Holding Shares to Maintain Business Relationships and Manufacturing Cooperation
First written in FY2016. . Latest entry: FY2025.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2025Higher Valuation and More Holdings in Cross-ShareholdingsAnnual report
「Securities other than unlisted shares 14 4,571」
The policy shareholdings comprised 5 unlisted holdings with a value of ¥112 million and 14 listed and other holdings with a value of ¥4,571 million. The number of shares held in 1 holding increased through the business-partner shareholders association, and the total valuation also increased from the previous fiscal year. - FY2024Increase in the value of policy shareholdings and sale of 1 holdingAnnual report
「Each year, the Board of Directors conducts a detailed review of the purpose of holding every security, the enhancement of corporate value through business transactions, the medium- to long-term outlook, and the amount of dividends, among other factors. The company is proceeding with a policy of selling holdings when their rationale cannot be established.」
The company held 19 policy shareholdings, comprising 5 unlisted and 14 listed holdings, and their carrying amount increased from ¥3,536 million to ¥3,848 million. During the fiscal year, the company sold 1 unlisted holding. - FY2023Decrease in the number and increase in the value of policy shareholdingsAnnual report
「Each year, the Board of Directors conducts a detailed review of the purpose of holding every security, the enhancement of corporate value through business transactions, the medium- to long-term outlook, and the amount of dividends, among other factors. The company is proceeding with a policy of selling holdings when their rationale cannot be established.」
The number of policy shareholdings decreased from 22 to 19, while their carrying amount increased from ¥3,378 million to ¥3,536 million. The policy of verifying the rationale for retaining all holdings and selling them where appropriate continues. - FY2021Increase in the value of policy shareholdings and identification of holdings scheduled for saleAnnual report
「The holdings comprised 5 unlisted securities and 17 securities other than unlisted shares, with a total balance-sheet carrying amount of ¥3,378 million.」
The company held 22 policy shareholdings, and their carrying amount increased from ¥3,066 million in the previous fiscal year to ¥3,378 million. It also identified holdings scheduled for sale, taking market conditions into consideration. - FY2020Decrease in the number and value of policy shareholdings and clarification of the verification of holding rationaleAnnual report
「Each year, the Board of Directors conducts a detailed review of the purpose of holding every security, the enhancement of corporate value through business transactions, the medium- to long-term outlook, and the amount of dividends, among other factors. The company is proceeding with a policy of selling holdings when their rationale cannot be established.」
The disclosure changed from 24 policy shareholdings with a carrying amount of ¥3,623 million to 22 holdings, comprising 5 unlisted and 17 listed holdings, with a carrying amount of ¥3,066 million. The company also explicitly stated its policy of reviewing all holdings annually at Board of Directors meetings and selling those without a rationale for retention. - FY2018Increase in the Valuation of Strategic ShareholdingsAnnual report
「Number of holdings 24 holdings Total amount recognized on the balance sheet ¥3,623 million」
The company held 24 policy shareholdings to maintain business relationships and cooperation in manufacturing, and their balance-sheet carrying amount increased from ¥3,433 million in the previous fiscal year to ¥3,623 million. - FY2017Increase in the Valuation of Strategic ShareholdingsAnnual report
「Number of holdings 24 holdings Total amount recognized on the balance sheet ¥3,433 million」
The company held 24 policy shareholdings to maintain business relationships and cooperation in manufacturing, and their balance-sheet carrying amount increased from ¥2,739 million in the previous fiscal year to ¥3,433 million. - FY2016First statedAnnual report
「Number of holdings 24 holdings Total amount recognized on the balance sheet ¥2,739 million」
The company held 24 equity securities for purposes other than pure investment, with a balance-sheet carrying amount of ¥2,739 million, mainly to maintain smooth business relationships and cooperation in manufacturing.