Verification of the Rationale for Strategic Shareholdings and Strengthening the Business Foundation
First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「During the fiscal year, the number of shares held decreased for 1 unlisted holding and 3 listed holdings, with total sale proceeds related to the decreases in shareholdings amounting to ¥573 million.」
For cross-shareholdings, the company reduced its holdings by 1 unlisted holding and 3 listed holdings and recorded total sale proceeds of ¥573 million. - FY2024AdvancedAnnual report
「During the fiscal year, the number of shares held decreased for 1 unlisted holding and 2 listed holdings, with total sale proceeds related to the decreases in shareholdings amounting to ¥471 million.」
For cross-shareholdings, the company sold 2 listed holdings and other holdings and recorded total sale proceeds of ¥471 million. It also explicitly stated its policy of selling shares for which there is no rational reason to continue holding them. - FY2023RestatedAnnual report
「For each listed domestic shareholding, the company determines once a year at a Board of Directors meeting whether continued ownership is rational, based on the number of shares held as of the end of December each year, their market and book values, and the business relationship with the investee.」
The company continues its policy of verifying the rationale for cross-shareholdings once a year at a Board of Directors meeting. During the year, it sold 1 listed holding and increased the number of shares held in 2 holdings. - FY2022One holding sold and two holdings increasedAnnual report
「During the fiscal year, the number of shares held increased for 2 holdings, with total acquisition costs related to the increases in shareholdings amounting to ¥12 million.」
For cross-shareholdings, the company disclosed an increase in 2 holdings resulting from major customers joining employee shareholding associations and the sale of 1 holding based on a Board of Directors decision. - FY2020RestatedAnnual report
「For each listed domestic shareholding, the company determines once a year at a Board of Directors meeting whether continued ownership is rational, based on the number of shares held as of the end of December each year, their market and book values, and the business relationship with the investee.」
The company continues its policy of holding cross-shareholdings to strengthen the business base through alliance and business relationships and verifying the rationale once a year at a Board of Directors meeting. - FY2019First statedAnnual report
「The company holds investment shares for purposes other than pure investment when it determines that doing so will help maintain alliance relationships, facilitate business relationships with customers and financial institutions, and contribute to enhancing corporate value as a business or financial foundation.」
For cross-shareholdings, the company has newly presented as a separate theme its policy of holding shares to strengthen the business base by maintaining alliance and business relationships and verifying the rationale for each holding once a year at a Board of Directors meeting.