Holding Shares to Maintain and Strengthen Business Relationships
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2024ReframedAnnual report
「Having determined that the significance of holding the shares had diminished, the company changed their holding classification to shares held for investment purposes.」
For shares in Ogaki Kyoritsu Bank, the company changed the holding classification from the former strategic-holding purpose to an investment purpose. The shares were not sold; the purpose of holding them was reclassified. - FY2023RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The company reviews the appropriateness of continuing to hold strategic shareholdings based on business relationships, the benefits of holding them, the cost of capital and other factors. - FY2022RestatedAnnual report
「Based on the results of its review for the current fiscal year, the company determined that continuing to hold the shares was appropriate because they were considered beneficial from the perspective of maintaining and strengthening its overall relationships with business partners.」
The company reviewed its strategic shareholdings based on business relationships, the cost of capital and other factors, and determined that continuing to hold them was appropriate. - FY2019First statedAnnual report
「As a rule, the company does not acquire or hold shares in other companies unless required for business purposes.」
For shares held, the Board of Directors verifies the benefits and risks based on relationships with business partners and the cost of capital.