Strategic Shareholdings Held for Business and Collaboration Relationships
First written in FY2016. 5 of 12 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026Number of listed cross-held stocks decreased from 16 to 15Annual report
「Stocks other than unlisted stocks: 15 holdings, ¥310.008 million」
While continuing its annual policy of reviewing whether holdings should be maintained, listed cross-held stocks decreased from 16 holdings in the previous fiscal year to 15, and 14 holdings were sold during the fiscal year. - 2026-05-07AdvancedEarnings
「We expect final profit to remain at approximately the same level as in the previous fiscal year, owing in part to a decline in gains on sales of investment securities resulting from the reduction of cross-shareholdings.」
The company explicitly identified gains on sales associated with the reduction of cross-shareholdings as an assumption underlying its earnings forecast. - FY2026-H1AdvancedAnnual report
「In terms of profit, although the company reduced selling, general and administrative expenses through digital transformation and operational efficiency improvements and recorded an extraordinary gain from the sale of cross-held stocks, this was not enough to offset the decline in gross profit accompanying the decrease in sales.」
It was disclosed that, in addition to the annual policy of reviewing whether cross-holdings should be maintained, an extraordinary gain from their sale was recorded during the interim period. - FY2025Maintained 16 cross-held stocks and sold 1 holdingAnnual report
「Stocks other than unlisted stocks: 16 holdings, ¥369.829 million」
Although the number of listed cross-held stocks remained unchanged at 16 from the previous fiscal year, the company sold 1 holding during the fiscal year and reported an increase in the number of shares held in 11 stocks through the business partner stock ownership association. - FY2024Number of listed cross-held stocks decreased from 17 to 16Annual report
「Stocks other than unlisted stocks: 16 holdings, ¥516.653 million」
While continuing its policy of reviewing each year whether holdings should be maintained, listed cross-held stocks decreased from the 17 holdings reported for the previous fiscal year to 16, and 2 holdings were sold. - FY2023AdvancedAnnual report
「Each year, the Board of Directors specifically scrutinizes each cross-held shareholding to assess whether its holding purpose is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital, among other factors, and verifies whether the holding should be maintained.」
The company continues its annual Board of Directors reviews of the purpose, benefits, risks, and cost of capital associated with cross-shareholdings, and disclosed 17 listed holdings for the period. - FY2021AdvancedAnnual report
「Although we have not established criteria for exercising voting rights related to cross-shareholdings, we view the exercise of voting rights as an important means of contributing to increased corporate value at the issuing companies of the cross-held shares. We will exercise those rights based on whether doing so would contribute to medium- to long-term corporate value and shareholder returns.」
For cross-shareholdings, it specifies the criteria for making voting decisions in addition to reviewing whether the holdings should be maintained. - FY2020RestatedAnnual report
「Each year, the Board of Directors specifically scrutinizes each cross-held shareholding to assess whether its holding purpose is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital, among other factors, and verifies whether the holding should be maintained.」
The company continues its policy of reviewing cross-shareholdings each year at Board of Directors meetings. - FY2019AdvancedAnnual report
「Each year, the Board of Directors specifically scrutinizes each cross-held shareholding to assess whether its holding purpose is appropriate and whether the benefits and risks associated with the holding are commensurate with the cost of capital, among other factors, and verifies whether the holding should be maintained.」
It explicitly describes a process of reviewing each year at Board of Directors meetings the purpose, benefits, and risks of cross-shareholdings and comparing them with the cost of capital. - FY2018RestatedAnnual report
「We hold these shares after considering the maintenance and expansion of medium- to long-term relationships with customers and issuing companies that are business partners, business synergies, medium- to long-term investment returns, and other factors, with the aim of contributing to increased corporate value.」
It reaffirms the policy of holding cross-shareholdings from the perspectives of business relationships, collaboration, investment returns, and increased corporate value. - FY2017RestatedAnnual report
「We hold these shares after considering the maintenance and expansion of medium- to long-term relationships with customers and issuing companies that are business partners, business synergies, medium- to long-term investment returns, and other factors, with the aim of contributing to increased corporate value.」
It reaffirms the policy of holding cross-shareholdings from the perspectives of business relationships, collaboration, investment returns, and increased corporate value. - FY2016First statedAnnual report
「We hold these shares after considering the maintenance and expansion of medium- to long-term relationships with customers and issuing companies that are business partners, business synergies, medium- to long-term investment returns, and other factors, with the aim of contributing to increased corporate value.」
It states a policy of holding cross-shareholdings from the perspectives of business relationships, collaboration, investment returns, and increased corporate value.