Verifying the Rationale for Cross-Shareholdings
First written in FY2019. 2 of 7 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
- FY2026Additional investment for the EV charger and field engineering businessesAnnual report
「Unlisted shares: 2 holdings, ¥250 million. Investment made to maintain and expand the EV charger market share and expand the field engineering business strategy.」
While continuing to verify the rationale for cross-shareholdings, the company acquired 2 unlisted holdings for ¥250 million to maintain and expand its EV charger market share and expand its field engineering business strategy. - FY2025Additional acquisition of unlisted shares to maintain and expand the EV charger market shareAnnual report
「Unlisted shares: 3 holdings, ¥356 million. Investment made to maintain and expand the EV charger market share.」
While continuing to verify the rationale for cross-shareholdings, the company additionally acquired 3 unlisted holdings for ¥356 million to maintain and expand its EV charger market share. - FY2023The number of holdings increased through capital and business alliances, among other transactions.Annual report
「(Holdings for which the number of shares increased during the fiscal year) Shares other than unlisted shares: 3 holdings, ¥594 million. Regular purchases through an employee stock ownership plan and similar arrangements for the purpose of strengthening cooperation in the energy management business through a capital and business alliance and building a long-term relationship.」
While continuing to verify the rationale for cross-shareholdings, the company increased its holdings in 3 issues through capital and business alliances and regular purchases through an employee stock ownership plan, with total acquisition costs of ¥594 million. There were no holdings for which the number of shares decreased during the fiscal year. - FY2022AdvancedAnnual report
「The number of shares decreased for 3 holdings during the fiscal year, with total proceeds from sales of ¥242 million.」
As part of a review of holdings based on its policy for verifying the rationale for cross-shareholdings, the company disclosed the sale of 3 holdings for total proceeds of ¥242 million. - FY2020RestatedAnnual report
「Once a year, the management meeting reviews and deliberates on the rationale for holding shares from the perspectives of the effect of shareholdings on corporate value, share-price trends, growth potential and financial stability, among others. The details are then reported to the Board of Directors, which considers reviewing the holdings, including through sales, for issues judged to have insufficient rationale for continued ownership.」
The company continues to verify the rationale for cross-shareholdings at an annual management meeting, report the results to the Board of Directors and consider selling holdings judged to have insufficient rationale. - FY2020-Q1AdvancedAnnual report
「We recorded an extraordinary loss due to a decline in the market value of shares in a capital and business alliance partner. However, we also recorded an extraordinary gain from the sale of cross-shareholdings held by a subsidiary, among other factors, resulting in quarterly net income attributable to owners of the parent of ¥901 million, up 535.9% year on year.」
The company reported specific sale results related to its policy of verifying the rationale for continuing to hold cross-shareholdings. - FY2019First statedAnnual report
「We classify and hold shares other than those described above as cross-shareholdings when we determine that a business-strategic cooperative relationship is necessary and that the holdings will contribute to improving our corporate value over the medium to long term.」
The company has stated for the first time that it holds cross-shareholdings based on business-strategic cooperative relationships and their contribution to improving corporate value over the medium to long term, and that it verifies their rationale once a year at management meetings.