Strengthening Business Relationships through Strategic Shareholdings
First written in FY2018. 4 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Updated cross-shareholding informationAnnual report
「As a result, we have confirmed that holding each issue remains appropriate for the current fiscal year.」
The company reiterates its policy of confirming that holding every issue remains appropriate, and reports holdings of 15 unlisted issues and 26 listed issues. The number of shares held increased in 7 listed issues and decreased in 6. - FY2025RestatedAnnual report
「As a result, we have confirmed that holding each issue remains appropriate for the current fiscal year.」
The company states that it reviewed the purpose of holding and transaction status for each issue at meetings of the Executive Committee and others, and confirmed that holding every issue remained appropriate. The portfolio comprised 16 unlisted issues and 30 listed issues, and the number of shares held in 6 listed issues increased through participation in business-partner employee shareholding associations. - FY2024AdvancedAnnual report
「Shares other than unlisted shares 6 4 To participate in a business-partner employee shareholding association」
For strategic shareholdings, the company discloses increases in the number of shares held in 2 unlisted issues and 6 listed issues during the fiscal year. The reasons for the increases were gathering information and researching trends in related industries, and participating in business-partner employee shareholding associations. - FY2023-Q1AdvancedAnnual report
「Based on a resolution of the Board of Directors held on 9 August 2022, the company additionally acquired shares of MITANI CORPORATION on 10 August 2022.」
The company discloses, as a material subsequent event, the specific progress of its additional acquisition of shares in MITANI CORPORATION for the purpose of strengthening business relationships. - FY2021AdvancedAnnual report
「As a result, we have confirmed that holding each issue remains appropriate for the current fiscal year.」
The company states that it reviewed the appropriateness of holding every strategic shareholding. It acquired 1 unlisted shareholding for ¥65 million, and the number of shares held in 6 listed issues increased through participation in business-partner employee shareholding associations. - FY2020AdvancedAnnual report
「With respect to investment shares held for purposes other than pure investment, the Executive Committee regularly and continuously examines the rationale for each holding, as well as the benefits and risks associated with holding the shares, and reviews the need to reduce such holdings.」
The company reiterates its regular and continuous reviews of the rationale, benefits, risks and need to reduce strategic shareholdings, and discloses holdings of 15 unlisted issues and 30 listed issues, as well as increases in the number of shares held in 11 issues through employee shareholding associations of business partners and others. - FY2019ReframedAnnual report
「With respect to investment shares held for purposes other than pure investment, our policy is to hold shares of business partners and others when we determine that doing so will contribute to the company's sustainable growth and the enhancement of corporate value over the medium to long term. The Executive Committee regularly and continuously examines the rationale for each holding, as well as the benefits and risks associated with holding the shares, and reviews the need to reduce such holdings.」
The purpose of strategic shareholdings is explained as contributing to sustainable growth and corporate value over the medium to long term, rather than strengthening intercompany business relationships, and the company explicitly states that it periodically reviews the benefits, risks and need to reduce such holdings. - FY2018First statedAnnual report
「Purpose of holding: strengthening intercompany transactions」
For investment shares held for purposes other than pure investment, the company discloses that the purpose of holding them is to strengthen intercompany business relationships. The portfolio comprises 39 holdings, with an aggregate balance-sheet carrying amount of ¥11,187 million.