Strategic shareholdings held to maintain and strengthen business and trading relationships
First written in FY2018. 3 of 11 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Further reduction of strategic shareholdingsAnnual report
「26 unlisted issues: ¥456 million; 14 issues other than unlisted shares: ¥9,176 million.」
Strategic shareholdings totaled 40 issues, with a carrying amount of ¥9,632 million, down from 44 issues in the previous fiscal year. During the fiscal year, the company sold 8 listed shares and other securities and recorded proceeds of ¥428 million. - FY2025Further reduction of strategic shareholdingsAnnual report
「26 unlisted issues: ¥459 million; 18 issues other than unlisted shares: ¥9,124 million.」
Strategic shareholdings totaled 44 issues, with a carrying amount of ¥9,583 million, down from 55 issues and ¥12,388 million in the previous fiscal year. During the fiscal year, the company sold 5 listed shares and other securities and recorded proceeds of ¥124 million. - FY2024Further reduction of strategic shareholdingsAnnual report
「26 unlisted issues: ¥464 million; 21 issues other than unlisted shares: ¥11,321 million.」
Strategic shareholdings totaled 47 issues, with a carrying amount of ¥11,785 million. This was down from 60 issues and ¥12,460 million in the previous fiscal year. During the fiscal year, the company sold 12 listed shares and other securities and recorded proceeds of ¥1,054 million. - FY2024-Q3AdvancedAnnual report
「Profit attributable to owners of the parent exceeded the same period of the previous year because the company recorded extraordinary income from the sale of investment securities to improve asset efficiency.」
The company proceeded with the sale of investment securities to improve asset efficiency, recording a gain on sales of investment securities of ¥1,799 million and proceeds from sales of ¥2,756 million during the nine-month period ended the third quarter. - FY2024-Q2AdvancedAnnual report
「Profit attributable to owners of the parent exceeded the same period of the previous year because the company recorded extraordinary income from the sale of investment securities as part of its efforts to reduce strategic shareholdings and improve asset efficiency.」
The company proceeded with the sale of investment securities to reduce strategic shareholdings and improve asset efficiency, recording a gain on sales of investment securities of ¥1,478 million and sale proceeds of ¥2,358 million. - FY2023Further reduction of strategic shareholdingsAnnual report
「26 unlisted issues: ¥452 million; 29 issues other than unlisted shares: ¥11,936 million.」
Strategic shareholdings totaled 55 issues, with a carrying amount of ¥12,388 million, down from 60 issues and ¥12,460 million in the previous fiscal year. During the fiscal year, the company sold 5 listed shares and other securities and recorded proceeds of ¥429 million. - FY2022Reduction of cross-shareholdingsAnnual report
「26 unlisted issues: ¥451 million; 34 issues other than unlisted shares: ¥12,009 million.」
Strategic shareholdings totaled 60 issues, with a carrying amount of ¥12,460 million. During the fiscal year, the company sold 3 listed shares and other securities and recorded proceeds of ¥720 million. - FY2021RestatedAnnual report
「The Board of Directors determines whether to hold strategic shareholdings that are deemed necessary for the company's sustainable growth and the enhancement of corporate value over the medium to long term, including shares held to create business opportunities and maintain and strengthen sales and procurement relationships, after considering the benefits and risks associated with holding them. In addition, the Board of Directors individually determines each year whether to continue holding them, including from the perspective of whether the holdings are commensurate with the cost of capital.」
The company continues its policy of verifying each year whether strategic shareholdings should be retained based on their benefits and risks and comparisons with the cost of capital. - FY2020RestatedAnnual report
「The company holds shares deemed necessary for its sustainable growth and the enhancement of corporate value over the medium to long term, and the Board of Directors reviews the rationale for holding them every year from such perspectives as whether the benefits of holding them are commensurate with the cost of capital.」
The company continues its policy of verifying the rationale for holding strategic shareholdings each year by comparing the benefits with the cost of capital and using other measures. - FY2019AdvancedAnnual report
「The company holds shares deemed necessary for its sustainable growth and the enhancement of corporate value over the medium to long term, and the Board of Directors reviews the rationale for holding them every year from such perspectives as whether the benefits of holding them are commensurate with the cost of capital. Specifically, using the end of each fiscal year as the reference date, the company calculates the total yield for each issue based on transaction profits and annual dividends, and compares it with the weighted average cost of capital.」
For strategic shareholdings, the company has specified a method of verifying the rationale for holding them each year by comparing the total yield from transaction profits and dividends with the weighted average cost of capital. - FY2018First statedAnnual report
「Investment securities held for purposes other than pure investment: 67 issues; total carrying amount on the balance sheet: ¥14,861 million」
The company disclosed 67 investment securities held for purposes other than pure investment, with a total carrying amount of ¥14,861 million, and cited “maintaining and strengthening sales transactions” or “maintaining and strengthening business relationships” as the purpose of holding individual issues.