Maintaining Transaction and Financing Relationships through Strategic Shareholdings
First written in FY2018. 8 of 14 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 May 2026, the company resolved to sell part of its shareholdings. / Gain on sales of investment securities: approximately ¥820 million (expected)」
Under its policy of reducing cross-shareholdings over the medium to long term, the company sold 4 issues during the fiscal year and recorded sale proceeds of ¥212 million. It also resolved to make additional sales expected to generate a gain of approximately ¥820 million. - FY2026-H1AdvancedAnnual report
「The company recorded ¥142 million in extraordinary income from the sale of cross-shareholdings (compared with ¥63 million in the same period of the previous year).」
Under its policy of reducing cross-shareholdings, the company made sales during the interim period and recorded a gain on sales of investment securities of ¥142 million. - FY2025AdvancedAnnual report
「Going forward, the company and its consolidated subsidiaries will pursue a policy of reducing their investment securities from a medium- to long-term perspective. / Shares other than unlisted shares: 5 issues, ¥370 million」
Under its policy of reducing cross-shareholdings over the medium to long term, the company sold 5 issues during the fiscal year and recorded total sale proceeds of ¥370 million. - FY2024AdvancedAnnual report
「After comprehensively reviewing the group's performance, medium- to long-term synergies and other factors, the company adopted a policy of reducing its and its consolidated subsidiaries' investment securities over the medium to long term.」
The company continued its policy of reducing cross-shareholdings, selling 2 issues other than unlisted shares during the fiscal year and recording total sale proceeds of ¥72 million. - FY2022ReframedAnnual report
「After comprehensively reviewing the group's performance, medium- to long-term synergies and other factors, the company adopted a policy of reducing its and its consolidated subsidiaries' investment securities over the medium to long term.」
In addition to its policy of verifying whether cross-shareholdings should continue to be held, the company explicitly stated a policy of reducing them over the medium to long term. - FY2021Update to the record of cross-shareholding salesAnnual report
「The company and its consolidated subsidiaries currently have no plans to sell their investment securities. Going forward, however, they will consider sales as necessary after comprehensively reviewing the group's performance, medium- to long-term synergies and other factors. / Shares other than unlisted shares: 10 issues, ¥91 million」
While maintaining its policy of continuing to hold cross-shareholdings, the company sold 10 listed shares during the fiscal year and disclosed total sale proceeds of ¥91 million. - FY2020RestatedAnnual report
「The company's basic policy is to hold cross-shareholdings when maintaining and strengthening business alliances or stable business relationships is considered to contribute to an increase in corporate value, or when the shares serve an important strategic purpose for the group. From a medium- to long-term perspective, the Board of Directors regularly verifies the rationale for continuing to hold the shares and considers whether continued ownership is appropriate.」
The company continues its policy of holding cross-shareholdings for the purpose of maintaining business and financing relationships and other relationships, while verifying from a medium- to long-term perspective whether continued ownership is appropriate at meetings of the Board of Directors. - FY2018First statedAnnual report
「The stated purposes for holding the shares are to build long-term cooperative relationships, facilitate financing and management, and maintain and strengthen business relationships.」
The company discloses that the purposes of its cross-shareholdings are to maintain and strengthen cooperative relationships, financing and management relationships, and business relationships.