Cross-shareholdings to strengthen intercompany relationships
First written in FY2017. 1 of 9 entries say "Advanced", first in FY2018. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 141 companies on the "Worse" side.
- FY2025The carrying amount of strategic shareholdings increased; although the number of shares increased for some holdings, there were no sales.Annual report
「Unlisted shares 8 7,019 Shares other than unlisted shares 24 1,943,550」
The company held 8 unlisted and 24 listed strategic shareholdings, unchanged from the previous fiscal year. The carrying amount of listed shares increased from ¥1,728 million to ¥1,943 million, and the number of shares increased for 10 holdings through business partners' employee stock ownership associations, while no holdings were sold. - FY2024The number of unlisted and listed holdings decreased, but the carrying amount increased.Annual report
「Unlisted shares 8 7,019 Shares other than unlisted shares 24 1,728,837」
The number of unlisted strategic shareholdings decreased from 9 to 8, and listed holdings decreased from 25 to 24. Meanwhile, the total carrying amount increased from approximately ¥1,596 million in the previous fiscal year to approximately ¥1,736 million. The company sold 1 unlisted holding and 1 listed holding, while the number of shares increased for 10 holdings through business partners' employee stock ownership associations. - FY2023Fewer unlisted holdings, higher carrying amountAnnual report
「Unlisted shares 9 12,719 Shares other than unlisted shares 25 1,583,686」
The number of unlisted strategic shareholdings decreased from 10 to 9, while the number of listed holdings remained unchanged at 25. Meanwhile, the total carrying amount increased from approximately ¥1,395 million in the previous fiscal year to approximately ¥1,596 million. The number of shares increased for 11 holdings through purchases by business partners and their employee stock ownership associations, and the rationale for the holdings was reviewed by the Board of Directors. - FY2022Both the number of holdings and the carrying amount decreased.Annual report
「Unlisted shares 10 12,739 Shares other than unlisted shares 25 1,382,522」
Strategic shareholdings comprised 10 unlisted holdings worth ¥12.739 million and 25 listed holdings worth ¥1,382.522 million. The number and carrying amount of listed holdings decreased from 26 holdings worth ¥1,656.774 million in the previous fiscal year. - FY2021The number of holdings decreased, but the carrying amount increased due to acquisitions of business partners' shares and their market valuation.Annual report
「When newly acquiring shares in listed companies or continuing to hold shares already owned, the company verifies the holdings from a medium- to long-term perspective, taking into account the strengthening and maintenance of transactions that contribute to enhancing corporate value, as well as returns and risks. If it determines that an existing holding is unlikely to be effective, it will sell the shares after considering the impact on the stock market.」
Strategic shareholdings comprised 10 unlisted holdings worth ¥12.967 million and 26 listed holdings worth ¥1,656.774 million. The number of listed holdings decreased from 31 in the previous fiscal year to 26, while 7 holdings were sold and the number of shares increased for 14 holdings. - FY2020The number and carrying amount of holdings decreased, and some holdings were sold.Annual report
「When newly acquiring shares in listed companies or continuing to hold shares already owned, the company verifies the holdings from a medium- to long-term perspective, taking into account the strengthening and maintenance of transactions that contribute to enhancing corporate value, as well as returns and risks. If it determines that an existing holding is unlikely to be effective, it will sell the shares after considering the impact on the stock market.」
The company held 10 unlisted holdings worth ¥13 million and 31 listed holdings worth ¥1,281 million, and sold 2 holdings for ¥216.74 million. The number of holdings decreased from 43 in the previous fiscal year. - FY2019ReframedAnnual report
「When newly acquiring shares in listed companies or continuing to hold shares already owned, the company verifies the holdings from a medium- to long-term perspective, taking into account the strengthening and maintenance of transactions that contribute to enhancing corporate value, as well as returns and risks. If it determines that an existing holding is unlikely to be effective, it will sell the shares after considering the impact on the stock market.」
The company has stated its policy on strategic shareholdings: in addition to strengthening and maintaining business relationships, it will conduct a medium- to long-term review based on returns and risks and sell holdings when no benefit is expected. The number of holdings was 43, with a balance-sheet carrying amount of ¥1,320 million. - FY2018AdvancedAnnual report
「Number of holdings 42 holdings Total carrying amount on the balance sheet ¥1,413.688 million」
Strategic shareholdings held to strengthen intercompany business relationships increased from 40 holdings worth ¥1,296 million in the previous fiscal year to 42 holdings worth ¥1,413 million. - FY2017First statedAnnual report
「Investment shares held for purposes other than pure investment Number of holdings 40 holdings Total carrying amount on the balance sheet ¥1,296.948 million」
The company held 40 investment shares for purposes other than pure investment, with a total balance-sheet carrying amount of ¥1,296 million, and stated the purpose of individual holdings as strengthening intercompany business relationships.