Holdings of Financial Institution Shares to Maintain Business Relationships
First written in FY2020. 1 of 3 entries say "Softened", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The Company has a policy of not holding shares for investment purposes.」
The Company continues its policy of not holding shares for investment purposes and not holding listed shares except where necessary for business or collaboration. - FY2021SoftenedAnnual report
「The Company had held shares in financial institutions when considered necessary to build good relationships with its financial institutions and secure stable funding and other objectives, but sold all such shareholdings during the fiscal year. Going forward, to avoid the risk of share-price fluctuations and improve asset efficiency, the Company will not hold listed shares except where they are necessary for business relationships with investees or for collaboration with the Company.」
The Company sold all shares in financial institutions and narrowed its policy to one of not holding listed shares going forward except where necessary for business or collaboration. - FY2020First statedAnnual report
「The Company has a policy of not holding shares for investment purposes. The Company holds shares in financial institutions when it considers them necessary to build good relationships with its lending and other financial institutions and secure stable funding and other objectives.」
The Company has newly described its policy of not holding shares for investment purposes and its policy of holding shares in financial institutions to secure stable funding and other objectives.