Holding Shares to Maintain and Strengthen Business Relationships
First written in FY2017. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Increase through employee stock ownership plan purchases and cumulative investment in cross-shareholdingsAnnual report
「YAMAZEN CORPORATION 248,384 245,698 Increase due to maintaining and strengthening business relationships and purchases by the employee shareholding association Yes 358,915 329,727 TRUSCO NAKAYAMA CORPORATION 33,537 31,622 Maintenance and strengthening of business relationships Increased through cumulative investment」
The company disclosed that the number of YAMAZEN CORPORATION shares increased through purchases by the employee shareholding association, while the number of TRUSCO NAKAYAMA CORPORATION shares increased through cumulative investment. - FY2025Increase in YAMAZEN CORPORATION shares through purchases by the employee shareholding associationAnnual report
「YAMAZEN CORPORATION 245,698 243,102 Increase due to maintaining and strengthening business relationships and purchases by the employee shareholding association」
While reconfirming the purpose of holding cross-shareholdings, the company has increased its number of YAMAZEN CORPORATION shares through purchases by the employee shareholding association. - FY2022RestatedAnnual report
「We hold shares for cross-shareholding purposes when doing so is deemed to contribute to increasing our medium- to long-term corporate value by maintaining and strengthening stable business relationships with our business partners.」
The company has reconfirmed its policy of holding cross-shareholdings to maintain and strengthen business relationships and increase corporate value. - FY2021RestatedAnnual report
「For each cross-shareholding, we review the rationale for holding the shares annually by quantitatively verifying returns, including related earnings and dividends received, in addition to qualitative factors such as the purpose of holding the shares. Holdings whose rationale is no longer recognized will be considered for sale on an ongoing basis.」
The company continues to conduct annual qualitative and quantitative reviews of cross-shareholdings and reassess the rationale for holding them. - FY2020Regular reviews of cross-shareholdings explicitly disclosedAnnual report
「For each cross-shareholding, we review the rationale for holding the shares annually by quantitatively verifying returns, including related earnings and dividends received, in addition to qualitative factors such as the purpose of holding the shares.」
In addition to the purpose of maintaining and strengthening business relationships, the company explicitly states that it conducts annual qualitative and quantitative reviews and considers selling holdings whose rationale is no longer recognized. - FY2019RestatedAnnual report
「YAMAZEN CORPORATION 217,762 256,306 Maintenance and strengthening of business relationships / TRUSCO NAKAYAMA CORPORATION 31,622 97,395 Maintenance and strengthening of business relationships」
The company has reconfirmed its policy of holding YAMAZEN CORPORATION and TRUSCO NAKAYAMA CORPORATION shares for the purpose of maintaining and strengthening business relationships. - FY2018RestatedAnnual report
「山善 213,189 239,198 Maintaining and strengthening business relationships / TRUSCO NAKAYAMA CORPORATION 31,622 80,889 Maintaining and strengthening business relationships」
The company reconfirms the maintenance and strengthening of business relationships as the purpose for holding shares in 山善 and TRUSCO NAKAYAMA CORPORATION. - FY2017First statedAnnual report
「山善 209,135 221,474 Maintaining and strengthening business relationships / TRUSCO NAKAYAMA CORPORATION 31,622 80,825 Maintaining and strengthening business relationships」
The company discloses the maintenance and strengthening of business relationships as the purpose for holding cross-shareholdings.