Cross-shareholdings held to maintain and strengthen business relationships
First written in FY2017. 12 of 13 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「In the fiscal year under review, based on the results of the review conducted at the Board of Directors meeting held in April 2025, the Company fully sold 4 securities and partially sold 2 securities among its specified investment securities (total sale price: ¥450.9 billion).」
Regarding strategic shareholdings, the Company fully sold 4 securities and partially sold 2 securities, selling ¥450.9 billion. It continues its policy of reducing low-return assets and not holding shares whose ownership is not deemed reasonable. - 2026-05-23AdvancedGeneral Meetings of Shareholders
「During the fiscal year, we sold all shares in 4 listed companies and part of our holdings in 2 companies, for proceeds of ¥450.9 billion. As of the end of March 2026, the number of holdings had declined to 9. We will continue to reduce these holdings and create corporate value by directing the cash generated toward investments necessary for our growth strategy.」
Cross-shareholdings had declined to 9 issues. The company disclosed sales proceeds of ¥450.9 billion during the fiscal year, along with a policy of further reducing the holdings and allocating the proceeds to growth investments. - FY2026-H1AdvancedAnnual report
「As the Company plans to tender its Toyota Industries Corporation shares in the tender offer by Toyota Fudosan Co., Ltd., it has classified its holdings of Toyota Industries Corporation shares as held for sale.」
Regarding the reduction of strategic shareholdings, the Company classified its Toyota Industries Corporation shares as held for sale because it plans to tender them in the tender offer, and changed their accounting classification in preparation for the sale. - FY2025AdvancedAnnual report
「In the fiscal year under review, based on the results of the review conducted at the Board of Directors meeting held in April 2024, the Company fully sold 5 securities and partially sold 2 securities among its specified investment securities (total sale price: ¥438.5 billion).」
Regarding strategic shareholdings, the Company fully sold 5 securities and partially sold 2 securities, selling ¥438,503 million. It has also decided to tender all 14,823,500 Toyota Industries Corporation shares in a tender offer. - FY2025-H1AdvancedAnnual report
「As of 29 March 2024, the Company classified its holdings of Toyota Industries Corporation shares as held for sale after partially selling the shares and entering into a prepaid forward contract covering all of the remaining shares.」
Regarding the reduction of strategic shareholdings, the Company disclosed the partial sale of Toyota Industries Corporation shares and a prepaid forward contract covering all remaining shares, and classified the holdings as held for sale. - FY2024AdvancedAnnual report
「In the fiscal year under review, based on the results of the reviews conducted at the Board of Directors meetings held in April 2023 and November 2023, the Company fully sold all shares of 8 securities and partially sold 3 securities among its specified investment securities (total sale price: ¥125.8 billion).」
The Company accelerated the reduction of its strategic shareholdings, fully selling 8 securities and partially selling 3 securities for ¥125.8 billion. It has also resolved an additional policy on selling shareholdings, including unwinding cross-shareholding relationships. - FY2023AdvancedAnnual report
「In the fiscal year under review, based on the results of the review conducted at the Board of Directors meeting held in May 2022, the Company fully sold 3 securities and partially sold 4 securities among its specified investment securities (total sale price: ¥44.2 billion).」
Regarding strategic shareholdings, the Company fully sold 3 securities and partially sold 4 securities, reducing its holdings by ¥44.2 billion. It has also expressly stated a policy of not holding securities unless the rationale for holding them is deemed reasonable. - FY2022AdvancedAnnual report
「In the fiscal year under review, based on the results of the review conducted at the Board of Directors meeting held in April 2021, the Company fully sold 6 securities and partially sold 3 securities among its specified investment securities (total sale price: approximately ¥54.6 billion).」
Regarding strategic shareholdings, based on the Board of Directors' review, the Company fully sold 6 securities and partially sold 3 securities, reducing its holdings by approximately ¥54.6 billion. - FY2021AdvancedAnnual report
「In the fiscal year under review, based on the results of the review conducted at the Board of Directors meeting held in April 2020, the Company fully sold 6 securities and partially sold 3 securities among its specified investment securities (total sale price: approximately ¥24.4 billion).」
Based on the Board of Directors' review of the rationale for the holdings, the Company fully sold 6 securities and partially sold 3 securities, reducing its holdings by approximately ¥24.4 billion. - FY2020AdvancedAnnual report
「In the fiscal year under review, based on the review conducted at the Board of Directors meeting in April 2019, the Company fully sold 8 securities and partially sold 4 securities among its specified investment securities after obtaining sufficient understanding through dialogue with the investee companies (total sale price: approximately ¥14.8 billion).」
Based on the Board of Directors' review of strategic shareholdings, the Company fully sold 8 securities and partially sold 4 securities as a specific reduction of its holdings. - FY2019AdvancedAnnual report
「Each year, the Board of Directors carefully examines the significance of holding each security, whether the benefits and risks of holding it are commensurate with the cost of capital, and makes a comprehensive determination as to whether it should be held. For securities whose holding is not deemed reasonable, the Company considers reducing its holdings.」
The Company has established a specific policy for strategic shareholdings under which the Board of Directors reviews each security annually, including whether the holding is commensurate with the cost of capital, and reduces holdings where they are not deemed reasonable. - FY2018AdvancedAnnual report
「Number of investment securities held for purposes other than pure investment, and total amount recognized on the balance sheet: 123 securities; ¥624,701 million」
The disclosed amount of strategic shareholdings held to maintain and strengthen business relationships increased from 117 securities and ¥493,259 million in the previous fiscal year to 123 securities and ¥624,701 million. - FY2017First statedAnnual report
「Number of equity holdings whose purpose is other than pure investment, and total balance-sheet carrying amount: 117 holdings, ¥493,259 million. Purpose of holding: maintaining and strengthening business relationships」
For policy-held shares held to maintain and strengthen relationships with business partners, the company has disclosed for the first time the number of holdings and their balance-sheet carrying amount in a form that allows them to be extracted as a distinct theme.