Risk of Decline in the Share Prices of Holdings
First written in FY2016. 4 of 8 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 50 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Unlisted shares: 2 holdings, ¥1 million. Information on the number of shares and balance sheet carrying amount for each specified investment shareholding: None applicable.」
At the end of the fiscal year, investment securities consisted of 2 unlisted shareholdings worth ¥1 million, while no specified investment shareholdings were applicable. This confirms the status following the reduction of listed cross-shareholdings. - FY2025MitigatedAnnual report
「The shares had been held to maintain business relationships, but all the shares were sold during the fiscal year.」
All 4,220 shares of Sumitomo Mitsui Financial Group and 38,000 shares of Ikeda Senshu Holdings were sold, reducing listed cross-shareholdings. - FY2022MitigatedAnnual report
「For shares other than unlisted shares, the number of holdings decreased for 1 issue during the fiscal year, and the total sale proceeds were ¥21 million.」
1 holding was sold, reducing the balance of investment securities from ¥46 million to ¥24 million. The reduction of cross-shareholdings is progressing. - FY2021RestatedAnnual report
「Our Group's policy on cross-shareholdings is to carefully examine whether continuing to hold or reducing the holdings would benefit the Group, and then deliberate the matter at the Board of Directors.」
The policy of reviewing whether to continue holding or reduce shareholdings from the perspectives of benefits, cost of capital and other factors, and making a decision at the Board of Directors, has been stated. - FY2020MitigatedAnnual report
「In addition, investment securities decreased by ¥106 million following the sale of part of the cross-shareholdings.」
The balance of investment securities decreased by ¥106 million following the sale of part of the cross-shareholdings. This indicates a move to reduce exposure to fluctuations in the prices of holdings. - FY2019-Q3MaterialisedAnnual report
「Impairment loss on investment securities ¥6 million」
An impairment loss of ¥6 million on investment securities was recognized as an extraordinary loss during the cumulative third quarter of the consolidated fiscal year. A realized example of the risk of valuation losses on shareholdings was newly disclosed. - FY2017RestatedAnnual report
「A further decline in share prices could require the Group to recognize valuation losses on its holdings and may affect the Group's operating results and financial position.」
The risk of valuation losses due to declines in the share prices of holdings is reiterated. - FY2016First statedAnnual report
「A further decline in share prices could require the Group to recognize valuation losses on its holdings and may affect the Group's operating results and financial position.」
Risk of valuation losses due to declines in the market prices of cross-shareholdings and other holdings.