Strategic Shareholdings Held to Maintain Business Relationships
First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025Sale of policy-held shares and change in purpose of holdingAnnual report
「㈱イトーキ — 57,489 shares — to maintain and strengthen business relationships. The company had maintained a long-standing relationship with イトーキ not only as a customer but also as a supplier of card racks and other products, but during the fiscal year it changed the purpose of holding the shares to pure investment and sold part of its holding.」
The company discloses the partial sale of shares in イトーキ and a change in the purpose of holding them to pure investment. - FY2024Sale of 1 Cross-ShareholdingAnnual report
「㈱デンキョーグループホールディングス — 65,000 shares — to maintain cooperative relationships. The shares were held to strengthen relationships with a view to expanding business with all group companies, including the parent company, but were sold during the fiscal year.」
The company discloses that it sold 65,000 shares of デンキョーグループホールディングス during the fiscal year as policy-held shares. - FY2023RestatedAnnual report
「For major policy-held shares, the company verifies once a year the benefits of holding them from the perspectives of their medium- to long-term economic rationale and maintaining and strengthening comprehensive relationships with business partners, and reports the results to the Board of Directors. Shares deemed to have insufficient significance as holdings will be reduced.」
The company continues to pursue a policy of reviewing policy-held shares annually and reducing holdings deemed to have insufficient significance. - FY2022RestatedAnnual report
「For major policy-held shares, the company will verify once a year the benefits of holding them from the perspectives of their medium- to long-term economic rationale and maintaining and strengthening comprehensive relationships with business partners, and report the results to the Board of Directors. Shares deemed to have insufficient significance as holdings will be reduced.」
The company continues to review policy-held shares annually and reduce holdings deemed to have insufficient significance. - FY2021RestatedAnnual report
「For major policy-held shares, the company will verify once a year the benefits of holding them from the perspectives of their medium- to long-term economic rationale and maintaining and strengthening comprehensive relationships with business partners, and report the results to the Board of Directors. Shares deemed to have insufficient significance as holdings will be reduced.」
The company continues to review policy-held shares annually and reduce holdings deemed to have insufficient significance. - FY2020AdvancedAnnual report
「For major policy-held shares, the company will verify the benefits of holding them from the perspectives of their medium- to long-term economic rationale and maintaining and strengthening comprehensive relationships with business partners, and report the results to the Board of Directors. Shares deemed to have insufficient significance as holdings will be reduced.」
The company specifically discloses procedures for reviewing the economic rationale and business relationships associated with policy-held shares and reducing holdings deemed to have insufficient significance. - FY2018First statedAnnual report
「Purpose of holding: to maintain and strengthen business relationships」
The company discloses that the purpose of holding policy-held shares is to maintain and strengthen business and cooperative relationships.