Price volatility risk of cross-shareholdings
First written in FY2016. 1 of 10 entries say "Mitigated", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 54 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026Decrease in the number and increase in the value of policy shareholdingsAnnual report
「Unlisted shares 44 ¥938 million Shares other than unlisted shares 39 ¥11,595 million」
Policy-held shares totaled 83 companies and ¥12,533 million. The number of companies decreased from 87 in the previous fiscal year, while the carrying amount increased from ¥10,297 million. The company sold shares in 4 companies and continues to verify the significance of the holdings by comparison with the cost of capital. - FY2026-H1Increase in the carrying amount of investment securitiesAnnual report
「This was mainly due to a ¥2,166 million increase in investment securities resulting from an increase in their fair value, partly offset by a ¥12,756 million decrease in notes and accounts receivable and contract assets.」
The fair value of investment securities, including policy-held shares, increased by ¥2,166 million. - FY2025Fewer Holdings and Higher Carrying ValueAnnual report
「Unlisted shares 45 ¥938 million Shares other than unlisted shares 42 ¥9,359 million」
Policy-held shares totaled 87 companies and ¥10,297 million. The number of companies decreased from 89 in the previous fiscal year, while the carrying amount increased from ¥9,578 million. The company sold shares in 2 companies and acquired shares in 4 companies through an employee stock ownership plan operated by business partners. - FY2024Fewer Holdings and Higher Carrying ValueAnnual report
「Unlisted shares 45 ¥938 million Shares other than unlisted shares 44 ¥8,640 million」
Policy-held shares totaled 89 companies and ¥9,578 million. The number of companies decreased from 91 in the previous fiscal year, while the balance sheet carrying amount increased from ¥6,493 million. The policy of verifying the significance, benefits and risks of the holdings by comparison with the cost of capital remains in place. - FY2023Increase in the number and carrying value of shares heldAnnual report
「Unlisted shares 47 ¥951 million Shares other than unlisted shares 44 ¥5,542 million」
Policy-held shares totaled 91 companies and ¥6,493 million, an increase in both the number of companies and the carrying amount from the previously reviewed 90 companies and ¥5,934 million. The policy of verifying the significance of the holdings by comparison with the cost of capital remains in place. - FY2021Decrease in the number and carrying value of holdingsAnnual report
「Unlisted shares 46 ¥958 million Shares other than unlisted shares 44 ¥4,976 million」
Policy-held shares totaled 90 companies and ¥5,934 million, a decrease in both the number of companies and the carrying amount from 93 companies and ¥6,344 million in the previous fiscal year. - FY2019Decrease in the number and carrying value of holdingsAnnual report
「Unlisted shares 49 ¥1,014 million Shares other than unlisted shares 44 ¥5,330 million」
Policy-held shares totaled 93 companies and ¥6,344 million, a decrease in both the number of companies and the carrying amount from 95 companies and ¥7,523 million in the previous fiscal year. The company also explicitly states its policy of verifying the significance of the holdings by comparing their benefits and risks with the cost of capital. - FY2018Fewer Holdings and Higher Carrying ValueAnnual report
「95 companies ¥7,523 million」
Policy-held shares decreased from 96 companies with a carrying amount of ¥7,210 million in the previous fiscal year to 95 companies with a carrying amount of ¥7,523 million. The policy of confirming the rationality and necessity of continued holdings each year remains in place. - FY2017MitigatedAnnual report
「Our Group acquires and holds shares of other companies to maintain and strengthen business relationships with a view to enhancing corporate value over the medium to long term. Each year, we confirm the rationality and necessity of continuing to hold these shares from a medium- to long-term perspective. However, if share prices fluctuate significantly due to economic conditions, stock market trends or other factors, this may affect the financial position and operating results of our Group.」
The policy of confirming the rationality of continued holdings remains in place. The number of policy-held shares remains unchanged at 96, while their balance sheet carrying amount decreased from ¥12,409 million to ¥7,210 million. - FY2016First statedAnnual report
「Each year, we confirm the rationality and necessity of continuing to hold these shares from a medium- to long-term perspective. However, if share prices fluctuate significantly due to economic conditions, stock market trends or other factors, this may affect the financial position and operating results of our Group.」
The company holds policy-held shares in 96 companies, with a carrying amount of ¥12,409 million, and confirms the rationality of continuing to hold them each year.