Cross-shareholdings for business relationships and a stable capital policy
First written in FY2018. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2024AdvancedAnnual report
「For cross-shareholdings whose significance we consider to have diminished, the Board of Directors verifies the significance of continuing to hold them and sells them in a timely and appropriate manner as necessary.」
The company held 5 unlisted holdings and 12 listed holdings, and sold 2 holdings other than unlisted securities during the fiscal year. It also disclosed increases in the number of shares in 4 holdings through shareholders' associations of business partners and other means. - FY2022AdvancedAnnual report
「Stocks whose number of shares increased during the fiscal year」
The company held 4 unlisted holdings and 13 holdings other than unlisted securities. During the fiscal year, the number of shares increased in 4 holdings other than unlisted securities through shareholders' associations of business partners. It states that there were no holdings in which the number of shares decreased. - FY2020AdvancedAnnual report
「For cross-shareholdings whose significance we consider to have diminished, the Board of Directors verifies the significance of continuing to hold them and sells them in a timely and appropriate manner as necessary.」
For cross-shareholdings, the number of shares increased in 5 holdings during the fiscal year, and 1 holding was sold. The company specifically describes the Board of Directors' review of the significance of the holdings and its policy of holding them to strengthen business relationships and maintain a stable capital policy. - FY2019RestatedAnnual report
「We hold shares in companies where we consider such holdings necessary as part of our business strategy, including ensuring a stable supply of products and materials, and to build good relationships with business partners and local communities and facilitate the smooth pursuit of our business, with the aim of sustainably enhancing corporate value and fulfilling our social responsibilities. For cross-shareholdings whose significance we consider to have diminished, the Board of Directors verifies the significance of continuing to hold them and sells them in a timely and appropriate manner as necessary.」
For cross-shareholdings, the company states that the purposes of holding them are to ensure a stable supply of products and materials, maintain relationships with business partners and local communities, and promote its business. It also states that the Board of Directors verifies their significance and sells them as necessary. The number of holdings was 18, and the amount recognized on the balance sheet was ¥5,135 million. - FY2018First statedAnnual report
「For investment securities held for purposes other than pure investment, the number of issues was 18, and the total amount recognized on the balance sheet was ¥6,338 million.」
For cross-shareholdings, the company identifies facilitating business relationships and maintaining a stable capital policy as holding purposes, and discloses the number of holdings and their carrying value.