Strategic Shareholdings Held to Strengthen Relationships with Business Partners
First written in FY2017. 9 of 14 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 16 of 137 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「By the end of the fiscal year, the company had reduced the number of securities covered by the policy to 8. It will continue to execute sales toward the reduction target described above.」
The company reduced the number of policy-held securities from 9 in the previous fiscal year to 8 and continued selling shares toward the target of no more than 10% of consolidated net assets. - 2026-06-04AdvancedGeneral Meeting of Shareholders
「しかしながら、当連結会計年度においても保有銘柄の時価の上昇が継続しており、当連結会計年度末における連結純資産に対する比率は18.4％と引き続き高水準にあることから、今後も引き続き、縮減目標に向けて残る保有先とも協議を深め、売却を実行してまいります。」
政策保有株式の売却・縮減を継続する方針を再確認し、連結純資産比率18.4％を開示している。 - FY2026-H1AdvancedAnnual report
「Cash flow from investing activities was an outflow of ¥348 million, compared with an outflow of ¥614 million in the same period of the previous year, as expenditures for the acquisition of property, plant and equipment outweighed proceeds from the sale of investment securities held.」
The company recorded ¥619 million in proceeds from the sale of investment securities held and continued sales in line with its policy of reducing policy-held shares. - FY2025AdvancedAnnual report
「By the end of the fiscal year, the company had reduced the number of securities covered by the policy to 9. It will continue to execute sales toward the reduction target described above.」
The company reduced the number of policy-held securities from 11 in the previous fiscal year to 9. It stated that it would continue selling shares toward the target of no more than 10% of consolidated net assets. - FY2025-H1AdvancedAnnual report
「Cash flow from investing activities was an outflow of ¥614 million, compared with an inflow of ¥314 million in the same period of the previous year, as expenditures for the acquisition of property, plant and equipment outweighed proceeds from the partial sale of investment securities held.」
The company proceeded with the partial sale of investment securities held and recorded ¥206 million in proceeds from the sale of investment securities. The disclosure indicates sales in line with the policy of reducing policy-held shares. - FY2024AdvancedAnnual report
「By the end of the fiscal year, the company had reduced the number of securities covered by the policy to 11. However, because the market value of the holdings increased, their ratio to consolidated net assets rose from the time the reduction policy was adopted.」
The company reduced the number of policy-held securities from 22 to 11. However, the ratio to consolidated net assets increased from the time the reduction policy was adopted because of higher share prices. - FY2024-Q2AdvancedAnnual report
「Cash flow from investing activities was an inflow of ¥314 million, compared with an outflow of ¥1,158 million in the same period of the previous year, as the company proceeded with the partial sale of investment securities it held, despite incurring expenditures for the acquisition of property, plant and equipment.」
Although no policy-held shares were sold in the previous fiscal year, the company proceeded with the partial sale of investment securities held during the cumulative second quarter, recording ¥314 million in cash inflow from investing activities and a ¥303 million gain on the sale of investment securities. - FY2023No sales; reduction target maintainedAnnual report
「Although the company did not sell any policy-held shares during the fiscal year, it will continue to consider and execute sales toward the reduction target described above.」
Although no policy-held shares were sold during the year, the company continued to pursue its reduction target of no more than 10% of consolidated net assets as of the end of March 2021, as well as its policy of considering and executing sales. In addition, 7 securities held by financial institutions were changed from policy-held shares to shares held for pure investment purposes. - FY2022Set a reduction target for policy-held sharesAnnual report
「From the perspective of improving capital efficiency, the company decided to progressively reduce its policy-held shares. It set a target of reducing them to a level representing no more than 10% of consolidated net assets as of the end of March 2021, and decided to continue discussions with the companies concerned.」
The previous policy of reviewing each security and reducing holdings where economic rationality was lacking was made more specific through a quantitative reduction target of no more than 10% of consolidated net assets. - FY2021AdvancedAnnual report
「(Securities for which the number of shares declined during the fiscal year) Unlisted shares 1 7 Shares other than unlisted shares 2 136」
The company sold 1 unlisted security and 2 listed or other securities from its policy-held shares, for total proceeds of ¥143 million. - FY2020AdvancedAnnual report
「During the fiscal year, the number of shares declined for 8 securities other than unlisted shares, with total sale proceeds of ¥667 million.」
The company sold 8 policy-held securities for total proceeds of ¥667 million. At the end of the period, it held 14 unlisted securities and 22 listed or other securities. - FY2019ReframedAnnual report
「With respect to policy-held shares, the board of directors verifies each year whether continued ownership is reasonable, taking into account the significance of holding each security, its impact on corporate value, and economic rationality based on indicators such as WACC. If the board determines that continued ownership is not sufficiently reasonable, the company will consult with the relevant counterparties and sell the shares, taking market impact into consideration, with a view to reducing or eliminating policy holdings and preparing for future portfolio rebalancing.」
The company's previous policy of holding shares to strengthen relationships with business partners now incorporates annual reviews by security, evaluations of economic rationality using WACC and other measures, and the possibility of reducing or eliminating holdings. - FY2018RestatedAnnual report
「Number of securities: 47; total amount recorded on the balance sheet: ¥7,287 million. The purpose of holding them is to strengthen relationships with business partners.」
The company held 47 policy-held shares with a balance-sheet carrying amount of ¥7,287 million, continuing to cite the strengthening of relationships with business partners as the purpose of holding them. - FY2017First statedAnnual report
「Number of securities: 47; total amount recorded on the balance sheet: ¥6,662 million. The purpose of holding them is to strengthen relationships with business partners.」
For investment securities held for purposes other than pure investment, the company disclosed 47 securities with a balance-sheet carrying amount of ¥6,662 million, held to strengthen relationships with business partners.