Holding and Verifying the Appropriateness of Strategic Shareholdings
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「At a meeting held on 25 March 2025, the Board of Directors resolved to sell part of the investment securities held by the Company, and completed the sale as follows.」
The Company sold all 1,514,356 DENSO CORPORATION shares and all 113,557 Toyota Industries Corporation shares held as cross-shareholdings. Excluding unlisted shares, CHUO SPRING CO.,LTD. was the only remaining holding. Total sale proceeds were ¥5,012 million. - FY2025AdvancedAnnual report
「At a meeting held on 25 March 2025, the Board of Directors resolved to sell part of the investment securities held by the Company, and completed the sale as follows. …Securities sold: DENSO CORPORATION shares …Number of shares sold: 1,514,356 …Gain on sale of investment securities: ¥1,933 million」
To reduce cross-shareholdings, the Company sold 1,514,356 DENSO CORPORATION shares on 10 April 2025 and recognized a gain on sale of ¥1,933 million. - FY2019First statedAnnual report
「In the automotive parts business operated by the Company, cooperation with various companies is necessary throughout the development, production and sales processes in order to continue growing. Accordingly, we hold cross-shareholdings after comprehensively considering our business strategy, the strengthening of business relationships with customers and the maintenance of relationships with local communities. We also regularly scrutinize each cross-shareholding and verify the rationale for continuing to hold it.」
The Company generally does not hold shares for pure investment purposes. It holds cross-shareholdings for business strategy, business relationships and ties with local communities, and regularly verifies the rationale for holding each issue.