Risk of Share-Price Declines and Valuation Losses on Strategic Shareholdings
First written in FY2020. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2019: 13 of 44 companies on the "Worse" side.
20 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Accordingly, as stated in “Part 4. Information on the Filing Company, 4. Corporate Governance, etc.,” we control our holdings by establishing rules including that the total balance-sheet carrying amount of cross-shareholdings must not exceed 10% of consolidated net assets at the most recent fiscal year-end.」
In contrast to the excess above 10% reported in the previous fiscal year, the ratio fell below 10% as of March 2025 following share sales. - FY2024WorsenedAnnual report
「As a result of rising share prices of the holdings, as of 31 March 2024, the total balance-sheet carrying amount of cross-shareholdings had come to exceed 10% of consolidated net assets.」
It states that, due to the rise in the share prices of cross-shareholdings, their carrying amount exceeded 10% of consolidated net assets. - FY2020First statedAnnual report
「If the stock market deteriorates, strategic shareholdings may generate losses on sales or valuation losses, which may affect operating results and financial position.」
It identifies the possibility of share price declines, losses on sales and valuation losses associated with holding cross-shareholdings as a separate risk.