Cross-shareholdings to Strengthen Business Relationships and Review of Their Rationale
First written in FY2019. 1 of 4 entries say "Raised", first in FY2026. Latest entry: FY2026.
- FY2026RaisedAnnual report
「As a matter of principle, we do not newly acquire cross-shareholdings from the standpoint of avoiding risks from fluctuations in the share prices of held stocks and improving capital efficiency. For shares already held, we verify the appropriateness of their holding purpose and other factors. If we determine that there is no rationale for holding them, we will reduce the balance after sufficient consultation with the investee and business partners, taking their business relationships into account.」
The company clarified its policy from verifying the significance of holdings, transaction status and benefits to, in principle, not newly acquiring cross-shareholdings and reducing the balance where there is no rationale for holding them. - FY2024All shares in 2 cross-holdings soldAnnual report
「㈱みずほフィナンシャルグループ The company had held the shares to strengthen its ongoing relationship but sold all shares during the fiscal year. ㈱三菱ＵＦＪフィナンシャルグループ The company had held the shares to strengthen its ongoing relationship but sold all shares during the fiscal year.」
The company sold all 100,000 shares of Mizuho Financial Group and 45,000 shares of Mitsubishi UFJ Financial Group held as cross-shareholdings. - FY2023Acquisition and sale of cross-shareholdingsAnnual report
「㈱バローホールディングス 12,144 － Held to strengthen business initiatives with the company as a business partner Increase due to acquisition of a subsidiary」
The company acquired shares of Valor Holdings through the acquisition of a subsidiary, while selling 3 cross-shareholdings, including Mizuho Financial Group. It verifies the rationale for holdings based on their purpose, economic rationale and transaction status. - FY2019First statedAnnual report
「We hold these shares to strengthen ongoing relationships and business initiatives with business partners. We determine whether holdings are appropriate after scrutinizing the purpose and significance of the holdings, transaction status and benefits associated with holding them.」
For cross-shareholdings, the company has for the first time stated a policy of holding shares to strengthen business relationships and determining whether holdings are appropriate after reviewing their purpose and significance, transaction status and benefits.