Policy-held shares held to secure stable business partners and funding sources
First written in FY2018. 3 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 16 of 137 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「22 unlisted issues, balance-sheet carrying amount ¥437 million; 11 issues other than unlisted shares, balance-sheet carrying amount ¥196 million.」
Strategic equity holdings totaled 33 issues with a carrying amount of ¥633 million. Both the number of issues and carrying amount decreased from 38 issues and ¥2,599 million in the previous fiscal year, and 1 listed issue was sold for ¥1,602 million. - FY2025AdvancedAnnual report
「The Board of Directors conducts the above review once a year and makes a comprehensive decision on continued ownership.」
The policy of annual review by the Board of Directors of strategic equity holdings continued, and 3 listed issues were sold. The number of holdings other than unlisted shares decreased from 18 issues in the previous fiscal year to 11, and their carrying amount decreased from ¥2,462 million to ¥1,883 million. Meanwhile, 1 unlisted issue was acquired for ¥300 million to participate in a new business. - FY2023The number and carrying amount of policy-held shares decreasedAnnual report
「20 unlisted issues, balance-sheet carrying amount ¥137 million; 18 issues other than unlisted shares, balance-sheet carrying amount ¥2,462 million.」
Strategic equity holdings totaled 38 issues with a carrying amount of ¥2,599 million, down from 40 issues and ¥2,844 million in the previous fiscal year in both number of issues and carrying amount. - FY2022Decrease in the carrying amount of cross-shareholdingsAnnual report
「22 unlisted issues, balance-sheet carrying amount ¥147 million; 18 issues other than unlisted shares, balance-sheet carrying amount ¥2,697 million.」
Strategic equity holdings totaled 40 issues, unchanged from the previous fiscal year, while their carrying amount decreased from ¥3,083 million to ¥2,844 million. The policy of reviewing the rationale for the holdings once a year by the Board of Directors continued. - FY2021Carrying value of cross-shareholdings increasedAnnual report
「22 unlisted issues, balance-sheet carrying amount ¥147 million; 18 issues other than unlisted shares, balance-sheet carrying amount ¥2,936 million.」
The number of strategic equity holdings remained unchanged from the previous fiscal year at 40 issues, while their balance-sheet carrying amount increased from ¥2,516 million to ¥3,083 million. The policy of reviewing the rationale for the holdings once a year by the Board of Directors continued. - FY2020The number and carrying amount of policy-held shares decreasedAnnual report
「The Board of Directors conducts the above review once a year and makes a comprehensive decision on continued ownership. The holdings comprised 22 unlisted issues with a balance-sheet carrying amount of ¥147 million and 18 issues other than unlisted shares with a balance-sheet carrying amount of ¥2,369 million.」
The policy of annual review by the Board of Directors continued. The holdings totaled 40 issues with a carrying amount of ¥2,516 million, down from 41 issues and ¥3,246 million in the previous fiscal year. - FY2019AdvancedAnnual report
「For investment securities held for purposes other than pure investment, the Company’s policy is to continue holding shares outside the Group when it determines that doing so is strategically optimal for operating, developing and sustaining the business and contributes to improving corporate value over the medium to long term. As part of its review of continued holdings, the Company examines each issue to determine whether the purpose of holding it is appropriate, whether continued ownership is meaningful, and whether it is producing strategic benefits. It also confirms, as of the end of the previous fiscal year, whether the benefits derived from the shares, including their contribution to the Company’s profit and dividends received, exceed the cost of capital. The Board of Directors conducts the above review once a year and makes a comprehensive decision on continued ownership.」
The Company specified its policy of reviewing the strategic significance, contribution to corporate value and comparison with the cost of capital of its strategic equity holdings once a year at a Board of Directors meeting. At the end of the fiscal year, it held 41 issues totaling ¥3,246 million. - FY2018First statedAnnual report
「Among investment securities, the number of issues held for purposes other than pure investment and their total balance-sheet carrying amount were 41 issues and ¥3,908 million, respectively. The specific purposes of holding them are to secure stable business partners, maintain and strengthen business relationships, and secure stable financing sources.」
The Company’s strategic equity holdings of 41 issues totaling ¥3,908 million, held to secure stable business partners and financing sources, among other purposes, were recorded as a standalone theme for the first time.