Cross-Shareholdings to Maintain and Strengthen Business Relationships
First written in FY2017. 8 of 15 entries say "Advanced", first in FY2021-Q2. Latest entry: 2026-10-14.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- 2026-10-14AdvancedOccurring Fact
「We reviewed and reduced cross-shareholdings in accordance with the Corporate Governance Code and our policy for achieving management that is conscious of the cost of capital and share price.」
政策保有株式の見直し・縮減として、当社保有上場有価証券2銘柄を売却し、投資有価証券売却益28百万円を計上する。 - FY2027-H1AdvancedAnnual report
「Interim net income was ¥32 million, compared with an interim net loss of ¥432 million in the same period of the previous year, as the company recorded ¥114 million in expenses related to responding to the acquisition proposal associated with the planned commencement of a tender offer for the company’s shares by Japanet Holdings Co., Ltd., while also recording a ¥52 million gain on the sale of investment securities accompanying the sale of policy shares,」
The company recorded a ¥52 million gain on the sale of investment securities accompanying the sale of policy shares. Sales during the current interim accounting period were also reported in line with the policy of reducing shareholdings followed through the previous fiscal year. - 2026-08-10AdvancedOccurring Fact
「We reviewed and reduced cross-shareholdings in accordance with the Corporate Governance Code and our policy for achieving management that is conscious of the cost of capital and share price.」
The company specified the review and reduction of cross-shareholdings and plans to sell 1 listed security in August 2026, recognizing a ¥52 million gain on the sale of investment securities. - FY2026Increase in Holdings and No Sales During the Fiscal YearAnnual report
「Shares other than unlisted shares 9 209,525” “Issues whose number of shares declined during the fiscal year: Not applicable.」
The company disclosed 9 policy shareholdings with a balance sheet carrying amount of ¥209.525 million and no issues whose number of shares declined during the fiscal year. Its policy of reviewing the economic rationale and significance of holdings each fiscal year remains in place. - FY2025AdvancedAnnual report
「Shares other than unlisted shares 1 115,587」
The company sold 1 policy shareholding and recorded sale proceeds of ¥115.587 million. The balance sheet carrying amount of its shareholdings was ¥148.177 million. - FY2024AdvancedAnnual report
「Shares other than unlisted shares 9 200,162” “Shares other than unlisted shares 2 28,520」
For policy shares, the company held 9 listed-share issues and other issues with a carrying amount of ¥200.162 million, and sold 2 issues, recording sale proceeds of ¥28.520 million. - FY2021AdvancedAnnual report
「Issues whose number of shares declined during the fiscal year Shares other than unlisted shares 6 203,467」
The company sold 6 policy shareholdings and recorded sale proceeds of ¥203.467 million. The reduction is consistent with its policy of reviewing medium- to long-term value and economic rationale each fiscal year and selling holdings when their significance has diminished. - FY2021-Q3AdvancedAnnual report
「Notes and accounts receivable decreased by ¥1,000 million, merchandise and finished goods decreased by ¥852 million, and investment securities decreased by ¥110 million as a result of the sale of policy shares.」
The company states that investment securities decreased by ¥110 million as a result of the sale of policy shares, indicating that the reduction of its shareholdings is progressing. - FY2021-Q2AdvancedAnnual report
「While securing sufficient liquidity on hand in consideration of business-environment risks from COVID-19, the company has reduced interest-bearing debt by reducing total assets through measures including cutting inventories, reducing notes and accounts receivable, and scaling back policy shareholdings.」
The company explicitly identifies the reduction of policy shareholdings as a means of improving its financial position and recorded ¥184 million in proceeds from the sale of investment securities. The balance of investment securities also declined by ¥129 million from the end of the previous fiscal year. - FY2020ReframedAnnual report
「The company’s policy is to continue holding investment shares whose purpose is other than pure investment when it determines that holding the shares will contribute to enhancing its medium- to long-term value, through the establishment of stable business relationships or business alliances aimed at creating synergies, while selling them when it determines that the significance of holding them has diminished. Under this policy, the Board of Directors verifies the economic rationale and significance of the holdings each fiscal year and determines whether they should be retained.」
The company has formalized its policy for holding policy shares, including medium- to long-term value, economic rationale, annual verification by the Board of Directors, and sales when the significance of holding them has diminished, in addition to maintaining and strengthening business relationships. - FY2019Decrease in the number and balance of holdingsAnnual report
「20 issues ¥508.244 million」
The purpose of holding policy shares continues to be stated as “maintaining and strengthening business relationships,” but the number of issues held declined from 22 to 20 and the balance sheet carrying amount declined from ¥598.555 million to ¥508.244 million. - FY2018RestatedAnnual report
「22 issues ¥598.555 million」
For shares held for purposes other than pure investment, the company disclosed 22 issues with a balance sheet carrying amount of ¥598.555 million and continues to state the purpose of holding each issue as “maintaining and strengthening business relationships.” - FY2018-Q3Recognition of gain on saleAnnual report
「Gain on sale of investment securities 37,646 34,386」
The company recorded a ¥34.386 million gain on the sale of investment securities during the nine-month period ended the current third quarter. The main text does not explain the relationship to specified investment shares or the reasons for the sales. - FY2018-Q2Partial saleAnnual report
「Proceeds from the sale of investment securities 97,111」
During the six-month period ended the current second quarter, the company sold investment securities and recorded proceeds of ¥97.111 million. The balance of investment securities also declined from ¥627.727 million at the end of the previous fiscal year to ¥357.235 million, although the main text does not explain the reasons for the sales or their relationship to specified investment shares. - FY2017First statedAnnual report
「Maintaining and strengthening business relationships」
The company states that the purpose of holding specified investment shares is to maintain and strengthen business relationships. At the end of the fiscal year, it held 22 issues with a total balance sheet carrying amount of ¥615.444 million.