Shareholdings Held to Strengthen Business and Financial Transaction Relationships with Business Partners
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026Clarification of the specific rationale for holdingsAnnual report
「As a general rule, the company does not hold shares for pure investment purposes. Shares held for purposes other than pure investment must satisfy the rationale for holding them, including business alliances, maintaining and strengthening business relationships, and economic rationality, and the basic policy is that they are expected to enhance the company’s corporate value. The company conducts an annual comprehensive review of each holding from various perspectives, including the issuer’s financial position, transaction volume with the company and its economic rationality, and comparison with the company’s cost of capital.」
While maintaining its policy of not holding shares for pure investment purposes, the company explicitly stated that it conducts an annual review of the rationale for its holdings, including economic rationality and comparison with its cost of capital. Strategic shareholdings comprised 10 companies, with a total carrying amount of ¥1,789.974 million. - FY2024AdvancedAnnual report
「As a general rule, the company does not hold shares for pure investment purposes. Shares held for purposes other than pure investment must satisfy the rationale for holding them, including business alliances and maintaining or strengthening business relationships, and the basic policy is that they are expected to generate synergies for the company’s business. "Shares other than unlisted shares 1 ¥425 thousand Increase due to continued acquisitions through the business partners’ shareholding association"」
The company disclosed 10 strategic shareholdings with a carrying amount of ¥1,299 million, and reported an increase in the number of shares in 1 company, worth ¥425 thousand, through the business partners’ shareholding association. The purpose of holding the shares is to maintain and strengthen business relationships and generate business synergies. - FY2022Acquisition of shares to strengthen business relationshipsAnnual report
「Shares other than unlisted shares 1 ¥386 thousand Strengthening business relationships」
During the fiscal year, the company acquired shares in 1 company for ¥386 thousand to strengthen business relationships. It also continues its policy of not holding shares for pure investment purposes and emphasizing business alliances, maintaining and strengthening business relationships, and synergies. - FY2021RestatedAnnual report
「As a general rule, the company does not hold shares for pure investment purposes. Shares held for purposes other than pure investment must satisfy the rationale for holding them, including business alliances and maintaining or strengthening business relationships, and the basic policy is that they are expected to generate synergies for the company’s business.」
The company continues its policy on strategic shareholdings of not holding shares for pure investment purposes and assessing holdings based on business alliances, maintaining and strengthening business relationships, and synergies. - FY2019ReframedAnnual report
「As a general rule, the company does not hold shares for pure investment purposes. Shares held for purposes other than pure investment must satisfy the rationale for holding them, including business alliances and maintaining or strengthening business relationships, and the basic policy is that they are expected to generate synergies for the company’s business.」
For strategic shareholdings, the company has reorganized its policy explanation from strengthening business and financial relationships to a policy of not holding shares for pure investment purposes and assessing them based on business alliances, maintaining and strengthening business relationships, and synergies. - FY2018RestatedAnnual report
「Investment objective」
The company continues to disclose strategic shareholdings held to strengthen business or financial relationships. - FY2017RestatedAnnual report
「Purpose of holding: Strengthening business relationships」
The company continues to disclose strategic shareholdings held to strengthen business or financial relationships. - FY2016First statedAnnual report
「Purpose of holding: Strengthening business relationships」
The company discloses its purpose for holding strategic shareholdings as primarily strengthening business relationships and, in some cases, strengthening financial relationships.