Changes in the Value of Investment Securities
First written in FY2016. 1 of 5 entries say "Mitigated", first in FY2021. Latest entry: FY2022.
The whole theme swung hardest in 2019: 42 of 77 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Our basic policy is to reduce such holdings. Each fiscal year, the Board of Directors and other bodies verify whether the holdings remain consistent with their purpose and whether the benefits and risks associated with holding them are commensurate with the cost of capital, among other factors, and determine whether they should be retained.」
The policy of reducing cross-shareholdings and reviewing their benefits and risks against the cost of capital each fiscal year continues. - FY2021MitigatedAnnual report
「Our group's basic policy is to reduce cross-shareholdings, and even where shares are retained, we make strict determinations by verifying the benefits and cost of capital, among other factors. The amount of listed shares held for cross-shareholding purposes and recognized on our group's consolidated balance sheet at the end of the consolidated fiscal year was ¥2.4 billion.」
As a response to the risk of changes in the value of investment securities, the company expressly states that it will reduce cross-shareholdings and assess whether holdings should be retained using the cost of capital. - FY2018Recognition of a gain on the partial sale of securities heldAnnual report
「The amount of investment securities held by our group and recognized on the consolidated balance sheet at the end of the consolidated fiscal year was ¥11.2 billion.」
While reiterating the balance of investment securities held and the risk of changes in their value, the company recognized proceeds from share sales of ¥3,114 million, gains on sales of ¥1,981 million, and losses on sales of ¥293 million during the period. - FY2018-Q3Partial sale of securities heldAnnual report
「At the request of a major customer, we sold part of the investment securities we held on 31 January 2018. Accordingly, a gain on the sale of investment securities of ¥1,913 million will be recognized as an extraordinary gain for the consolidated fiscal year ending March 2018.」
The company disclosed that it had sold part of its investment securities at the request of a major customer and planned to recognize a gain on the sale of ¥1,913 million in the following consolidated fiscal year. - FY2016First statedAnnual report
「The amount of investment securities held and recognized on the consolidated balance sheet at the end of the consolidated fiscal year was ¥1.07 billion. Fluctuations in the value of investment securities due to changes in the share prices of listed shares held or poor performance by investee companies may affect our group's business performance.」
The balance of investment securities is disclosed, with changes in share prices and investee-company performance identified as risks to their value.