Shareholdings Held to Maintain Financial Transactions and Future Alliances
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Increase in shares held and continued ownership due to a stock splitAnnual report
「Aichi Financial Group,Inc. carried out a stock split at a ratio of 1:5 effective 31 March 2026.」
Regarding cross-shareholdings, the number of shares increased due to stock splits by Aichi Financial Group,Inc., Nagoya Bank and Juroku Financial Group. The purpose of the holdings is to maintain stable financial transactions. The carrying amount of 4 stocks on the balance sheet was ¥472 million, and total dividends received were approximately ¥7 million. - FY2024RestatedAnnual report
「At each fiscal year-end, the Board of Directors verifies each individual holding to determine whether its purpose, such as maintaining stable financial transactions, is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. Specifically, it reviews the issuing company's share price trends, including whether the share price at fiscal year-end has fallen by 50% or more from the acquisition cost, performance, including whether the company was in a state of insolvency at fiscal year-end, dividends, including whether it was scheduled to pay no dividend at fiscal year-end, and individual transactions, including whether transactions during the year were stable. It engages in necessary and sufficient dialogue with the issuing company as a shareholder and sells holdings in a timely and appropriate manner.」
The company reiterates its basic policy of reducing the balance of cross-shareholdings and the process of reviewing each holding annually, checking share prices, performance, dividends and transaction conditions, engaging in dialogue, and selling holdings. - FY2023Increase in shares held due to a share transferAnnual report
「株式会社愛知銀行 established Aichi Financial Group,Inc. as the wholly owning parent of both companies through a joint share transfer with 株式会社中京銀行 on 3 October 2022. In connection with this share transfer, 3.33 common shares of Aichi Financial Group,Inc. were allotted and delivered for each common share of 株式会社愛知銀行.」
Regarding cross-shareholdings, shares in Aichi Financial Group,Inc. were allotted and delivered in connection with the share transfer involving 株式会社愛知銀行. The policy of verifying the purpose of holdings itself remains in place. - FY2022RestatedAnnual report
「At each fiscal year-end, the Board of Directors verifies each individual holding to determine whether its purpose, such as maintaining stable financial transactions, is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. Specifically, it reviews the issuing company's share price trends, including whether the share price at fiscal year-end has fallen by 50% or more from the acquisition cost, performance, including whether the company was in a state of insolvency at fiscal year-end, dividends, including whether it was scheduled to pay no dividend at fiscal year-end, and individual transactions, including whether transactions during the year were stable. It engages in necessary and sufficient dialogue with the issuing company as a shareholder and sells holdings in a timely and appropriate manner.」
The company reiterates its basic policy of reducing the balance of cross-shareholdings and the process of reviewing each holding annually, checking share prices, performance, dividends and transaction conditions, engaging in dialogue, and selling holdings. In the review based on 31 March 2022, it confirmed that all current holdings were in line with the policy. - FY2021AdvancedAnnual report
「As a basic policy, the company will reduce the balance of investment shares held for purposes other than pure investment, after sufficient dialogue with business partners, from the perspectives of limiting the risks of shareholdings and improving capital efficiency. The Board of Directors verifies each fiscal year for each individual holding whether its purpose, such as maintaining stable financial transactions, is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. Specifically, it reviews the issuing company's share price trends, including whether the share price at fiscal year-end has fallen by 50% or more from the acquisition cost, performance, including whether the company was in a state of insolvency at fiscal year-end, dividends, including whether it was scheduled to pay no dividend at fiscal year-end, and individual transactions, including whether transactions during the year were stable. It engages in necessary and sufficient dialogue with the issuing company as a shareholder and sells holdings in a timely and appropriate manner.」
For cross-shareholdings, the company establishes reducing the balance as its basic policy and specifies the decision-making process of reviewing each holding annually, checking for a share price decline of 50% or more, insolvency, a scheduled lack of dividends and transaction conditions, engaging in dialogue, and selling the holding. - FY2020RestatedAnnual report
「At each fiscal year-end, the Board of Directors verifies for each individual holding whether its purpose, such as maintaining stable financial transactions, is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. Specifically, it reviews the issuing company's share price trends, performance and individual transactions, and if any holding is not deemed to contribute to the sustainable growth of our group and the enhancement of corporate value over the medium to long term, we will engage in necessary and sufficient dialogue with the issuing company as a shareholder. Holdings for which no improvement is recognized even after such dialogue will be sold in a timely and appropriate manner.」
For cross-shareholdings, the company reiterates the process of conducting an individual review each fiscal year, comparing the holdings with the cost of capital, engaging in dialogue, and selling holdings if no improvement is achieved. As of the end of March 2020, it confirmed that all holdings were in line with the policy. - FY2019AdvancedAnnual report
「At each fiscal year-end, the Board of Directors verifies for each individual holding whether its purpose, such as maintaining stable financial transactions, is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital. If any holding is not deemed to contribute to the sustainable growth of our group and the enhancement of corporate value over the medium to long term, we will engage in necessary and sufficient dialogue with the other company as a shareholder. Holdings for which no improvement is recognized even after such dialogue will be sold in a timely and appropriate manner.」
For cross-shareholdings, the company specifies the management and review process of conducting an individual review each fiscal year, comparing the benefits and risks with the cost of capital, engaging in dialogue with the other company, and selling the holding if no improvement is achieved. - FY2018First statedAnnual report
「Our group holds minority interests in financial institutions to maintain long-term business relationships. In addition, it holds shares in operating companies to strengthen relationships, including through potential business partnerships in the future.」
For the first time, the company explicitly states its approach to cross-shareholdings held to maintain business relationships with financial institutions and to pursue future business partnerships and stronger relationships.