Strategic Shareholdings Held to Strengthen Relationships
First written in FY2017. 1 of 7 entries say "Reframed", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026No sales of cross-shareholdings; valuation increasedAnnual report
「Unlisted shares 9 16,660 Shares other than unlisted shares 5 1,991,179」
The Company continued its policy of individually verifying strategic shareholdings based on relationship enhancement and economic rationality. There were no decreases in the number of shares or sales during the fiscal year, while the amount of strategic shareholdings recorded on the balance sheet increased, mainly for listed shares. - FY2025No sales of cross-shareholdings; valuation increasedAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares: —, —; shares other than unlisted shares: —, —」
The holding policy of individually verifying strategic shareholdings and holding them to strengthen relationships continued. No decrease in the number of shares or sales was reported for the fiscal year, and the Company held 9 unlisted-share issues and 5 listed-share issues. - FY2023Continued sale of cross-shareholdingsAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares: —, —; shares other than unlisted shares: 1, 44,037」
Regarding strategic shareholdings, the Company maintained its policy of individually verifying the benefits of holding and economic rationality, while selling 1 listed-share issue for proceeds of ¥44.037 million. At the fiscal year-end, it held 10 unlisted-share issues and 5 listed-share issues as strategic holdings. - FY2021Strategic shareholdings continued to increase and decreaseAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares: 1, 16,672; shares other than unlisted shares: 1, 27,236」
While maintaining its explanation of the holding policy and individual verification for strategic shareholdings, the Company reduced its holdings of 1 unlisted-share issue and 1 listed-share issue. Meanwhile, its holding of 1 listed-share issue increased as a result of accepting a rights offering. - FY2020Sale of Cross-ShareholdingsAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares: 1, 0; shares other than unlisted shares: 3, 394,151」
The Company reduced its holdings of 1 unlisted-share issue and 3 listed-share issues among its strategic holdings, with proceeds from the sale of listed shares of ¥394.151 million. The explanation of its holding policy and individual verification remains unchanged. - FY2019ReframedAnnual report
「The Company's basic policy is to hold shares for strategic-holding purposes when, based on trends at the companies whose shares are held and the status of transactions, it is considered that further strengthening business alliances with those companies or maintaining and strengthening stable business relationships will contribute to enhancing the Company's corporate value. For major strategic holdings, the Company individually verifies the benefits of holding them, including from the perspectives of medium- to long-term economic rationality and maintaining and strengthening comprehensive relationships with business partners. For shares that it determines, during the verification process, no longer have sufficient significance to continue holding, the Company carefully examines whether the benefits and risks associated with holding the shares are commensurate with the cost of shareholders' equity and determines whether they should be held, but no verification is conducted by the Board of Directors.」
The purpose of strategic shareholdings remains strengthening relationships, but the verification process was specified in terms of the benefits of holding, economic rationality, and comparison with the cost of shareholders' equity. It was also expressly stated that no verification is conducted by the Board of Directors. - FY2017First statedAnnual report
「Investment shares held for purposes other than pure investment: Number of issues: 18; total amount recorded on the balance sheet: ¥842.988 million; purpose of holding: strengthening relationships」
The Company held 18 investment-share issues for purposes other than pure investment, with a total amount of ¥842.988 million recorded on the balance sheet, and stated that the purpose of holding them was to strengthen relationships.