Strategic Shareholdings Held to Strengthen Business Relationships
First written in FY2016. 8 of 15 entries say "Advanced", first in FY2019. Latest entry: 2026-10-27.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「For specified investment shares, the Company plans to reduce holdings to below 20% of net assets during the period covered by the Medium-Term Management Plan FY2025-2027. During the fiscal year, shares in 2 companies were sold.」
The deadline for reducing policy-held shares to below 20% of net assets was set as the period covered by the Medium-Term Management Plan, and shares in 2 companies were sold during the fiscal year. - 2026-06-02WorsenedGeneral Meetings of Shareholders
「Although we sold shares during the current fiscal year based on market trends, the market value of our holdings increased as the share prices of the securities we hold rose further.」
Although the company sold cross-held shares, their market value increased, reaching 59.5% of net assets. - FY2026-H1AdvancedAnnual report
「This was mainly because investment securities increased as a result of higher market values, although we have continued to sell investment securities.」
The company reported continued sales of investment securities in line with its policy of reducing cross-shareholdings, while the balance increased as a result of higher market prices. - FY2025SoftenedAnnual report
「The company’s policy is to hold specific investment shares only in companies expected to cooperate with and provide feedback on its product development and problem-solving efforts in the context of its business strategy and business relationships with customers and suppliers. It plans to reduce specific investment shares to less than 20% of net assets by March 2028.” “During the fiscal year, the company sold shares in 5 issues.」
The company limited the companies eligible for cross-shareholdings and sold shares in 5 issues, while specifying March 2028 as the deadline for reducing the holdings to less than 20% of net assets. The deadline has been made more specific and extended from the previous fiscal year’s wording of “within 1 to 2 years.” - FY2024AdvancedAnnual report
「During the fiscal year, the company changed its previous policy and adopted a policy of holding specific investment shares only in companies expected to cooperate with and provide feedback on its product development and problem-solving efforts in the context of its business strategy and business relationships with customers and suppliers. It plans to reduce specific investment shares to less than 20% of net assets within 1 to 2 years.” “During the fiscal year, the company sold shares in 5 issues.」
The company narrowed the companies eligible for cross-shareholdings to those expected to cooperate with and provide feedback on product development and problem-solving efforts, and indicated a policy of reducing such holdings to less than 20% of net assets within 1 to 2 years. It actually sold shares in 5 issues. - FY2023AdvancedAnnual report
「Based on the medium-term management plan covering fiscal 2022 through fiscal 2024, announced by the company on 28 July 2022, the company plans to actively use specific investment shares as a source of funds for growth investment and consequently expects to reduce its holdings of such shares.” “During the fiscal year, following 2 Board of Directors reviews of whether to retain specific investment shares, the company sold shares in 1 issue.」
The company indicated a policy of reducing cross-shareholdings while using them as a source of funds for growth investment and, following 2 Board of Directors reviews, sold shares in 1 issue. - FY2020RestatedAnnual report
「During the fiscal year, the Board of Directors conducted 2 reviews of the rationale for holding specific investment shares, taking into account qualitative factors relating to its business strategy, such as maintaining smooth and positive business relationships with investee companies and securing the supply chain, as well as quantitative factors such as dividend income and other economic rationale.」
The company continues to have the Board of Directors review cross-shareholdings from qualitative and quantitative perspectives and conducted 2 reviews during the fiscal year. - FY2019AdvancedAnnual report
「The company will verify the rationale for its holdings each year at Board of Directors meetings, taking into account qualitative factors relating to its business strategy, such as maintaining smooth and positive business relationships with investee companies and securing the supply chain, as well as quantitative factors such as dividend income and other economic rationale.” “During the fiscal year, the Board of Directors verified the rationale for its holdings of specific investment shares 2 times, taking into account qualitative factors relating to its business strategy, such as maintaining smooth and positive business relationships with investee companies and securing the supply chain, as well as quantitative factors such as dividend income and other economic rationale.」
The company explicitly stated that the Board of Directors conducts annual qualitative and quantitative reviews of cross-shareholdings and disclosed that it conducted 2 reviews during the fiscal year. - FY2018RestatedAnnual report
「Number of investment securities held for purposes other than pure investment and total amount recorded on the balance sheet 27 issues ¥6,388.215 million” “Accordingly, the company holds these shares based on an assessment of whether they contribute to strengthening business relationships in its sales, business or financial activities, in terms of its business strategy and business relationships with customers and suppliers.」
The company continues its policy of holding cross-shareholdings to strengthen business relationships and disclosed 27 issues valued at ¥6,388.215 million. It also indicated that voting rights would be exercised from the perspective of enhancing corporate value over the medium to long term. - FY2017RestatedAnnual report
「Number of investment securities held for purposes other than pure investment and total amount recorded on the balance sheet 27 issues ¥4,754.830 million” “The company holds these shares based on an assessment of whether they contribute to strengthening business relationships in its sales, business or financial activities, in terms of its business strategy and business relationships with customers and suppliers.」
The company continues its policy of holding cross-shareholdings to strengthen business relationships and disclosed 27 issues valued at ¥4,754.830 million during the fiscal year. - FY2016First statedAnnual report
「The company holds these shares based on an assessment of whether they contribute to strengthening business relationships in its sales, business or financial activities, in terms of its business strategy and business relationships with customers and suppliers.」
The company holds cross-shareholdings to promote intercompany cooperation and strengthen business relationships in research and development, production and sales, among other areas.