Cross-Shareholdings to Maintain and Develop Business Relationships
First written in FY2017. 8 of 10 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Unlisted shares 1 332 Acquisition of shares to expand our new business development」
We acquired ¥332 million of unlisted shares for the purpose of new business development. No policy-held shares were sold during the current fiscal year, with investment in new businesses taking precedence. - FY2025AdvancedAnnual report
「Unlisted shares 2 125 Acquisition of shares to expand our new business development” “Shares other than unlisted shares 4 1,816」
While acquiring ¥125 million of unlisted shares for the purpose of new business development, we sold 4 issues of listed shares for ¥1,816 million, pursuing the reduction of policy-held shares and investment in new businesses in parallel. - FY2024AdvancedAnnual report
「Unlisted shares 1 50 Acquisition of shares to expand our new business development」
While acquiring ¥50 million of unlisted shares for the purpose of expanding new business development, we also sold ¥296 million of listed shares. - FY2024-Q3AdvancedAnnual report
「Cash flow used in investing activities amounted to an outflow of ¥5,054 million, consisting mainly of ¥5,384 million in payments for the acquisition of property, plant and equipment (an outflow of ¥4,779 million in the same period of the previous year) and ¥296 million in proceeds from the sale of investment securities (proceeds of ¥410 million in the same period of the previous year).」
We continued selling investment securities to improve the efficiency of held assets and strengthen our financial position, and recognized a gain on sales of ¥200 million. - FY2023-Q3AdvancedAnnual report
「To improve the efficiency of our held assets and strengthen our financial position, we have recognized as extraordinary income the gains on sales resulting from the sale of some of our investment securities in the market.」
We continued selling policy-held shares and other securities to improve the efficiency of held assets and strengthen our financial position, and recognized a gain on sales of investment securities of ¥375 million. - FY2022RestatedAnnual report
「We hold shares in companies that we consider necessary to enhance corporate value from a medium- to long-term perspective, taking into comprehensive consideration the need to establish long-term cooperative relationships in areas such as technology, manufacturing and sales, as well as our business strategies and business relationships.」
For policy-held shares, the company disclosed that holdings were intended not only to maintain and develop business relationships but also to expand new business development, and verified the rationale for holding them. - FY2021AdvancedAnnual report
「With respect to the shares held, our finance department reviews the purpose for which each share was acquired, its current transaction amount and details, and other aspects of the transaction status, considers whether any shares are no longer consistent with the original acquisition purpose, and has a policy of disposing of or reducing, each year as promptly as possible, any shares whose significance as holdings is considered to have diminished, such as shares that are not expected to contribute to enhancing corporate value from a medium- to long-term perspective.」
The company disclosed its policy for verifying the rationale for holding policy-held shares and for disposing of or reducing them, and sold 5 issues during the fiscal year, generating proceeds of ¥2,957 million. - FY2021-Q2AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, we sold some of our investment securities in the market in order to improve the efficiency of our assets and strengthen our financial position.」
The company continued to sell investment securities, recording cumulative proceeds of ¥2,957 million and gains on sales of ¥1,247 million for the first half. The disposal aimed at improving asset efficiency and strengthening the financial position was reflected in actual results. - FY2021-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, we sold some of our investment securities in the market in order to improve the efficiency of our assets and strengthen our financial position.」
The company sold some of its investment securities in the market, recording ¥2,876 million in proceeds from investing activities and ¥1,233 million in gains on sales of investment securities. The disclosure showed a specific disposal aimed at improving asset efficiency and strengthening the financial position. - FY2017First statedAnnual report
「Specified investment shares” “Purpose of holding: maintaining and developing business relationships」
The company holds investment shares in 23 issues, with a total carrying amount of ¥9,220 million, for the purpose of maintaining and developing business relationships and other ties.