Strategic Shareholdings Held to Maintain and Strengthen Business and Materials Supply Relationships
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2024RestatedAnnual report
「In addition, for listed shares, we verify whether the purpose of holding them remains appropriate, including qualitative considerations related to business strategy, such as maintaining smooth and sound relationships with investee companies and expanding transactions, as well as whether the benefits and risks of holding them are commensurate with the cost of capital. We review each year whether continued ownership is warranted and report the findings to the Board of Directors periodically.」
The company continues its annual review of the rationale for cross-shareholdings held to maintain and expand business relationships, including comparison with the cost of capital. - FY2021RestatedAnnual report
「For listed shares, the company verifies whether the holding purpose remains appropriate, considering qualitative aspects related to business strategy, such as maintaining smooth and favorable relationships with investee companies and expanding transactions, as well as whether the benefits and risks associated with the holdings are commensurate with the cost of capital. It reviews each year whether continued ownership is warranted and regularly reports the results to the Board of Directors.」
The company continues its annual review of the rationale for cross-shareholdings held to maintain and expand business relationships, including comparison with the cost of capital. - FY2019RestatedAnnual report
「The company’s policy is to hold shares for purposes other than pure investment when doing so is expected to enhance the Group's corporate value and benefit shareholders, investors and other stakeholders by enabling the Group to maintain medium- to long-term relationships with business partners and expand transactions.」
The company continues its policy of holding cross-shareholdings to maintain and expand business relationships and conducting an annual review of their rationale. - FY2018First statedAnnual report
「Shares held for purposes other than pure investment Number of securities 31 securities Total balance-sheet carrying amount ¥6,623 million」
The company held 31 cross-shareholdings with a total balance-sheet carrying amount of ¥6,623 million. Its main purposes for holding them were to maintain and strengthen business relationships and secure a stable long-term supply of materials and gas.