Cross-Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2017. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 16 of 137 companies on the "Worse" side.
- FY2026Continued acquisition of strategic holdings and verification of their rationaleAnnual report
「The company verifies the significance of each cross-shareholding every fiscal year. Based on the review as of 31 March 2026, it confirmed that all currently held cross-shareholdings are held for purposes consistent with its holding policy.」
The company continues its periodic review of strategic holdings and has confirmed their consistency with its holding policy. During the fiscal year, 1 listed issue was acquired through a business-partner stock ownership association, and no holdings were sold. - FY2024Decrease in the number of holdings and verification of their rationaleAnnual report
「The company verifies the significance of its cross-shareholdings individually each fiscal year. Based on the review as of 31 March 2024, it confirmed that all currently held cross-shareholdings were held for purposes consistent with its holding policy.」
The company continues to periodically verify the rationale for its strategic holdings and has confirmed that all current holdings comply with its policy. The holdings comprise 2 unlisted issues and 5 listed issues, for a total of 7 issues; during the fiscal year, 1 issue was acquired and 1 issue was sold. - FY2020Verification of the rationale for strategic holdings and clarification of the reduction policyAnnual report
「For each strategic holding, the company periodically verifies the rationale for the holding at meetings of the Board of Directors and other bodies, and has a policy of reducing holdings that lack a reasonable basis.」
In addition to a policy of holding shares to maintain and strengthen business relationships, the company clearly states that the Board of Directors and other bodies will conduct periodic reviews and that holdings lacking a reasonable basis will be reduced. - FY2017First statedAnnual report
「Number of issues and total balance-sheet amount of investment shares held for purposes other than pure investment 8 issues ¥1,016,456 thousand」
The company held 8 investment shares for purposes other than pure investment, with a total value of ¥1,016.456 million, and stated the purpose of holding each issue as “maintaining and strengthening business relationships.”