Cross-Shareholdings Held to Develop and Maintain Business Relationships
First written in FY2018. 3 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares: —, —, —; shares other than unlisted shares: 2 issues, 58,610」
Sold 2 listed holdings classified as cross-shareholdings, leaving 2 unlisted and 2 listed holdings. The purpose of holding them is to develop, maintain and strengthen business relationships, and the policy of holding only the minimum necessary continues. - FY2024AdvancedAnnual report
「(Issues whose number of shares increased during the fiscal year) Unlisted shares: 1 issue, 9,240, for the creation of new businesses」
Among investment securities held to develop and maintain business relationships, holdings increased by 1 unlisted issue, with an acquisition cost of ¥9,240 thousand, for the purpose of creating a new business. - FY2023AdvancedAnnual report
「(Issues whose number of shares decreased during the fiscal year) Unlisted shares: —, —, —; shares other than unlisted shares: 1 issue, 40,406」
The company sold 1 listed issue among its strategic shareholdings held to develop and maintain business relationships. The holdings comprised 2 unlisted issues and 4 listed issues, 6 issues in total, with a recorded value of approximately ¥223 million. - FY2020Sale of strategic shareholdings and reduction in the scale of holdingsAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares, 1 issue, 432,352」
The company sold 1 issue of unlisted shares for ¥432,352 thousand, reducing its strategic shareholdings from 8 issues valued at ¥424,778 thousand in the previous fiscal year to 7 issues valued at ¥255,683 thousand. There was no disclosure that the holding policy itself had changed. - FY2020-Q2Sale of Investment SecuritiesAnnual report
「Investing activities generated ¥283 million in cash, compared with a decrease of ¥359 million in the same quarter of the previous year. This was mainly attributable to cash outflows of ¥168 million for the acquisition of property, plant and equipment and proceeds of ¥431 million from the sale of investment securities.」
The company recorded proceeds of ¥431 million from the sale of investment securities. There was no explicit disclosure that the policy on strategic shareholdings had changed or of the relationship with the shares sold. - FY2019RestatedAnnual report
「The basic policy is to hold investment securities for purposes other than pure investment only when the holdings are considered likely to help develop, maintain or strengthen business relationships and enhance corporate value, and to limit such holdings to the minimum necessary. The Board of Directors verifies and determines whether each holding is appropriate based on the business relationship with the relevant company, the company's growth strategy and the economic rationality of the holding.」
The policy of holding strategic shares to develop, maintain and strengthen business relationships continued, as did the policy of limiting holdings to the minimum necessary and subjecting them to review by the Board of Directors. The company held 8 issues with a total value of ¥424,778 thousand. - FY2018First statedAnnual report
「The company holds investment securities in 8 issues, with a total value of ¥433,446 thousand, for purposes other than pure investment.」
The company held investment securities in 8 issues, worth ¥433,446 thousand, for purposes other than pure investment, and stated that the purpose of holding each issue was to develop, maintain or strengthen business relationships.