Strategic Shareholdings Held to Strengthen Relationships with Business Partners and Local Communities
First written in FY2019. 5 of 9 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026No policy-held shares sold during the fiscal yearAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares – – – Shares other than unlisted shares – – –」
The company continued its policy of verifying the rationale for holding cross-shareholdings and reducing them where no rationale exists, but recorded no decrease in the number of shares during the fiscal year. - FY2024AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Shares other than unlisted shares 1 123,911」
The company sold 1 issue of cross-shareholdings other than unlisted shares and recorded total sale proceeds of ¥123.911 million. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 October 2023, the company resolved to sell part of its investment securities. “Scheduled sale period for investment securities: 1 October 2023 to 31 March 2024” “Gain on sale of investment securities: ¥80 million (estimate)”」
As part of a review of its cross-shareholding policy under the Corporate Governance Code, the company resolved to sell 1 listed security. The scheduled sale period and estimated gain on sale of ¥80 million were also disclosed, but the sale remains at the planning stage. - FY2023AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Shares other than unlisted shares 4 192,372」
The company sold 4 issues of cross-shareholdings other than unlisted shares and recorded total sale proceeds of ¥192.372 million. The reduction exceeded the 2 issues sold in the previous fiscal year. - FY2022AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Shares other than unlisted shares: 2 411」
The company sold 2 issues of policy-held shares other than unlisted shares and recorded total sale proceeds of ¥127.405 million. The results of applying the policy of reducing holdings where no rationale for holding them is recognised were disclosed. - FY2022-Q3AdvancedAnnual report
「The net loss attributable to owners of the parent was ¥80 million, compared with a net loss attributable to owners of the parent of ¥380 million in the same period of the previous year, after recording an ¥83 million gain on sales of investment securities from the sale of policy-held shares.」
Policy-held shares were sold, and an ¥83 million gain on sales of investment securities was recorded. The results of applying the acquisition and reduction policy for policy-held shares continued to be confirmed. - FY2021Acquisition and reduction of policy-held sharesAnnual report
「(Reasons for the increase in the number of shares) To pursue new business development and further strengthen relationships (Issues whose number of shares decreased during the fiscal year) Shares other than unlisted shares: 2 411」
The company acquired shares including Rackland shares to pursue new business development and strengthen relationships, while selling 2 issues of shares. The results of applying the acquisition and reduction policy based on the holding criteria were disclosed. - FY2020Specific policy for policy-held sharesAnnual report
「We hold shares as policy-held shares only when we determine that they are necessary for business relationships or collaboration, from the perspective of maintaining and strengthening stable, long-term business relationships with customers and business partners. For each policy-held shareholding, we verify the economic rationale for holding it and review it at the Board of Directors and other bodies, comprehensively considering the maintenance and strengthening of business relationships and the medium- to long-term benefits of holding the shares. If the review finds no rationale for holding them, we proceed to reduce the holdings.」
The company specified criteria for policy-held shares: holdings are limited to those necessary for business relationships or collaboration, their economic rationale is reviewed on an issue-by-issue basis, and holdings are reduced where no rationale exists. - FY2019First statedAnnual report
「We hold shares in companies that we deem necessary to ensure sustainable business growth as part of our management strategy, including the continued supply of products and business alliances, and to build good relationships with business partners and local communities. For individual policy-held shares, the Board of Directors examines the appropriateness of holding them, taking into account relationships with business partners and local communities and the smooth promotion of business, among other factors.」
The company disclosed its policy on holding shares for product supply, business alliances, and relationships with business partners and local communities, as well as the Board of Directors' review of whether continued holdings are appropriate.