Acquisition and Review of Strategic Shareholdings to Strengthen Business Alliances
First written in FY2019. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Updated the sale of held shares and their valuationAnnual report
「A tender offer was conducted, and the shares held were sold. In connection with the application to the tender offer, the capital and business alliance agreement was terminated by mutual agreement.」
The company sold its shares in GMO Prime Strategy Co., Ltd. through a tender offer and terminated the capital and business alliance agreement by mutual agreement. Proceeds from the sale of investment securities of ¥57.280 million and a gain on sale of ¥29.535 million were recorded. - FY2025-H1Updated impairment loss on investment securitiesAnnual report
「Extraordinary loss: impairment loss on investment securities, ¥1.582 million」
The company recorded an impairment loss on investment securities of ¥1.582 million during the interim consolidated accounting period. The valuation status of investment securities held for the purpose of strengthening business collaboration was updated. - FY2023-Q2Disclosure of investment securities acquisitions and valuation lossesAnnual report
「The decrease in cash from investing activities was ¥14,828 thousand, compared with a decrease of ¥73,395 thousand in the same quarter of the previous year. The main factors contributing to the decrease included ¥28,830 thousand in expenditure for the acquisition of investment securities and ¥6,057 thousand in expenditure for the acquisition of property, plant and equipment and intangible assets. The main factor contributing to the increase was ¥21,303 thousand in proceeds from the recovery of security deposits, among others.」
During the six-month period ended in the second quarter, the company recorded ¥28.830 million in cash outflows for the acquisition of investment securities. The income statement also disclosed an impairment loss on investment securities of ¥3.860 million, updating the investment and valuation status of the shares held. - FY2021Updated the acquisition of unlisted shares and the balance of holdingsAnnual report
「(Holdings whose number of shares increased during the fiscal year under review) Unlisted shares 1 7,000. This was because the Company determined that the acquisition would contribute to enhancing corporate value by maintaining and strengthening its business relationships.」
During the fiscal year under review, the Company acquired unlisted shares for ¥7,000 thousand to maintain and strengthen its business relationships. Its holdings comprised 1 unlisted issue and 2 listed issues, with a total balance-sheet carrying amount of ¥92,007 thousand. - FY2021-Q2Updated the acquisition cost of investment securitiesAnnual report
「The main factors contributing to the decrease included ¥107,000 thousand in expenditure for the acquisition of investment securities and ¥133,487 thousand in expenditure for the acquisition of property, plant and equipment and intangible assets.」
The Company spent ¥107,000 thousand on the acquisition of investment securities during the cumulative second quarter under review. The investment amount associated with the policy of holding cross-shareholdings to strengthen business partnerships was updated. - FY2020Updated the holdings and balances and the review methodAnnual report
「The Company has a policy of holding shares for investment purposes other than pure investment purposes when it determines that doing so will contribute to enhancing corporate value, including by strengthening business partnerships.」
The Company disclosed 2 holdings, Sumitomo Realty & Development Co.,Ltd. and ANA HOLDINGS INC., with a total carrying amount on the balance sheet of ¥57,708 thousand, and described its method for reviewing the rationality of the holdings based on transaction status, cost of capital and other factors. - FY2020-Q2Additional disclosure of the acquisition cost of investment securitiesAnnual report
「The main factors contributing to the decrease included ¥200,000 thousand in expenditure for the acquisition of investment securities and ¥44,837 thousand in expenditure for the acquisition of property, plant and equipment and intangible assets.」
Expenditure of ¥200,000 thousand for the acquisition of investment securities was disclosed. The text did not provide details of the securities or the purpose of the acquisition. - FY2019First statedAnnual report
「The Company has a policy of holding shares for investment purposes other than pure investment purposes when it determines that doing so will contribute to enhancing corporate value, including by strengthening business partnerships.」
The Company stated its policy of holding cross-shareholdings to strengthen business partnerships and acquired shares in Sumitomo Realty & Development Co.,Ltd. for ¥90,255 thousand during the fiscal year under review. It also stated that it would review the profitability of these holdings based on transaction status, cost of capital and other factors.