Shareholdings for Maintaining and Developing Business Relationships and Alliances
First written in FY2017. 8 of 9 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「This resulted from the sale of 3 domestic listed shares among the investment securities held by the Company.」
Under its policy of reducing cross-shareholdings, the Company sold 3 domestic listed shares during the fiscal year and recognized sale proceeds of ¥3,209 million and a gain on sale of ¥507 million. - FY2025AdvancedAnnual report
「For cross-shareholdings held in response to business conditions and strategic requirements, we will continue to hold those necessary to deepen our businesses, while changing the composition of our holdings, including through reductions, in line with the renewal and evolution of our businesses. Specifically, we will remain constantly focused on asset efficiency and manage our holdings under an internal standard of keeping them below 10% of consolidated net assets.」
The Company continues to apply its criteria for cross-shareholdings and sold 1 holding during the fiscal year, including unlisted shares. - FY2023AdvancedAnnual report
「This resulted from the sale of 2 domestically listed stocks among the investment securities held by the Company.」
Under its policy of reducing cross-shareholdings, the Company sold 2 domestic listed shares during the fiscal year and recognized a gain on sale of ¥715 million. - FY2022AdvancedAnnual report
「For cross-shareholdings held in response to business conditions and strategic requirements, we will continue to hold those necessary to deepen our businesses, while changing the composition of our holdings, including through reductions, in line with the renewal and evolution of our businesses. Specifically, with a challenge target of 10% ROE for fiscal 2024, we will remain constantly focused on asset efficiency and manage our holdings under an internal standard of keeping them below 10% of consolidated net assets.」
The Company explicitly states an internal standard of keeping cross-shareholdings below 10% of consolidated net assets, based on its 10% ROE target, and sold 5 domestic listed shares during the fiscal year. - FY2022-Q3AdvancedAnnual report
「This resulted from the sale of 4 domestic listed shares among the investment securities held by the Company.」
The Company disclosed the sale of 4 domestic listed shares under its policy of reducing cross-shareholdings. - FY2021AdvancedAnnual report
「For each individual holding, we conduct a detailed review of its purpose and economic rationale and verify whether it should be retained, and report the status of major cross-shareholdings to the Board of Directors every April. Holdings that do not align with their purpose are generally sold or otherwise reduced, taking into account the potential impact on the market.」
The Company continues to review cross-shareholdings at the Board of Directors meeting every April and sell holdings that do not align with their purpose. A reduction of 2 holdings was disclosed for the fiscal year. - FY2020AdvancedAnnual report
「At the Board of Directors meeting held every April, we conduct a detailed review of the purpose and economic rationale of all cross-shareholdings, verify whether each holding should be retained, and sell holdings that do not align with their purpose.」
The process for reviewing all cross-shareholdings annually at the Board of Directors meeting and selling those that do not align with their purpose is stated. One holding was sold during the fiscal year. - FY2018AdvancedAnnual report
「TOYOTA BOSHOKU CORPORATION 1,316,700 2,875 Strengthen cooperation through mutual supply of existing components, consideration of new component development, and mutual use of production sites and equipment」
The Company explicitly states that it holds shares in TOYOTA BOSHOKU CORPORATION to strengthen cooperation through component supply, new component development and use of production sites. - FY2017First statedAnnual report
「河西工業株式会社: maintain, promote and develop the business alliance; NISSAN MOTOR CO.,LTD. and 本田技研工業株式会社: maintain and expand transactions with customers; 株式会社ミツバ: maintain and strengthen transactions with business partners」
The stated purposes for cross-shareholdings are business alliances and maintaining and expanding relationships with customers and business partners.