Maintaining Business Relationships Through Strategic Shareholdings
First written in FY2016. . Latest entry: FY2025.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2025Continued reduction in the number of cross-held shares and conversion to shares held for pure investment purposesAnnual report
「Unlisted shares 7 216,309 Shares other than unlisted shares 6 1,483,204」
Shares held for purposes other than pure investment totaled 13 issues, down from 15 in the previous fiscal year. In addition, Iwatani shares were converted from cross-holding purposes to pure investment purposes. - FY2024Decrease in the number of cross-held shares and conversion to shares held for pure investment purposesAnnual report
「Unlisted shares 8 218,309 Shares other than unlisted shares 7 1,280,656 KOATSU GAS KOGYO CO.,LTD. 182,446 149,058」
Shares held for purposes other than pure investment totaled 15 issues, with a carrying value of ¥1,498.965 million, down from 16 issues in the previous fiscal year. During the fiscal year, 182,446 shares of KOATSU GAS KOGYO CO.,LTD. were converted to shares held for pure investment purposes. - FY2023Decrease in the number of cross-held shares and increase in carrying value; sales and conversion to pure investment purposes also undertakenAnnual report
「Unlisted shares 8 218,309 Shares other than unlisted shares 8 1,322,369」
Shares held for purposes other than pure investment totaled 16 issues, with a carrying value of ¥1,540.678 million. Compared with 18 issues and ¥1,501.81 million in the previous fiscal year, the number of issues decreased while the carrying value increased. The company also disclosed the complete sale of Ihara Science shares and the conversion of Dai-ichi Life Holdings shares to shares held for pure investment purposes. - FY2022Continued reduction in the number and carrying value of cross-held shares and conversion to shares held for pure investment purposesAnnual report
「Unlisted shares 8 218,309 Shares other than unlisted shares 10 1,283,501」
Shares held for purposes other than pure investment totaled 18 issues, with a carrying value of ¥1,501.81 million, down from 21 issues in the previous fiscal year. The company also converted the purpose of holding shares including Nippon Sanso Holdings to pure investment. - FY2021Continued reduction in the number of cross-held shares and conversion to shares held for pure investment purposesAnnual report
「Unlisted shares: 9, ¥283,569 thousand; shares other than unlisted shares: 12, ¥2,263,764 thousand」
Shares held for purposes other than pure investment totaled 21 issues, down from 24 in the previous fiscal year. In addition, the shares of Sumitomo Mitsui Financial Group, Sala Corporation and Mizuho Financial Group, 3 issues in total, were converted to shares held for pure investment purposes. - FY2020Decrease in the number and carrying value of cross-held shares, with some converted to shares held for pure investment purposesAnnual report
「Unlisted shares 9 281,804 Shares other than unlisted shares 15 2,060,769」
Shares held for purposes other than pure investment totaled 24 issues, with a carrying value of ¥2,342.573 million, down from 33 issues and ¥2,510.268 million in the previous fiscal year. In addition, 9 issues were converted to shares held for pure investment purposes. - FY2019Decrease in number of holdings and increase in carrying valueAnnual report
「Number of issues (issues) Total amount recognized on the balance sheet (¥ thousand) Unlisted shares 9 279,564 Shares other than unlisted shares 24 2,230,704」
Cross-held shares held to maintain smooth business relationships and for other purposes totaled 33 issues, with a carrying value of ¥2,510.268 million. Compared with 40 issues and ¥2,083.441 million in the previous fiscal year, the number of issues decreased while the carrying value increased. The company states that it confirms transaction status and the financial position and operating results of the issuing companies when assessing the rationale for holding the shares. - FY2018Increase in number of holdings and decrease in carrying valueAnnual report
「Number of issues 40 issues Total amount recognized on the balance sheet ¥2,083,441 thousand」
The number of cross-held shares held to maintain smooth business relationships and for other purposes was 40, with a carrying value of ¥2,083.441 million. Compared with the 39 issues and ¥2,334.253 million stated for the previous fiscal year, the number of issues increased while the carrying value decreased. - FY2017Decrease in number of holdings and increase in carrying valueAnnual report
「Number of issues: 39 Total amount recognized on the balance sheet: ¥2,334,253 thousand」
The number of investment shares held for purposes other than pure investment decreased to 39, from 40 in the previous fiscal year, while the amount recognized on the balance sheet increased to ¥2,334.253 million. The purpose of holding each issue continues to be stated as maintaining smooth business relationships and for other purposes. - FY2016First statedAnnual report
「Investment shares held for purposes other than pure investment Number of issues: 40 Total amount recognized on the balance sheet: ¥1,847,111 thousand Purpose of holding To maintain smooth business relationships and for other purposes」
The company states that it holds investment shares for purposes other than pure investment in order to maintain smooth business relationships and for other purposes.