Policy of Generally Not Holding and Reducing Strategic Shareholdings
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Exception to the acquisition of cross-shareholdingsAnnual report
「We will acquire and hold shares in accordance with prescribed procedures only where, after comprehensively considering the need to maintain and strengthen business relationships, the necessity from a business strategy perspective, and the contribution to improving corporate value over the medium to long term, holding them is deemed rational.」
While maintaining its policy of generally not holding cross-shareholdings, the company acquired 50,000 shares of NAGAHORI CORPORATION, a major supplier, to strengthen its business relationship and recorded ¥100.373 million. - FY2022AdvancedAnnual report
「Under the basic policy of successively reducing cross-shareholdings considered to have limited significance, we ascertain and confirm the market value and valuation differences at each month-end, verify medium- to long-term economic rationality and future prospects, and periodically confirm the significance and rationality of the holdings at Board of Directors meetings.」
The company continued its policy of reducing cross-shareholdings and periodic reviews by the Board of Directors, and the balance-sheet amount of unlisted stocks was ¥0 thousand at fiscal year-end. - FY2021AdvancedAnnual report
「Under the basic policy of successively reducing cross-shareholdings considered to have limited significance, we ascertain and confirm the market value and valuation differences at each month-end, verify medium- to long-term economic rationality and future prospects, and periodically confirm the significance and rationality of the holdings at Board of Directors meetings.」
In addition to its policy of reducing cross-shareholdings, the company has specified monthly confirmation of market valuations and valuation differences and periodic reviews by the Board of Directors. During the fiscal year, it sold 1 unlisted stock while acquiring 1 stock to maintain and strengthen a relationship. - FY2020First statedAnnual report
「As a general principle, we do not hold cross-shareholdings held for purposes other than pure investment. However, where we determine that it is necessary to hold such shares in light of individual circumstances, such as strengthening business relationships, we will acquire and hold them in accordance with prescribed procedures.」
The company has expressly stated for the first time its policy of generally not holding cross-shareholdings and reducing them successively where their significance is limited. During the fiscal year, it sold 1 listed stock.