Strategic Shareholdings in Business Partners and Decisions on Continued Ownership Based on Cost of Capital
First written in FY2019. . Latest entry: FY2026.
- FY2026Increase in the Valuation of Strategic ShareholdingsAnnual report
「Shares other than unlisted shares 7 110,208」
The number of policy holdings remained unchanged at 7 from the previous fiscal year, but their balance-sheet carrying amount increased from ¥83.499 million to ¥110.208 million. The policy of verifying whether the purposes and the benefits and risks of the holdings are appropriate relative to the cost of capital has been maintained. - FY2025Decline in the valuation of cross-shareholdingsAnnual report
「Shares other than unlisted shares 7 83,499」
The number of policy holdings remained unchanged at 7, but their balance-sheet carrying amount decreased from ¥107.018 million to ¥83.499 million. The policy of verifying whether the purposes and the benefits and risks of the holdings are appropriate relative to the cost of capital has been maintained. - FY2024Increase in the Valuation of Strategic ShareholdingsAnnual report
「Shares other than unlisted shares 7 107,018」
The number of policy holdings remained unchanged from 7 issues in the previous fiscal year, while their balance-sheet carrying amount increased from ¥69.347 million to ¥107.018 million. The policy of verifying whether the purposes and the benefits and risks of the holdings are appropriate relative to the cost of capital has been maintained. - FY2023Decrease in the number and increase in the value of policy shareholdingsAnnual report
「Shares other than unlisted shares 7 69,347」
Policy holdings changed from 8 issues with a carrying amount of ¥60.083 million in the previous fiscal year to 7 issues with a carrying amount of ¥69.347 million. All shares of Iwasaki Electric Co., Ltd. were sold for ¥22.300 million. - FY2022Decrease in the Number and Valuation of Policy HoldingsAnnual report
「Shares other than unlisted shares 8 60,083」
Policy holdings decreased from 9 issues with a carrying amount of ¥64.641 million to 8 issues with a carrying amount of ¥60.083 million. All shares of Aiko Electric Co., Ltd. were sold in connection with the implementation of an MBO. The policy of verifying whether the purposes and the benefits and risks of the holdings are appropriate relative to the cost of capital has been maintained. - FY2021Increase in the Valuation of Strategic ShareholdingsAnnual report
「Shares other than unlisted shares 9 64,641」
The number of policy holdings remains unchanged at 9, while their balance-sheet carrying amount increased from ¥54.112 million in the previous fiscal year to ¥64.641 million. The policy of verifying whether the purposes of the holdings are appropriate relative to the cost of capital has been maintained. - FY2020Decline in the valuation of cross-shareholdingsAnnual report
「The company holds shares of business partners and other companies for policy purposes, including to maintain and strengthen business relationships, facilitate business operations, and meet operational needs. It comprehensively and specifically reviews whether the purposes of such holdings remain appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital, and determines whether continued ownership is necessary. Shares other than unlisted shares 9 54,112」
The policy of verifying the purposes of policy holdings and whether their benefits and risks are appropriate relative to the cost of capital has been maintained. The number of holdings remains unchanged at 9, while their balance-sheet carrying amount decreased from ¥66.190 million in the previous fiscal year to ¥54.112 million. - FY2019First statedAnnual report
「The company holds shares of business partners and other companies for policy purposes, including to maintain and strengthen business relationships, facilitate business operations, and meet operational needs. It comprehensively and specifically reviews whether the purposes of such holdings remain appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital, and determines whether continued ownership is necessary.」
The company holds no shares for pure investment purposes and treats business partners' shares as policy holdings. It has, for the first time, explicitly stated its policy of determining whether continued ownership is necessary after verifying whether the benefits and risks are appropriate relative to the cost of capital. It holds 9 issues other than unlisted shares, with a balance-sheet carrying amount of ¥66.190 million.