Strategic Shareholdings Based on Business Relationships and Their Reduction
First written in FY2019. 5 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025AdvancedAnnual report
「We sold 3 issues other than unlisted shares.」
While maintaining its policy of holding shares based on business relationships, the Company sold 3 listed-share holdings and recorded total sales proceeds of ¥175 million and a gain on sale of ¥71 million. - FY2025-H1AdvancedAnnual report
「This was mainly attributable to ¥175 million in proceeds from the sale of investment securities, among other factors.」
The Company recorded ¥175 million in proceeds from the sale of investment securities during the interim consolidated accounting period, confirming the implementation of cash-flow improvement through the sale of assets including cross-shareholdings. - FY2024-Q3RestatedAnnual report
「In addition, from a financial perspective, the Company is proceeding with the sale of assets such as cross-shareholdings and company housing, as well as measures to improve cash flow.」
The policy of improving cash flow through the sale of assets such as cross-shareholdings and company housing remains in place. - FY2024-Q2RestatedAnnual report
「In addition, from a financial perspective, the Company is proceeding with the sale of assets such as cross-shareholdings and company housing, as well as measures to improve cash flow.」
The policy of improving cash flow through the sale of assets such as cross-shareholdings and company housing remains in place. No new results, such as the amount of completed sales, have been disclosed. - FY2023AdvancedAnnual report
「Of the holdings whose number of shares declined during the fiscal year, 2 non-listed-share holdings were excluded, and 2 other holdings were sold.」
After reviewing the rationale for its cross-shareholdings, the Company sold 2 listed-share holdings and recorded total proceeds of ¥83 million. - FY2023-Q3RestatedAnnual report
「In addition, from a financial perspective, we are working to stabilise our financial base by proceeding with the sale of assets, including cross-shareholdings and company housing, and by raising funds under a term loan agreement associated with the syndicated loan agreement executed on 23 December 2022, as well as through a committed term loan agreement.」
The Company continues to sell assets such as cross-shareholdings and company housing as a financial improvement measure. - FY2023-Q2RestatedAnnual report
「In addition, from a financial perspective, the Company is proceeding with the sale of assets such as cross-shareholdings and company housing. As it expects to secure the funds required after discussions with its financial institutions, it believes there are no concerns regarding its cash position.」
A policy of continuing to sell assets such as cross-shareholdings and company housing as a financial improvement measure has been stated. - FY2022AdvancedAnnual report
「Of the holdings whose number of shares declined during the fiscal year, 3 non-listed-share holdings were excluded, and 3 other holdings were sold.」
While maintaining its policy of holding shares based on business relationships and regularly reviewing the rationale for each holding, the Company sold 3 listed-share holdings during the year. - FY2020AdvancedAnnual report
「During the fiscal year, based on the results of this review, the Company determined that it was appropriate to sell several holdings and completed the sales.」
The Company completed the sale of several holdings based on its review of the rationale for holding them, putting its policy of reducing cross-shareholdings into concrete action. - FY2019First statedAnnual report
「We strategically hold listed shares when we determine that doing so is necessary to build good relationships with business partners and facilitate the smooth advancement of our business, thereby supporting sustainable growth and enhancing social and economic value. We will review the rationale for such holdings as appropriate and reduce holdings of investment shares whose significance is insufficient or which are inconsistent with our capital policy.」
A policy of holding cross-shareholdings to strengthen relationships with business partners has been stated for the first time, with plans to reduce holdings that are of insufficient significance or do not align with capital policy.