Cross-shareholdings intended to facilitate business relationships
First written in FY2017. 3 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2019: 18 of 136 companies on the "Worse" side.
- FY2023AdvancedAnnual report
「Following the Board of Directors’ review of cross-shareholdings as of 31 March 2023, the Company decided to consider selling 1 issue because the benefits of holding it had declined. The remaining 6 issues were determined to be held for purposes that contribute to maintaining medium- to long-term relationships with the issuing companies’ groups and expanding transactions, among others. As their holdings were considered valid and economically rational, the Company decided to continue holding them.」
The Board of Directors reviewed the cross-shareholdings, began considering the sale of 1 issue whose holding benefits had declined, and decided to continue holding the remaining 6 issues. - FY2023-Q2AdvancedAnnual report
「In addition, as a result of selling part of its holdings, net income attributable to owners of the parent was ¥484 million, up 863.9% year on year.」
The Company sold part of its holdings and recorded a gain on sales of investment securities of ¥466 million. The balance of investment securities also declined from ¥2,200 million at the end of the previous fiscal year to ¥824 million. - FY2021AdvancedAnnual report
「As one of the issues subject to review was found to lack validity and holding benefits in terms of both its holding purpose and economic rationality, it was sold during the current consolidated fiscal year. In addition, following the Board of Directors’ review of cross-shareholdings as of 31 March 2021, the remaining 7 issues were determined to be held for purposes that contribute to maintaining medium- to long-term relationships with the issuing companies’ groups and expanding transactions, among others. As their holdings were considered valid and economically rational, the Company decided to continue holding them.」
The Board of Directors reviewed the cross-shareholdings, sold 1 issue for which the validity and holding benefits were not recognized, and decided to continue holding the remaining 7 issues. - FY2018RestatedAnnual report
「21 issues ¥1,997 million」
The Company held 21 investment securities other than those held solely for investment purposes, with a carrying amount on the balance sheet of ¥1,997 million. The purpose of holding them was to facilitate business relationships. - FY2017First statedAnnual report
「21 issues ¥2,091 million」
The Company held 21 investment securities other than those held solely for investment purposes, with a carrying amount on the balance sheet of ¥2,091 million. The stated purpose of holding the individual issues was “to facilitate business relationships.”