Review of Cross-Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2019. 6 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 11 ¥965.572 million Acquisition of new shares and acquisition of shares through employee shareholding associations of business partners to maintain and strengthen business relationships」
The company disclosed acquisitions involving 11 issues for ¥965.572 million in cross-shareholdings held to maintain and strengthen business relationships. It also reported the sale of 2 issues for ¥135.002 million. - FY2025AdvancedAnnual report
「Shares other than unlisted shares 12 ¥1,052.961 million Acquisition of new shares and acquisition of shares through employee shareholding associations of business partners to maintain and strengthen business relationships」
The company disclosed acquisitions involving 12 issues and an increase in shares of ¥1,052.961 million in cross-shareholdings held to maintain and strengthen business relationships. It also described its policy of reducing holdings where no rationale for ownership is recognised, in addition to the annual review of all holdings. - FY2024AdvancedAnnual report
「Once a year, the Board of Directors comprehensively reviews all individual cross-shareholdings to assess the need for and rationale of continued ownership, using the transaction value with the company as well as the issuing company’s dividend payout ratio, ROE and other factors to assess the rationale for each holding and whether it should be retained.」
In addition to the annual review of all holdings, the company acquired shares involving 8 issues for ¥185.720 million during the fiscal year. - FY2023AdvancedAnnual report
「Shares other than unlisted shares 10 ¥777.761 million Acquisition of new shares and acquisition of shares through employee shareholding associations of business partners to maintain and strengthen business relationships」
The company disclosed acquisitions involving 10 issues and an increase in shares of ¥777.761 million in cross-shareholdings held to maintain and strengthen business relationships. - FY2022AdvancedAnnual report
「Shares other than unlisted shares 9 ¥257.433 million Acquisition of new shares and acquisition of shares through employee shareholding associations of business partners to maintain and strengthen business relationships」
For cross-shareholdings held to maintain and strengthen business relationships, the company reports acquisitions involving 9 issues and an increase in shares of ¥257.433 million. - FY2021RestatedAnnual report
「Once a year, the Board of Directors comprehensively reviews all individual cross-shareholdings to assess the need for and rationale of continued ownership, using the transaction value with the company as well as the issuing company’s dividend payout ratio, ROE and other factors to assess the rationale for each holding and whether it should be retained.」
The company has reconfirmed its policy of reviewing all cross-shareholdings once a year using transaction value, dividend payout ratio, ROE and other factors. - FY2020AdvancedAnnual report
「For shares other than unlisted shares, the number of shares increased for 8 issues during the fiscal year, with an increase of ¥67.767 million. This resulted from the acquisition of new shares to maintain and strengthen business relationships and the acquisition of shares through employee shareholding associations of business partners.」
For cross-shareholdings held to maintain and strengthen business relationships, the company reports acquisitions involving 8 issues for ¥67.767 million. - FY2019First statedAnnual report
「The company holds investment shares whose purpose is other than pure investment only when it determines that maintaining and strengthening stable business relationships with business partners and similar measures will contribute to improving its medium- to long-term corporate value. The Board of Directors regularly reviews the economic rationale and future outlook for each holding.」
For cross-shareholdings held to maintain and strengthen relationships with business partners, the company has, for the first time, described the holding conditions and its policy of regularly reviewing individual holdings by the Board of Directors as a standalone theme.