Policy-Held Shares Held to Maintain Business Relationships
First written in FY2017. 2 of 10 entries say "Reframed", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Update on Cross-ShareholdingsAnnual report
「For the current fiscal year, the Board of Directors confirmed at its meeting on 9 January 2026 that the company would continue holding each security because the purpose of holding it was considered meaningful.」
At its meeting on 9 January 2026, the Board of Directors confirmed the policy of continuing to hold each security. The company held 4 unlisted securities worth ¥814 million and 6 listed and other securities worth ¥5,532 million, newly acquired 1 unlisted security for ¥9 million, and sold 1 listed and other security for ¥111 million. - FY2025Change in holding classification and update of holdingsAnnual report
「For the current fiscal year, the Board of Directors confirmed at its meeting on 10 January 2025 that the company would continue holding each security because the purpose of holding it was considered meaningful. Number of securities (Number of securities) Total amount recognized on the balance sheet (¥ million) Unlisted shares 3 753 Shares other than unlisted shares 7 5,704 (Note) One security classified as an unlisted share was reclassified as a share other than an unlisted share from the current fiscal year following its new listing.」
Discloses that the Board of Directors confirmed the policy of continuing to hold the securities at its meeting on 10 January 2025. Following a new listing, 1 security was reclassified from unlisted shares to listed and other shares. Holdings were 3 unlisted securities worth ¥753 million and 7 listed and other securities worth ¥5,704 million. - FY2024Update on Cross-ShareholdingsAnnual report
「For the current fiscal year, the Board of Directors confirmed at its meeting on 12 January 2024 that the company would continue holding each security because the purpose of holding it was considered meaningful. Number of securities (Number of securities) Total amount recognized on the balance sheet (¥ million) Unlisted shares 4 851 Shares other than unlisted shares 6 5,332 Securities whose number of shares increased during the current fiscal year Unlisted shares 1 99 Newly acquired for purposes including a capital and business alliance」
Discloses that the annual review by the Board of Directors resulted in confirmation on 12 January 2024 of the policy of continuing to hold the securities. The company acquired 1 unlisted security for ¥99 million for purposes including a capital and business alliance, resulting in holdings of 4 unlisted securities worth ¥851 million and 6 listed and other securities worth ¥5,332 million. - FY2023ReframedAnnual report
「In principle, we do not hold strategic shareholdings, except where they are considered necessary for business alliances, maintaining or expanding transactions, or the smooth operation of the business in pursuit of medium- to long-term business expansion and sustainable development. In principle, the Board of Directors assesses the rationality of strategic shareholdings once a year, comprehensively considering quantitative factors for each security, including dividends received, interest received, fair value, valuation gains or losses and transaction volume with the investee, as well as qualitative factors such as maintaining and expanding transactions, to verify whether the risks associated with holding them are commensurate.」
The policy of generally not holding strategic shareholdings now specifies exceptions for business alliances, maintaining or expanding transactions, and business operating needs. The annual review by the Board of Directors is also continuing. - FY2022RestatedAnnual report
「In principle, the Board of Directors assesses the rationality of strategic shareholdings once a year, comprehensively considering quantitative factors for each security, including dividends received, interest received, fair value, valuation gains or losses and transaction volume with the investee, as well as qualitative factors such as maintaining and expanding transactions, to verify whether the risks associated with holding them are commensurate. If continued holding is not considered appropriate as a result of the review, we will proceed with a reduction. For the current fiscal year, the Board of Directors confirmed at its meeting on 11 January 2022 that the company would continue holding each security because the purpose of holding it was considered meaningful.」
Discloses the annual quantitative and qualitative review by the Board of Directors and the confirmation on 11 January 2022 of the policy of continuing to hold each security. - FY2021AdvancedAnnual report
「In principle, the Board of Directors assesses the rationality of strategic shareholdings once a year, comprehensively considering quantitative factors for each security, including dividends received, interest received, fair value, valuation gains or losses and transaction volume with the investee, as well as qualitative factors such as maintaining and expanding transactions, to verify whether the risks associated with holding them are commensurate. If continued holding is not considered appropriate as a result of the review, we will proceed with a reduction. For the current fiscal year, the Board of Directors confirmed at its meeting on 12 January 2021 that the company would continue holding each security because the purpose of holding it was considered meaningful.」
Discloses the annual quantitative and qualitative review by the Board of Directors and the specific practice of confirming on 12 January 2021 the policy of continuing to hold each security. - FY2020ReframedAnnual report
「In principle, we do not hold strategic shareholdings, except where we determine that doing so will contribute to enhancing our corporate value for the purposes of medium- to long-term business expansion and sustainable development. For each security, the Board of Directors determines whether continued holding is appropriate after reviewing it from the perspectives of maintaining smooth and sound business relationships with the business partner over the medium to long term, the purpose of holding it, other relevant considerations, and economic rationality, including the cost of capital. If continued holding is not considered appropriate, we will proceed with a reduction.」
The policy has been revised from explaining the purpose of holdings as maintaining business relationships to a policy of generally not holding them, review by the Board of Directors including the cost of capital, and reduction where continued holding is not considered appropriate. - FY2019Decrease in the book value of strategic shareholdingsAnnual report
「Number of securities 9 Total amount recognized on the balance sheet ¥5,401 million」
The number of strategic shareholdings remained unchanged at 9, while the amount recognized on the balance sheet decreased from ¥6,475 million in the previous fiscal year to ¥5,401 million. The purpose of holding them remains to maintain smooth business relationships. - FY2018Increase in strategic shareholdingsAnnual report
「Number of securities 9 Total amount recognized on the balance sheet ¥6,475 million The company holds investment securities for purposes other than pure investment, to maintain smooth business relationships.」
The number of strategic shareholdings increased from 8 in the previous fiscal year to 9, while the amount recognized on the balance sheet increased from ¥4,212 million to ¥6,475 million. The purpose of holding them, maintaining smooth business relationships, has not changed. - FY2017First statedAnnual report
「Number of securities 8 Total amount recognized on the balance sheet ¥4,212 million Purpose of holding To maintain smooth business relationships」
The company holds 8 securities for purposes other than pure investment, with a total amount recognized on the balance sheet of ¥4,212 million. The purpose of holding them is to maintain smooth business relationships.