Cross-shareholdings intended to maintain and strengthen business relationships
First written in FY2017. 1 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Updated the number and carrying amount of strategic shareholdingsAnnual report
「Each year, the Board of Directors comprehensively assesses the rationale for holding each strategic shareholding from qualitative perspectives, such as creating business opportunities and establishing, maintaining and strengthening business relationships, and quantitative perspectives, such as transaction value, profit, dividends received, and gains or losses on share valuation.」
The company held 16 strategic shareholdings, with a total carrying amount on the balance sheet of ¥1,638 million. The Board of Directors decided at its meeting on 6 October 2025 to continue holding them. - FY2025Updated the number and carrying amount of strategic shareholdingsAnnual report
「Unlisted shares 6 35 Shares other than unlisted shares 10 1,281」
The company held 16 strategic shareholdings with a total carrying amount of ¥1,316 million. At the Board of Directors meeting held on 7 October 2024, it decided to continue holding them based on qualitative and quantitative considerations. - FY2024Updated the carrying amount of cross-shareholdingsAnnual report
「Unlisted shares 6 35 Shares other than unlisted shares 10 1,188」
The company held 16 strategic shareholdings, with a total carrying amount on the balance sheet of ¥1,223 million. Its policy for reviewing continued ownership remained unchanged. - FY2023Updated the carrying amount of cross-shareholdingsAnnual report
「Unlisted shares 6 35 Shares other than unlisted shares 10 779」
The number of strategic shareholdings remained 16, while their total carrying amount on the balance sheet was ¥814 million. The company also described its review of continued ownership based on the cost of capital and business relationships for each issue. - FY2022Updated the issues and carrying amounts of strategic shareholdingsAnnual report
「Unlisted shares 6 35 Shares other than unlisted shares 10 668」
The company held 16 strategic shareholdings with a total carrying amount of ¥703 million. It sold 440 shares of Aiko Denki in response to a tender offer. - FY2020ReframedAnnual report
「Each year, the Board of Directors comprehensively reviews, in assessing the medium- to long-term economic rationale, the asset value of each issue based on its weighted average cost of capital, the nature and value of transactions with the company, and other factors, and deliberates whether continued ownership is appropriate. As a result, for investees that are not deemed to contribute to enhancing the company's corporate value, the company requests improvements through dialogue and, if no improvement is achieved, decides whether to reduce and carries out the reduction of its holdings.」
In addition to the purpose of maintaining and strengthening business relationships, the company disclosed a policy of reviewing continued ownership each year at a Board of Directors meeting using the weighted average cost of capital and other criteria, and reducing holdings when they do not contribute to enhancing corporate value. The company held 17 strategic shareholdings, with a total carrying amount on the balance sheet of ¥634 million. - FY2019Updated the carrying amount of cross-shareholdingsAnnual report
「17 issues ¥853 million」
The number of strategic shareholdings held to maintain and strengthen business relationships remained 17, while their total carrying amount on the balance sheet declined from ¥1,037 million in the previous fiscal year to ¥853 million. - FY2018RestatedAnnual report
「17 issues ¥1,037 million」
The company held 17 strategic shareholdings other than those held solely for investment purposes, with a total carrying amount on the balance sheet of ¥1,037 million. The stated purpose of holding them remained to maintain and strengthen business relationships. - FY2017First statedAnnual report
「Purpose of holding: To maintain and strengthen business relationships」
The company held 17 strategic shareholdings other than those held solely for investment purposes, with a total carrying amount on the balance sheet of ¥435 million, stating that they were held to maintain and strengthen business relationships.