Review of strategic shareholdings limited to business alliances and enhanced corporate value
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「Papyless shares were held to enter the Webtoon business and expand the business through a capital and business alliance.」
As a new investment aligned with its cross-shareholding policy, the company acquired Papyless shares, indicating its entry into the Webtoon business through a capital and business alliance. - FY2021AdvancedAnnual report
「Sanrio shares had been held to maintain smooth business relationships, but all shares were sold during the current fiscal year.」
Based on its review of the rationale for the cross-shareholding, the company sold all of its Sanrio shares. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 4 November 2020, the company resolved to sell some of its cross-shareholdings and completed the sale. As a result, it expects to recognize a gain on the sale of investment securities as extraordinary income in the third quarter of the fiscal year ending March 2021.」
The company sold approximately ¥8.0 billion of cross-shareholdings and expected to recognize a gain on the sale of investment securities. Its review of the holding policy has progressed to actual asset sales. - FY2019First statedAnnual report
「The company limits its holdings to shares that enable business alliances, expanded transactions or similar benefits, and holds shares only when it believes that owning them will enhance the company's corporate value and benefit shareholders.」
The company stated a policy of limiting cross-shareholdings to those that contribute to business alliances, expanded transactions and corporate value enhancement, and assessing their appropriateness using quantitative and qualitative criteria.