Cross-shareholdings for stable orders and relationships with financial institutions
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 16 of 137 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Under our basic policy of disposing of or reducing cross-shareholdings whose significance we believe has diminished as promptly as possible, the Board of Directors verifies each fiscal year the purpose and significance of individual cross-shareholdings.」
The policy of verifying each fiscal year the significance of cross-held shares held to secure stable orders and procurement and maintain relationships with business partners, and disposing of or reducing them if their significance has diminished, continues. - FY2021RestatedAnnual report
「Under our basic policy of disposing of or reducing cross-shareholdings as promptly as possible when we believe the rationale for holding them has diminished, the Board of Directors verifies the purpose of each cross-shareholding every fiscal year. If the review finds shares that do not contribute to the Group's sustainable growth and enhancement of corporate value over the medium to long term, we will disclose the results and engage in necessary and sufficient dialogue with the investee company as a shareholder. If no improvement is achieved through dialogue, we will sell the shares in a timely and appropriate manner.」
The policy of verifying each fiscal year the significance of cross-held shares held to secure stable orders and procurement and maintain relationships with business partners, and disposing of or reducing them as necessary, continues. - FY2020RestatedAnnual report
「Under its basic policy of disposing of or reducing cross-held shares whose significance is considered to have diminished as promptly as possible, the company verifies the significance of each cross-held shareholding at every fiscal year-end through the Board of Directors.」
The policy of having the Board of Directors verify each fiscal year the significance of cross-held shares held to secure stable orders and procurement and maintain relationships with business partners, and dispose of or reduce them as necessary, continues. - FY2019AdvancedAnnual report
「Under our basic policy of disposing of or reducing cross-shareholdings whose rationale we consider to have diminished as promptly as possible, the Board of Directors verifies each fiscal year the rationale for individual cross-shareholdings. If the review finds shares that do not contribute to the Group’s sustainable growth and enhancement of corporate value over the medium to long term, we will disclose the results of the review and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The company specified a policy under which the Board of Directors verifies the significance of each cross-held shareholding every fiscal year and disposes of or reduces holdings whose significance has diminished. - FY2018First statedAnnual report
「B. Among investment securities, the number of issues held for purposes other than pure investment and their total amount recognized on the balance sheet 12 issues ¥1,968,598 thousand DAIWA HOUSE INDUSTRY CO.,LTD. 358,602 1,470,268 To secure stable orders」
The company holds 12 non-pure-investment securities totaling ¥1,968,598 thousand, with the stated purposes of securing stable orders and establishing cooperative relationships with its principal financial institutions.