Holding Investment Shares to Strengthen Business Relationships
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026Updated cross-shareholding informationAnnual report
「1 unlisted stock, total balance sheet carrying amount ¥0 thousand; 6 stocks other than unlisted stocks, total balance sheet carrying amount ¥1,042.672 million」
Strategic shareholdings comprised 1 unlisted issue and 6 listed issues, with listed shares recorded at ¥1,042.672 million at the end of the fiscal year. There was no change in the number of shares held during the fiscal year. - FY2024RestatedAnnual report
「Every year, the Company conducts a specific review at a Board of Directors meeting of medium- to long-term economic rationality, the appropriateness of the holding purpose, the benefits and risks associated with the holdings, and comparisons with the cost of capital, and determines whether the shares should be held. As a result of the review, the Company plans to sell shares whose significance as continued holdings has diminished on a gradual basis.」
The company continues its policy of having the Board of Directors review cross-held shares annually and selling shares whose strategic significance has diminished over time. There was no change in the number of shares held during the fiscal year. - FY2023Updated cross-shareholding informationAnnual report
「Every year, the Company conducts a specific review at a Board of Directors meeting of medium- to long-term economic rationality, the appropriateness of the holding purpose, the benefits and risks associated with the holdings, and comparisons with the cost of capital, and determines whether the shares should be held. As a result of the review, the Company plans to sell shares whose significance as continued holdings has diminished on a gradual basis.」
The company has reconfirmed its policy of conducting annual reviews of cross-shareholdings by the Board of Directors and progressively selling shares whose strategic significance has diminished. At the end of the fiscal year, the holdings comprised 1 unlisted company and 6 listed companies. - FY2022RestatedAnnual report
「Every year, the Company conducts a specific review at a Board of Directors meeting of medium- to long-term economic rationality, the appropriateness of the holding purpose, the benefits and risks associated with the holdings, and comparisons with the cost of capital, and determines whether the shares should be held. As a result of the review, the Company plans to sell shares whose significance as continued holdings has diminished on a gradual basis.」
The company continues its policy of having the Board of Directors verify its cross-shareholdings annually and selling shares whose holding rationale has weakened on an ongoing basis. During the fiscal year, it held listed shares and other securities in 6 companies, with no decrease in the number of holdings during the fiscal year. - FY2020AdvancedAnnual report
「Following the review, the Company intends to sell shares successively where the rationale for continuing to hold them has diminished.」
Following a review of the rationale for holding them, the Company sold 1 unlisted issue and 5 listed issues whose significance had diminished. Total sale proceeds were ¥101.467 million. - FY2019Details of the policy for reviewing and selling cross-shareholdingsAnnual report
「Every year, the Company conducts a specific review at a Board of Directors meeting of medium- to long-term economic rationality, the appropriateness of the holding purpose, the benefits and risks associated with the holdings, and comparisons with the cost of capital, and determines whether the shares should be held. As a result of the review, the Company plans to sell shares whose significance as continued holdings has diminished on a gradual basis.」
In addition to a policy of holding shares to strengthen business relationships, the Company has established a policy of reviewing economic rationality and other factors annually at Board of Directors meetings and selling shares whose significance has diminished on a gradual basis. - FY2018First statedAnnual report
「Purpose of holding: Strengthening business relationships」
For investment shares held for purposes other than pure investment, strengthening business relationships is explicitly stated as the purpose of holding them. The company holds 13 issues, with a total balance sheet carrying amount of ¥350 million.