Strategic shareholdings maintained to preserve business relationships
First written in FY2018. 1 of 4 entries say "Reframed", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Continued Sale of Cross-ShareholdingsAnnual report
「The company periodically verifies the rationale for its cross-shareholdings. It holds shares where a rationale is recognized, but sells shares deemed to lack a rationale after considering various business factors, including the impact on the market and the issuer’s financial strategy.」
The company continued its policy of selling securities after verifying their rationale and sold 1 listed security during the fiscal year. Its holdings comprised 8 unlisted securities and 13 listed securities. - FY2025AdvancedAnnual report
「The company periodically verifies the rationale for its cross-shareholdings. It holds shares where a rationale is recognized, but sells shares deemed to lack a rationale after considering various business factors, including the impact on the market and the issuer’s financial strategy.」
The company continued to verify the rationale for its cross-shareholdings and sold 4 securities during the fiscal year. Its holdings comprised 8 unlisted securities and 13 listed securities. - FY2020ReframedAnnual report
「With respect to cross-shareholdings, the company will, in principle, not hold such shares except where the rationale for holding them is recognized, in order to comply with the standards of conduct required of companies listed on financial instruments exchanges and to maintain its financial soundness.」
The company revised its policy from holding securities to maintain business relationships to holding them only where there is a rational basis and selling them where there is no rational basis. - FY2018First statedAnnual report
「To maintain business relationships」
For investment securities held for purposes other than pure investment, the company states that the purpose of holding them is to maintain business relationships. At the end of the fiscal year, it held 29 securities, with a total balance-sheet carrying amount of ¥1,282 million.