Strategic shareholdings held to maintain business relationships
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The company verifies the significance of each cross-shareholding every fiscal year. Based on the review as of 31 March 2026, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company continued its policy of having the Board of Directors annually verify the significance, benefits, risks and cost of capital of cross-shareholdings, and disclosed that no holdings were sold during the fiscal year. - FY2024-Q2AdvancedAnnual report
「Gains on sales of investment securities mainly represent proceeds from sales conducted as part of a review of cross-shareholdings, efforts to strengthen the financial position, and improvements in capital efficiency.」
The company recorded a gain on sales of ¥1,261 million and proceeds from sales of ¥1,631 million through sales of investment securities aimed at reviewing cross-shareholdings, strengthening the financial position and improving capital efficiency. Specific progress in reducing and selling cross-shareholdings was disclosed. - FY2022Reduction in the number of cross-shareholdings and salesAnnual report
「Unlisted shares: 10 / 549; shares other than unlisted shares: 22 / 2,937; (holdings whose number of shares decreased during the fiscal year): unlisted shares: 1 / 29; shares other than unlisted shares: 6 / 17」
The company held 32 cross-shareholdings with a carrying amount of ¥3,486 million, down from 36 holdings in the previous fiscal year. During the fiscal year, it sold 1 unlisted holding and 6 listed holdings, while continuing its policy of annually reviewing the rationale for its holdings. - FY2021Increase in the number and value of holdingsAnnual report
「Unlisted shares: 11 / 532; shares other than unlisted shares: 25 / 2,951; (holdings whose number of shares increased during the fiscal year): unlisted shares: 1 / 75, to maintain and strengthen business relationships; shares other than unlisted shares: 1 / 131, to facilitate business relationships and other matters」
The company held 36 cross-shareholdings with a total carrying amount of ¥3,483 million, and the number of shares held increased for 1 unlisted company and 1 listed company. The policy of annual rationality reviews by the Board of Directors and reductions where appropriateness is not recognized has continued. - FY2020RestatedAnnual report
「For each shareholding, the Board of Directors annually clarifies the significance of holding it from a medium- to long-term perspective, verifies whether the benefits and risks associated with holding it are commensurate with the cost of capital, and confirms the rationale and necessity of the holding.」
The policy of having the Board of Directors annually verify the significance, benefits, risks and cost of capital of cross-shareholdings has continued. - FY2019Clarification of the specific rationale for holdingsAnnual report
「For each shareholding, the Board of Directors annually clarifies the significance of holding it from a medium- to long-term perspective, verifies whether the benefits and risks associated with holding it are commensurate with the cost of capital, and confirms the rationale and necessity of the holding.」
The company holds 35 cross-shareholdings with an aggregate carrying amount of ¥3,099 million and clarified its policy of having the Board of Directors annually verify their significance, benefits and risks, and consistency with the cost of capital. It also disclosed a policy of reducing holdings where their appropriateness is not recognized. - FY2018First statedAnnual report
「The company holds 35 equity securities for purposes other than pure investment, with an aggregate balance sheet carrying amount of ¥3,702 million. The purposes of holding them are to facilitate business relationships, strengthen relationships with counterparties to financial transactions, and maintain and strengthen business relationships.」
The company holds 35 equity securities for purposes other than pure investment, with a total carrying amount of ¥3,702 million, to maintain and facilitate relationships with business and financial counterparties.