Maintaining Business and Banking Relationships through Strategic Shareholdings
First written in FY2017. 5 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
It sold 3 holdings other than unlisted shares, generating proceeds of ¥568 million. It continues to reduce its holdings under a policy of bringing their ratio to consolidated net assets to 10% or less by the end of March 2028. - FY2025RaisedAnnual report
「The company’s policy is to reduce its cross-shareholdings to 10% or less of consolidated net assets by the end of March 2028.」
It newly specified a deadline and quantitative target for reducing cross-shareholdings to 10% or less of consolidated net assets by the end of March 2028. It sold 3 holdings during the fiscal year. - FY2023AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares 1 - Shares other than unlisted shares 1 21」
Based on its verification of the rationale for its cross-shareholdings, it sold 1 unlisted holding and 1 listed holding and continues to reduce its holdings. - FY2022AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
With respect to its cross-shareholdings, it sold 1 unlisted holding and 4 listed holdings and is reducing its holdings based on its verification of their rationale. - FY2021AdvancedAnnual report
「The company’s policy is to continue holding shares that it determines are necessary for strategic reasons, taking into comprehensive consideration their importance to its business strategy and its business relationships with counterparties. In line with this policy, the Board of Directors determines whether to continue holding each share after comprehensively considering its purpose and other relevant circumstances. The company will reduce holdings of shares whose significance it determines is not necessarily sufficient.」
It continues to verify the rationale for its cross-shareholdings and sold 2 holdings other than unlisted shares during the fiscal year to reduce its holdings. - FY2020AdvancedAnnual report
「The company will reduce holdings of shares whose significance it determines is not necessarily sufficient.」
It verified the rationale for its cross-shareholdings and sold 2 holdings during the fiscal year. - FY2017First statedAnnual report
「Maintaining long-term, stable banking relationships」
The company disclosed 48 cross-shareholdings with a balance-sheet carrying amount of ¥4,837 million, stating that their purpose is to maintain banking relationships and maintain and strengthen business relationships.