on its review of their rationality, selling 7 listed and other holdings for ¥12,968 million during the fiscal year. - 2026-05-21AdvancedGeneral Meetings of Shareholders
「We will continue working to reduce these holdings to enhance our corporate value.」
Cross-shareholdings were reduced from 67 to 48 issues, and the ratio to consolidated net assets declined from 17.2% to 9.0%, with the reduction policy continuing. - FY2025AdvancedAnnual report
「The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares are as follows. / Unlisted shares: – / Shares other than unlisted shares: 9 holdings, ¥18,697 million」
The Company continued reducing strategic shareholdings based on its review of their rationality, selling 9 listed and other holdings for ¥18,697 million during the fiscal year. - FY2024AdvancedAnnual report
「The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares are as follows. / Unlisted shares: – / Shares other than unlisted shares: 7 holdings, ¥17,667 million」
The Company continued reducing strategic shareholdings based on its review of their rationality, selling 7 listed and other holdings for ¥17,667 million and 1 unlisted holding for ¥2 million during the fiscal year. - FY2023AdvancedAnnual report
「As a result, the Company decided to proceed with reducing certain holdings that it determined had become less rational to retain, while seeking the investee companies' understanding through dialogue. The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares were as follows: 7 holdings other than unlisted shares, ¥7,804 million.」
The Company continued reducing strategic shareholdings based on its review of their rationality, selling 7 listed and other holdings for ¥7,804 million during the fiscal year. - FY2022AdvancedAnnual report
「As a result, the Company decided to proceed with reducing certain holdings that it determined had become less rational to retain, while seeking the investee companies' understanding through dialogue. The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares are as follows. / Unlisted shares: 4 holdings, ¥272 million / Shares other than unlisted shares: 10 holdings, ¥18,398 million」
The Company continued reducing strategic shareholdings based on its review of their rationality, selling 10 listed and other holdings for ¥18,398 million and 4 unlisted holdings for ¥272 million during the fiscal year. - FY2021AdvancedAnnual report
「As a result, the Company decided to proceed with reducing certain holdings that it determined had become less rational to retain, while seeking the investee companies' understanding through dialogue. The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares are as follows. / Shares other than unlisted shares: 17 holdings, ¥13,258 million」
The Company continued reducing strategic shareholdings based on its review of their rationality, selling 17 holdings other than unlisted shares during the fiscal year for total proceeds of ¥13,258 million. - FY2020AdvancedAnnual report
「As a result, the Company decided to proceed with reducing certain holdings that it determined had become less rational to retain, while seeking the investee companies' understanding through dialogue. The number of holdings reduced during the fiscal year and the total sale proceeds from the reduction in the number of shares are as follows.」
Regarding strategic shareholdings, the Company sold 9 holdings other than unlisted shares during the fiscal year, for total sale proceeds of ¥16,778 million. - FY2019ReframedAnnual report
「Going forward, where the Company determines from a medium- to long-term perspective that a holding will not contribute to enhancing corporate value, it will proceed with reducing the holding while seeking the investee company's understanding through dialogue. The Board of Directors will review each holding annually, examining its purpose, the benefits and risks associated with holding it, and other factors, and will make a determination after comprehensively considering the business relationship with the company and the creation of synergies.」
The policy of holding shares to strengthen business relationships now explicitly incorporates an annual review of individual holdings and reductions in holdings that do not contribute to enhancing corporate value. The Company also states that it reduced 2 unlisted holdings and 24 listed holdings. - FY2018RestatedAnnual report
「Because the shares are held primarily to strengthen business relationships and enhance corporate value over the medium to long term, the Company has designated them as financial assets measured at fair value through other comprehensive income.」
The Company reaffirmed its policy of holding strategic shareholdings to maintain and strengthen business relationships and enhance corporate value over the medium to long term. - FY2017RestatedAnnual report
「Because the shares are held primarily to strengthen business relationships and enhance corporate value over the medium to long term, the Company has designated them as financial assets measured at fair value through other comprehensive income.」
The Company reaffirmed its policy of holding strategic shareholdings to maintain and strengthen business relationships and enhance corporate value over the medium to long term. - FY2016First statedAnnual report
「Because the shares are held primarily to strengthen business relationships and enhance corporate value over the medium to long term, the Company has designated them as financial assets measured at fair value through other comprehensive income.」
The Company explains that its strategic shareholdings are held to strengthen business relationships with business partners and alliance partners and to enhance corporate value over the medium to long term.