Strategic investment aimed at strengthening business relationships and trust
First written in FY2016. 5 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares — — Shares other than unlisted shares 9 942」
The Company sold 9 strategic shareholdings for total proceeds of ¥942 million. Meanwhile, it acquired 1 holding for ¥345 million based on a business-strategy decision and continues to examine the rationale for holdings and make planned sales. - 2026-05-08AdvancedEarnings
「We will also systematically reduce cross-shareholdings, improve capital efficiency by investing available cash effectively and work to enhance shareholder returns.」
The policy of systematically reducing cross-shareholdings and linking this with improved capital efficiency and shareholder returns was continued. - FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares 1 507 Shares other than unlisted shares 5 451」
The Company sold 1 unlisted holding and 5 listed holdings among its strategic shareholdings, for total proceeds of ¥958 million. - FY2024AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares — — Shares other than unlisted shares 7 463」
The Company sold 7 strategic shareholdings, including holdings whose rationale had weakened, for total proceeds of ¥463 million. Verification by the Board of Directors for each holding and the planned-sale process are progressing. - FY2022RestatedAnnual report
「At the Board of Directors meeting held after the fiscal year-end closing, the Company verifies each holding individually from the perspective of economic rationality, taking into account risk and return, by comparing the one-year quantitative figures verified using the above method for examining the rationality of holdings with capital efficiency and other measures that appropriately reflect the Company's earnings power and cost of capital.」
The Company continues to have the Board of Directors verify each strategic shareholding using dividend yield, unrealized gains and losses, transaction value and the proportion of contribution to ordinary profit, among other measures. - FY2019AdvancedAnnual report
「At the Board of Directors meeting held after the fiscal year-end closing, the Company verifies each holding individually from the perspective of economic rationality, taking into account risk and return, by comparing the one-year quantitative figures verified using the above method for examining the rationality of holdings with capital efficiency and other measures that appropriately reflect the Company's earnings power and cost of capital.」
In addition to the policy of making strategic investments to strengthen business and trust relationships, the Company has clearly stated the procedure for the Board of Directors to verify the rationality of each holding using dividend yield, unrealized gains and losses, transaction value and other measures. - FY2018RestatedAnnual report
「Purpose of strategic investments to further strengthen business and trust relationships」
The policy of holding strategic shareholdings to strengthen business and trust relationships remains in place. - FY2017RestatedAnnual report
「Purpose of strategic investments to further strengthen business and trust relationships」
The policy of holding strategic shareholdings to strengthen business and trust relationships remains in place. - FY2016First statedAnnual report
「Purpose of strategic investments to further strengthen business and trust relationships」
The Company discloses that the purpose of holding strategic shareholdings is to strengthen relationships with business partners.