Policy Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2025AdvancedAnnual report
「The company held the shares because the company concerned was an important customer and the holdings were intended to maintain and strengthen the business relationship. Following a review of the rationality of the holdings, the shares were sold during the fiscal year.」
The company continues its Board of Directors review of the rationality of strategic shareholdings and sold shares of Nippon Steel Corporation. The number of holdings other than unlisted shares decreased from 16 to 15. - FY2024AdvancedAnnual report
「Under its basic policy of disposing of or reducing holdings in investment securities whose significance is considered limited as promptly as possible, the company annually reviews each security at meetings of the Board of Directors. It assesses the appropriateness of the holding purpose, growth potential and economic rationality after reviewing transaction status and the operating results, share price, dividends and other matters relating to the investee company. The company states that it is difficult to describe the quantitative benefits of holding specific investment securities. With respect to the rationality of the holdings, the Board of Directors resolved at its meeting held on 26 September 2024 that, in addition to the financial rationality of the benefits from share prices and dividends, the holdings were comprehensively consistent with their purposes from the perspectives of the scale and importance of transactions with the company.」
The company continues its Board of Directors review of strategic shareholdings and sold 52,500 shares of Kansai Paint Co., Ltd. The number of holdings other than unlisted shares decreased from 17 to 16, and the sale proceeds were ¥112,756 thousand. - FY2023RestatedAnnual report
「Under its basic policy of disposing of or reducing holdings in investment securities whose significance is considered limited as promptly as possible, the company annually reviews each security at meetings of the Board of Directors. It assesses the appropriateness of the holding purpose, growth potential and economic rationality after reviewing transaction status and the operating results, share price, dividends and other matters relating to the investee company.」
The company continues its policy of holding shares to maintain and strengthen relationships with business partners, together with its policy of reviewing individual securities annually at meetings of the Board of Directors and reducing holdings. - FY2022Disclosure of the Board of Directors' review resultsAnnual report
「With respect to the rationality of the holdings, the Board of Directors resolved at its meeting held on 27 October 2022 that, in addition to the financial rationality of the benefits from share prices and dividends, the holdings were comprehensively consistent with their purposes from the perspectives of the scale and importance of transactions with the company.」
For strategic shareholdings, the company specifically disclosed the results of the Board of Directors' review of the rationality of the holdings. It held 2 unlisted securities and 17 other securities, and during the fiscal year also acquired shares through an accumulation investment plan to maintain and strengthen its business relationship with an important customer. - FY2021RestatedAnnual report
「Under its basic policy of disposing of or reducing holdings in investment securities whose significance is considered limited as promptly as possible, the company annually reviews each security at meetings of the Board of Directors. It assesses the appropriateness of the holding purpose, growth potential and economic rationality after reviewing transaction status and the operating results, share price, dividends and other matters relating to the investee company.」
The company continues its policy of holding shares to maintain long-term, stable relationships with business partners and promote sales, together with its policy of reviewing and reducing individual securities annually at meetings of the Board of Directors. - FY2020RestatedAnnual report
「Under its basic policy of disposing of or reducing holdings in investment securities whose significance is considered limited as promptly as possible, the company annually reviews each security at meetings of the Board of Directors. It assesses the appropriateness of the holding purpose, growth potential and economic rationality after reviewing transaction status and the operating results, share price, dividends and other matters relating to the investee company.」
The company continues its policy of holding shares to maintain long-term, stable relationships with business partners and promote sales, together with its policy of reviewing individual securities annually at meetings of the Board of Directors and reducing holdings. - FY2019Details of the review and reduction policyAnnual report
「Under its basic policy of disposing of or reducing holdings in investment securities whose significance is considered limited as promptly as possible, the company annually reviews each security at meetings of the Board of Directors. It assesses the appropriateness of the holding purpose, growth potential and economic rationality after reviewing transaction status and the operating results, share price, dividends and other matters relating to the investee company.」
In addition to its policy of holding shares for the purpose of maintaining and strengthening business relationships, the company has detailed its annual Board of Directors review of individual securities and its policy of disposing of or reducing holdings whose significance is limited. - FY2018First statedAnnual report
「Number of securities 19 Total amount recorded on the balance sheet ¥631,513 thousand Purpose of holdings Maintaining and strengthening business relationships」
The company holds 19 securities for purposes other than pure investment, with a balance-sheet carrying amount of ¥631,513 thousand, and states that the principal purposes are maintaining and strengthening business relationships and stabilizing financial transactions and other dealings.