Shareholdings to Maintain and Strengthen Business Relationships and Pursue a Stable Shareholder Policy
First written in FY2017. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 137 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Shares other than unlisted shares 4 195」
Regarding policy-oriented shares, the company sold 4 issues other than unlisted shares, for total proceeds of ¥195 million. It reviewed the rationale for the holdings and made progress in implementing its policy of reconsidering them, including through sales. - FY2025Sold 1 cross-held shareholdingAnnual report
「Issues with a decrease in the number of shares during the fiscal year Shares other than unlisted shares 1 118」
Regarding policy-oriented shares, the company sold 1 issue other than unlisted shares, for proceeds of ¥118 million. Its policy of reviewing the rationale for holdings once a year at a Board of Directors meeting remains in place. - FY2023Changes in policy-oriented shareholdingsAnnual report
「All shares were sold during the fiscal year.」
Regarding policy-oriented shares, the company sold 2 issues other than unlisted shares, for total proceeds of ¥367 million. At the same time, it acquired new shares to strengthen business relationships and acquired shares through its employee stock ownership plan. - FY2021RestatedAnnual report
「The rationale for the holdings is reviewed once a year by the Board of Directors, which receives reports on the investees' performance, the status of transactions with the company, the market prices of the shares and dividend status, among other matters. The review also considers, for each issue, whether the benefits and risks of holding the shares are commensurate with the cost of capital. If the benefits or rationale for a holding have weakened, the company plans to consider measures including a sale.」
The company continues its policy of holding shares to maintain business relationships and other objectives, reviewing them once a year by the Board of Directors against the cost of capital and considering sales where the rationale has weakened. - FY2020ReframedAnnual report
「The rationale for the holdings is reviewed once a year by the Board of Directors, which receives reports on the investees' performance, the status of transactions with the company, the market prices of the shares and dividend status, among other matters. The review also considers, for each issue, whether the benefits and risks of holding the shares are commensurate with the cost of capital. If the benefits or rationale for a holding have weakened, the company plans to consider measures including a sale.」
For policy-oriented shares, the company has presented a framework under which, in addition to its existing policy of maintaining and strengthening business relationships, the Board of Directors reviews the holdings once a year, including whether they are commensurate with the cost of capital, and considers sales if their rationale has weakened. - FY2019RestatedAnnual report
「Regarding its holding policy, the company has established cooperative relationships with various companies in manufacturing, sales, financing and other areas. It holds shares when, after comprehensively considering their strategic importance and relationships with business partners, it determines that doing so is necessary for policy purposes. To verify the rationale for these holdings, the accounting department reviews the investees' performance, the status of transactions with the company, the market prices of the shares and dividend status each quarter, and refers the matter to the Board of Directors as necessary.」
The company continues its policy of holding shares to maintain and strengthen business relationships and other objectives, together with quarterly reviews of the rationale for those holdings. - FY2018RestatedAnnual report
「To maintain and strengthen business relationships and support a stable shareholder base」
The company held policy-oriented shares in 26 issues, with a total balance-sheet carrying amount of ¥4,252 million, for the purpose of maintaining and strengthening business relationships and supporting a stable shareholder base. - FY2017First statedAnnual report
「The purpose of the holdings is to maintain and strengthen business relationships and support a stable shareholder base.」
The company held policy-oriented shares in 26 issues, with a total balance-sheet carrying amount of ¥4,227 million, and stated that the purpose of the holdings was to maintain and strengthen business relationships and support a stable shareholder base.