Continued Holding and Review of Strategic Shareholdings to Maintain Business Relationships
First written in FY2019. 2 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026All cross-shareholdings soldAnnual report
「At a meeting of the Board of Directors held on 5 December 2025, the Company resolved to tender its cross-shareholdings in a tender offer by the issuers of those shares. As a result, the Company sold all 22,700 shares of cross-shareholdings it had held and therefore held no cross-shareholdings as of the end of the current fiscal year.」
With respect to cross-shareholdings held to maintain and strengthen business relationships, the Company sold all 22,700 shares held by tendering them into the tender offer, while maintaining its holding policy and 5% limit. - 2026-05-12OtherRevisions to earnings forecasts
「なお、当該投資有価証券の売却は、当社が保有する政策保有株式の発行体による公開買い付け（ＴＯＢ）への応募によるものであります。」
政策保有株式の売却を実行した事実が開示されたが、政策保有の方針や保有銘柄の検証方法を変更したとの記載はない。 - FY2025Decrease in the carrying amount of cross-held securitiesAnnual report
「In addition, we have confirmed that the total amount of cross-shareholdings is ¥28.079 million, or 0.9% of shareholders' equity, which is an appropriate level.」
The Company continues its method of reviewing cross-shareholdings, while the amount held decreased from ¥30.463 million, or 1.0% of shareholders' equity, in the previous fiscal year. - FY2024Increase in the amount of shares held for strategic purposesAnnual report
「In addition, we have confirmed that the total amount of cross-shareholdings is ¥30.463 million, or 1.0% of shareholders' equity, which is an appropriate level.」
The total amount of cross-shareholdings increased from ¥22.586 million, or 0.8% of shareholders' equity, in the previous fiscal year to ¥30.463 million, or 1.0%. The review method covering business relationships, financial condition, share prices and dividends over the past 5 years remains unchanged. - FY2023RestatedAnnual report
「The Company also confirmed that the total amount of cross-shareholdings was ¥22.586 million, or 0.8% of shareholders' equity, an appropriate level.」
The Company continues to review cross-shareholdings by examining business relationships, the issuers' financial condition, share prices and dividends over the past 5 years, and discloses that the amount held was 0.8% of shareholders' equity. - FY2021AdvancedAnnual report
「As of the end of the current fiscal year, each investee company was a major business partner or customer and had maintained that status for the past 5 years. The Company therefore determined that these investee companies contributed to its medium- to long-term earnings and that its cross-shareholdings were reasonable, given that their financial condition, share prices and dividends were also favorable. The Company also confirmed that the total amount of cross-shareholdings was ¥22.495 million, or 0.8% of shareholders' equity, an appropriate level.」
The Company continues to review cross-shareholdings based on business relationships, financial condition and other factors over the past 5 years, and confirmed that the total amount was 0.8% of shareholders' equity. The ratio declined from the 1.2% reported for the previous fiscal year. - FY2020AdvancedAnnual report
「To improve asset efficiency and avoid market risk, the Company limits the total amount of its cross-shareholdings to 5% or less of shareholders' equity.」
The Company has set an explicit limit of 5% of shareholders' equity for cross-shareholdings and confirmed that holdings at the end of the current fiscal year were 1.2% of shareholders' equity, an appropriate level. It also describes regular reviews based on trends in business relationships, financial condition, share prices and dividends over the past 5 years. - FY2019First statedAnnual report
「The Company regularly reviews whether to continue holding these shares by confirming its business relationships with the issuers, the issuers' financial condition, share prices and dividends, and the Company's financial condition.」
The Company states a policy of regularly reviewing whether to continue holding cross-shareholdings by confirming business relationships, the issuers' financial condition, share prices and dividends, and the Company's financial condition.