Shareholdings held to strengthen business relationships between companies
First written in FY2016. 2 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Issues whose number of shares increased during the fiscal year: shares other than unlisted shares, 1 issue, 191,656; to establish a capital alliance through mutual shareholdings with a view to a business alliance.」
The Company acquired shares worth ¥191.656 million as part of a capital alliance with a view to a business alliance, bringing the amount recorded for policy-held shares to ¥2,778.937 million. - FY2026-H1Increase in the balance and valuation difference due to a rise in the market value and acquisition of investment securitiesAnnual report
「Valuation and translation adjustments increased 50.1% from the end of the previous fiscal year to ¥954.258 million, mainly because the market value of investment securities rose, increasing the valuation difference on other securities.」
The valuation difference on other securities increased as the market value of investment securities rose, and the balance of investment securities also increased 29.7% from the end of the previous fiscal year to ¥2,518.807 million. - FY2025Decrease in the fair value of policy-held sharesAnnual report
「Shares other than unlisted shares: 7 issues, ¥1,942.568 million」
The Company held policy-held shares in 7 issues, unchanged in number, but the amount recorded on the balance sheet decreased from ¥2,186.755 million in the previous fiscal year to ¥1,942.568 million. The policy of verifying the purpose and rationale for holding them remains in place. - FY2025-H1Decline in the fair value of policy-held sharesAnnual report
「This was because investment securities decreased 9.5% from the end of the previous fiscal year to ¥1,978.182 million as a result of share price declines.」
The amount recorded for investment securities decreased 9.5% from the end of the previous fiscal year as share prices declined. No change in the policy of holding shares to strengthen intercompany transactions was disclosed. - FY2024Increase in the fair value of policy-held sharesAnnual report
「Shares other than unlisted shares: 7 issues, ¥2,186.755 million」
The Company held policy-held shares in 7 issues, with a total amount recorded on the balance sheet of ¥2,186.755 million. The policy of joint development, stable procurement of raw materials, and building relationships with business partners remains in place. - FY2024-Q3Continued increase in valuation difference resulting from a rise in the market value of investment securitiesAnnual report
「Valuation and translation adjustments increased 11.3% from the end of the previous fiscal year to ¥625.682 million, mainly because the market value of investment securities rose, increasing the valuation difference on other securities.」
Valuation and translation adjustments, including the valuation difference on other securities, increased 11.3% from the end of the previous fiscal year to ¥625.682 million as the market value of investment securities rose. No change in the shareholding policy itself, whose purpose is to strengthen intercompany transactions, was disclosed. - FY2024-Q2Continued increase in valuation difference resulting from a rise in the market value of investment securitiesAnnual report
「Valuation and translation adjustments increased 9.7% from the end of the previous fiscal year to ¥616.683 million, mainly because the market value of investment securities rose, increasing the valuation difference on other securities.」
The valuation difference on other securities increased 9.7% from the end of the previous fiscal year as the market value of investment securities rose. No change in the shareholding policy itself, whose purpose is to strengthen intercompany transactions, was disclosed. - FY2024-Q1Increase in valuation difference resulting from a rise in the market value of investment securitiesAnnual report
「Valuation and translation adjustments increased 8.2% from the end of the previous fiscal year to ¥608.090 million, mainly because the market value of investment securities rose, increasing the valuation difference on other securities.」
The Company stated that the valuation difference on other securities increased as the market value of investment securities rose. No change in the shareholding policy itself, whose purpose is to strengthen intercompany transactions, was disclosed. - FY2023-Q3Decrease in valuation difference resulting from a decline in the market value of investment securitiesAnnual report
「Valuation and translation adjustments decreased 16.8% from the end of the previous fiscal year to ¥438.791 million, mainly because the market value of investment securities declined, reducing the valuation difference on other securities.」
The Company stated that the valuation difference on other securities decreased as the market value of investment securities declined. No change in the shareholding policy itself, whose purpose is to strengthen intercompany transactions, was disclosed. - FY2021RestatedAnnual report
「The Company holds shares in companies where it considers such ownership necessary as part of its management strategy, including joint development to support sustainable growth and the enhancement of corporate value over the medium to long term, and stable procurement of raw materials, or to build good relationships with business partners and continue operations.」
The policy of holding shares for joint development, stable procurement of raw materials, and building relationships with business partners remains in place. The holdings comprised 1 unlisted issue and 10 listed issues, with a total amount recorded on the balance sheet of ¥1,960.768 million. - FY2020SoftenedAnnual report
「With regard to the so-called policy-held shares, in light of the impairment risk arising from share price declines associated with the recent COVID-19 pandemic, the Board of Directors will comprehensively assess their medium- to long-term economic rationale and future outlook, as well as the risks and returns associated with holding them, and will conduct increasingly rigorous discussions to determine whether continued ownership is appropriate.」
Policy-held shares comprised 1 unlisted issue and 13 listed issues, for a total of ¥1,344.590 million, representing a decrease in the amount held from the previous fiscal year. The Company stated that it would apply more stringent criteria when deciding whether to continue holding them, in light of the impairment risk from share price declines. - FY2019SoftenedAnnual report
「The Company holds shares in companies where it considers such ownership necessary as part of its management strategy, including joint development to support sustainable growth and the enhancement of corporate value over the medium to long term, and stable procurement of raw materials, or to build good relationships with business partners and continue operations. ... Shares other than unlisted shares: 14 issues, ¥1,720.699 million.」
The policy of holding shares to strengthen relationships with business partners, pursue joint development, and ensure stable procurement of raw materials remains in place, but the number of holdings decreased from 19 to 15, including 1 unlisted issue, and some shares that no longer met the holding purpose were sold. - FY2018RestatedAnnual report
「Investment securities held for purposes other than pure investment: 19 issues; total amount recorded on the balance sheet: ¥2,015.470 million」
The Company held policy-held shares in 19 issues, with a total amount recorded on the balance sheet of ¥2,015.470 million, for the purpose of strengthening intercompany transactions. - FY2016First statedAnnual report
「Investment securities held for purposes other than pure investment: 19 issues; total amount recorded on the balance sheet: ¥1,347.943 million」
The Company held policy-held shares in 19 issues, with a total amount recorded on the balance sheet of ¥1,347.943 million, and stated that the purpose of holding the individual issues was to strengthen intercompany transactions.