Cross-Shareholdings to Maintain and Strengthen Business and Collaboration Relationships
First written in FY2023. 7 of 11 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-10-21.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Whether the Company holds shares: No; 1,305,720; 1,111,747」
The cross-shareholdings consist of 1 issue of Hitachi,Ltd. shares. During the fiscal year, the number held declined from 321,500 to 292,500, with sale proceeds of ¥131,006 thousand and a gain on sale of ¥118,598 thousand. - FY2026-H1AdvancedAnnual report
「As a result of recording a gain on sales of investment securities of ¥75,959 thousand, mainly from reducing cross-shareholdings, profit attributable to owners of the parent for the interim period was ¥212,804 thousand.」
The company disclosed a gain on sales of investment securities of ¥75,959 thousand associated with reducing cross-shareholdings, continuing to report progress in reducing them. - FY2025AdvancedAnnual report
「We held the shares as a member of the Sunrise Fund, a shareholders’ association of the company’s business partners, to maintain and strengthen our business relationship as one of its major partner companies. We withdrew from the association after the Sunrise Fund was dissolved in December 2020. The number of shares held increased as a result of a share split on 30 June 2024, in which 1 common share was split into 5 shares. In view of the declining need to hold the shares to maintain and strengthen our business relationship with the company over the medium to long term, the Board of Directors resolved during the fiscal year ending March 2024 to reduce the number of shares held.」
The sale of 1 holding, for proceeds of ¥93,906 thousand, was disclosed for Hitachi,Ltd. shares. Taking the share split into account, the number of shares held declined from the previous year-end. - FY2025-H1AdvancedAnnual report
「As a result of recording a gain on sales of investment securities of ¥65,875 thousand, mainly from reducing cross-shareholdings, profit attributable to owners of the parent for the interim period was ¥221,498 thousand.」
The company attributed a gain on sales of investment securities of ¥65,875 thousand to the reduction of cross-shareholdings. - FY2024SoftenedAnnual report
「In view of the declining need to hold the shares to maintain and strengthen our business relationship with the company over the medium to long term, the Board of Directors resolved during the fiscal year to reduce the number of shares held.」
The former policy of holding Hitachi,Ltd. shares to maintain and strengthen business and collaboration relationships shifted toward reduction as the need to hold them declined. On 7 May 2024, 5,000 shares were sold. - FY2023First statedAnnual report
「We do not hold shares for pure investment purposes and hold only cross-shareholdings that also serve important strategic purposes other than pure investment, such as maintaining and strengthening business and collaboration relationships.」
We hold 70,300 shares of Hitachi,Ltd. and continue to hold them after verifying the maintenance and strengthening of the business relationship and economic rationale.