Strategic Shareholdings for Maintaining and Strengthening Business Relationships and Their Review
First written in FY2022. 1 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025ReframedAnnual report
「During the fiscal year, we withdrew from the company’s business-partner shareholding association and, because the relationship involving continuing share acquisitions ceased, reclassified the shares as held for pure investment purposes.」
TIS shares were reclassified from policy-held shares intended to maintain business relationships to shares held for pure investment purposes. Continuing acquisitions through the business-partner shareholding association ended, and the company continues to review whether the holding remains appropriate monthly. - FY2024AdvancedAnnual report
「We hold the shares to build a relationship with a prospective business partner and continue to acquire them through the company’s business-partner shareholding association.」
For TIS shares held as policy shares, continuing acquisitions through the business-partner shareholding association increased the number of shares from 95,868 to 96,895 and the carrying amount from ¥297,864 thousand to ¥362,099 thousand. - FY2023RestatedAnnual report
「We review monthly at board meetings whether currently held policy-held shares remain appropriate in light of the basic policy. For shares other than unlisted shares, we set a fair-value threshold for each issue and have the board decide as necessary, including whether to sell, depending on share-price movements.」
The company continues to hold policy shares to maintain and strengthen business relationships, review them monthly at board meetings and consider sales based on share-price movements. - FY2022First statedAnnual report
「Our basic policy is to determine whether to hold shares after comprehensively considering whether they contribute to sustainable growth and medium- to long-term corporate value, the likelihood of future transactions and whether they are appropriate for maintaining and strengthening business relationships.」
The company generally does not hold shares for pure investment purposes and reviews policy-held shares monthly at board meetings.