Strategic shareholdings aimed at stabilizing business relationships
First written in FY2018. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026Policy-held shares increased to 28 issuesAnnual report
「Unlisted shares 3 46,716 Shares other than unlisted shares 25 2,853,970 (Issuers whose number of shares increased during the fiscal year) Shares other than unlisted shares 13 36,975 The number increased through new purchases and regular purchases through business partners' shareholding associations.」
The number of cross-shareholdings increased from 27 issuers in the previous fiscal year to 28, while the carrying amount increased from ¥2,259.135 million to ¥2,906.86 million. Although 13 issuers involved new purchases or regular purchases through shareholding associations, no holdings were sold. - FY2025Sales and new purchases while maintaining the number of holdingsAnnual report
「Shares other than unlisted shares 24 2,259,135 浜井産業 － 31,900 The group manufactures and sells machine tools and engages in related activities. The company held the shares to facilitate business activities and maintain and strengthen business relationships, but sold all shares during the fiscal year because Mint Co., Ltd. conducted a tender offer for the shares in connection with an MBO.」
The company maintained 27 cross-shareholdings, comprising 3 unlisted issuers and 24 listed issuers. While selling all shares of 浜井産業, it newly purchased shares of フジマック, and increased its holdings in 13 issuers. - FY2024Sales and new purchases carried out while maintaining the number of cross-shareholdingsAnnual report
「Shares other than unlisted shares 24 2,674,235 (Issuers whose number of shares decreased during the fiscal year) Shares other than unlisted shares 1 5,802 TSUDAKOMA Corp. － 13,000 Following a review of the cross-shareholding, the company sold all shares after taking market conditions into consideration.」
The company held 27 cross-shareholdings, comprising 3 unlisted issuers and 24 listed issuers, with a carrying amount of ¥2,674.235 million. While selling all shares of TSUDAKOMA Corp., it newly purchased shares of 浜井産業 and increased its holdings in 14 issuers through new purchases and regular purchases by shareholding associations. - FY2023Reduction in the number of cross-shareholdings and sales disclosedAnnual report
「At meetings of the Board of Directors, the company regularly verifies each holding every year, including the significance of holding the shares, such as the need for collaboration to maintain and strengthen business relationships and the economic rationale for continued ownership, as well as the status of transactions. The company will reduce holdings in a timely and appropriate manner when it determines that continued ownership has little significance, such as when the importance of its business relationship with the investee has declined.」
The number of cross-shareholdings decreased from 28 issuers in the previous fiscal year to 27, comprising 3 unlisted issuers and 24 listed issuers. The company sold shares in 2 issuers and disclosed that it sold all shares of コマニー. - FY2022Continued reduction in the carrying amount of cross-shareholdings and verification of their rationaleAnnual report
「At meetings of the Board of Directors, the company regularly verifies each holding every year, including the significance of holding the shares, such as the need for collaboration to maintain and strengthen business relationships and the economic rationale for continued ownership, as well as the status of transactions. The company will reduce holdings in a timely and appropriate manner when it determines that continued ownership has little significance, such as when the importance of its business relationship with the investee has declined.」
The company continues to maintain its policy of holding cross-shareholdings to maintain and strengthen business relationships, together with its annual policy of verifying their rationale and reducing holdings. It held 28 issuers, with a balance-sheet carrying amount of ¥2,330.321 million. - FY2021Recorded amount increased; number of holdings was 28 issuesAnnual report
「Unlisted shares 3 46,716 Shares other than unlisted shares 25 2,341,101 (Issuers whose number of shares increased during the fiscal year) Shares other than unlisted shares 14 15,258 The number increased because the company participates in the shareholding association of a business partner and makes regular purchases.」
The company held 28 cross-shareholdings, comprising 3 unlisted issuers and 25 listed issuers, and their carrying amount increased from the previous fiscal year. The number of shares held in 14 issuers increased through regular purchases by business partners' shareholding associations. - FY2020Increase in number of holdings and decrease in recorded amountAnnual report
「Unlisted shares 3 46,716 Shares other than unlisted shares 25 1,438,128」
Policy-held shares totaled 28 issues, comprising 3 unlisted issues and 25 listed issues. The recorded amount decreased from ¥1,671.679 million in the previous fiscal year to ¥1,484.844 million. - FY2019Rationality reviews and expansion of policy-held shareholdings describedAnnual report
「The company’s policy is to hold shares strategically where the Board of Directors determines that they will help maintain and strengthen business relationships with the investee companies, stabilize shareholdings and enhance corporate value over the medium to long term, after confirming the investee companies’ financial condition, operating results and other factors. The company also plans to periodically comprehensively assess the appropriateness of each investment at Board of Directors meetings and decide whether to continue holding the shares or reduce the holdings through sales or other means.」
The company specifies its policy of holding policy-held shares to maintain and strengthen business relationships and for other purposes, periodically reviewing their rationality, and deciding whether to continue holding or reduce the holdings. At the end of the fiscal year under review, it held 27 issues with a recorded amount of ¥1,671.679 million. - FY2018First statedAnnual report
「(a) Number of issues 27 issues (b) Total amount recorded on the balance sheet ¥1,793.943 million Purpose of holding Stabilization of shareholdings」
The company holds 27 shares for purposes other than pure investment, with a total amount recorded on the balance sheet of ¥1,793.943 million, and states that the purpose of holding them is to stabilize shareholdings.