Maintaining business relationships through strategic shareholdings
First written in FY2017. 3 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 16 of 137 companies on the "Worse" side.
- FY2026Sold 1 listed equity holdingAnnual report
「The shares were held to expand sales of our products by strengthening business relationships, but all shares were sold during the fiscal year because the rationale for holding them had diminished.」
As part of cross-shareholdings, all shares of Daio Paper Corporation were sold during the fiscal year because the rationale for holding them had diminished, for proceeds of ¥8 million. - FY20241 unlisted shareholding soldAnnual report
「(Holdings for which the number of shares declined during the fiscal year) Unlisted shares 1 11」
During the fiscal year, the company sold 1 unlisted policy-held equity holding for proceeds of ¥11 million. There was no reduction in the number of shares of holdings other than unlisted shares. - FY2022No reduction in the number of policy-held shares during the fiscal yearAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
The Board of Directors' review of the rationale for holdings and the policy of selling holdings whose significance has diminished remain in place, but no holdings had a reduction in the number of shares during the fiscal year. - FY2021AdvancedAnnual report
「During the fiscal year, the number of shares declined for 2 holdings other than unlisted shares, with total proceeds from sales associated with the reduction amounting to ¥103 million.」
The company sold 2 policy-held equity holdings for total proceeds of ¥103 million. - FY2020AdvancedAnnual report
「For equity holdings held for purposes other than pure investment, the company annually verifies at Board of Directors meetings the quantitative rationality of the investment's risk and return in light of the cost of capital. It also verifies the necessity of holding the shares, including whether business alliances that contribute to improving the company's medium- to long-term corporate value and the maintenance and strengthening of business relationships are being achieved. The policy is to sell holdings whose significance has diminished as appropriate.」
During the fiscal year, the company sold 4 policy-held equity holdings for total proceeds of ¥270 million. The review of the significance of holdings and the sale policy led to actual sales. - FY2019AdvancedAnnual report
「For equity holdings held for purposes other than pure investment, the company annually verifies at Board of Directors meetings the quantitative rationality of the investment's risk and return in light of the cost of capital. It also verifies the necessity of holding the shares, including whether business alliances that contribute to improving the company's medium- to long-term corporate value and the maintenance and strengthening of business relationships are being achieved. The policy is to sell holdings whose significance has diminished as appropriate.」
The company specified an annual quantitative review by the Board of Directors of the risk and return of policy-held shares and a policy of selling them when their significance as holdings has diminished. - FY2017First statedAnnual report
「Continued to hold after acquisition in order to maintain smooth business relationships」
For several specified equity holdings, the company explains that the purpose of holding them is to maintain smooth business relationships.