Holding Shares to Maintain and Strengthen Business Relationships
First written in FY2017. 12 of 15 entries say "Advanced", first in FY2019. Latest entry: 2026-09-08.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2024AdvancedAnnual report
「The shares had been held to maintain and strengthen the business relationship, but after reviewing the benefits of the holding, part of the holding was sold during the current fiscal year.」
After reviewing the benefits of the cross-shareholding, the company sold part of its holding in Asahi Intecc shares, recording proceeds of ¥4,982 million and a gain on sale of ¥4,891 million. The policy of reviewing whether each holding is appropriate has resulted in a specific sale. - FY2022AdvancedAnnual report
「The shares had been held to maintain and strengthen the business relationship, but all shares were sold during the current fiscal year.」
Under its policy of reviewing the rationale for cross-shareholdings each fiscal year, the company sold all 321,600 shares of 日本管財株式会社. The process of reviewing whether continued ownership is necessary has resulted in a specific sale. - FY2019AdvancedAnnual report
「For each individual cross-shareholding, the Board of Directors verifies every fiscal year whether the holding is commensurate with the cost of capital. It also reviews in detail whether each holding is appropriate, taking into account the maintenance and strengthening of business relationships, the stability of financial transactions, and other relevant factors, and verifies whether continued ownership is necessary.」
In addition to maintaining and strengthening business relationships, the company has established a specific process under which the Board of Directors verifies each year whether holdings are consistent with the cost of capital and whether continued ownership is necessary. - FY2017First statedAnnual report
「The Group holds investment securities, primarily shares of business partners, during the current consolidated fiscal year mainly to maintain and strengthen its business relationships.」
The company disclosed its holdings of investment securities for the purpose of maintaining and strengthening business relationships, reporting 20 issues and a balance-sheet carrying amount of ¥38,204 million for the filing company.