Shareholdings Held to Strengthen Business Relationships and Stabilize Share Ownership
First written in FY2016. 1 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025The company sold its shares in 日新, reducing the number of holdings.Annual report
「㈱日新 － 14,600 As an outsourcing provider for MDF cargo handling and storage, the company is held to maintain and strengthen the business relationship.」
The company held no shares in 日新 in the fiscal year under review, compared with 14,600 shares in the previous fiscal year. The policy of limiting cross-shareholdings to the minimum necessary and reviewing their rationale and risks once a year at Board of Directors meetings remains in place. - FY2024The company sold its shares in 大建工業, reducing the number of holdings.Annual report
「大建工業㈱ － 22,600 As a major supplier and customer for MDF, the company maintains and strengthens its business alliance in the manufacture of MDF products through reciprocal supply, procurement and technology development.」
The company held no shares in 大建工業 in the fiscal year under review, compared with 22,600 shares in the previous fiscal year. The explanation that the business alliance would be maintained and strengthened continued to be provided. - FY2022Transfer of cross-shareholdings following the absorption-type merger of a subsidiaryAnnual report
「Eidai Co.,Ltd. 349,000 298,000 To strengthen the business relationship (Reason for increase) Shares held by the company’s subsidiary C&H㈱, which was merged by absorption in January 2022, were acquired.」
The company stated that the increase in its holding of Eidai Co.,Ltd. shares from 298,000 to 349,000 was due to the acquisition of shares held by C&H following the absorption-type merger. Its policy of limiting cross-shareholdings to the minimum necessary and reviewing their rationale once a year remains unchanged. - FY2020Cross-shareholdings continue to be held at the minimum necessary level.Annual report
「With respect to investment securities held for purposes other than pure investment, the company holds the minimum necessary amount after considering the rationale for each holding purpose, including business alliances, maintaining and strengthening business relationships, stabilizing funding and stabilizing the shareholder base, as well as the degree of impact on its balance sheet and income statement. The rationality of holding such investment securities is reviewed once a year by the Board of Directors, which confirms consistency with the company’s holding policy and continuously examines the associated risks.」
The company continued to limit cross-shareholdings to the minimum necessary and to have the Board of Directors review their rationale and risks once a year. The holdings comprised 5 unlisted and 7 listed securities, for a total of 12. - FY2019AdvancedAnnual report
「With respect to investment securities held for purposes other than pure investment, the company holds the minimum necessary amount after considering the rationale for each holding purpose, including business alliances, maintaining and strengthening business relationships, stabilizing funding and stabilizing the shareholder base, as well as the degree of impact on its balance sheet and income statement. The rationality of holding such investment securities is reviewed once a year by the Board of Directors, which confirms consistency with the company’s holding policy and continuously examines the associated risks.」
The company specified procedures for limiting cross-shareholdings to the minimum necessary and reviewing the rationale and risks of such holdings once a year at Board of Directors meetings. - FY2017RestatedAnnual report
「Investment securities held for purposes other than pure investment Number of holdings 13 Total carrying amount on the balance sheet ¥584.406 million」
The company reconfirmed its policy of holding investment securities to strengthen business relationships and stabilize the shareholder base. - FY2016First statedAnnual report
「Strengthening Business Relationships」
The company held 13 investment securities for purposes other than pure investment, with a total carrying amount on the balance sheet of ¥524.593 million. For individual holdings during the fiscal year under review, it stated purposes including strengthening business relationships and stabilizing the shareholder base.