Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2017. 6 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Under the above policy, during the current fiscal year the Company partially sold listed shares in 7 of its strategic shareholdings. For the current fiscal year, the Company also reviewed the rationale for its holdings at a Board of Directors meeting held in December 2025.」
For strategic shareholdings, the Company partially sold shares in 7 issues and reviewed the rationale for its holdings at a Board of Directors meeting in December 2025. - FY2025AdvancedAnnual report
「Under the above policy, during the current fiscal year the Company partially sold listed shares in 7 of its strategic shareholdings. For the current fiscal year, the Company also reviewed the rationale for its holdings at a Board of Directors meeting held in December 2024.」
For strategic shareholdings, the Company partially sold shares in 7 issues and reviewed the rationale for its holdings at a Board of Directors meeting in December 2024. - FY2024AdvancedAnnual report
「For the current fiscal year, the Company reviewed the rationale for its holdings at a Board of Directors meeting held in December 2023.」
For strategic shareholdings, the Company described the review conducted at a Board of Directors meeting in December 2023 under its annual review policy. - FY2023AdvancedAnnual report
「For the current fiscal year, the Company reviewed the rationale for its holdings at a Board of Directors meeting held in December 2022.」
For strategic shareholdings, the Company described its review of the rationale for its holdings at a Board of Directors meeting in December 2022, in accordance with its annual review policy. - FY2022AdvancedAnnual report
「For the current fiscal year, the Company reviewed the rationale for its holdings at a Board of Directors meeting held in December 2021.」
For strategic shareholdings, the Company stated that it also conducted its annual Board of Directors review in December 2021. - FY2021AdvancedAnnual report
「For the current fiscal year, the Company reviewed the rationale for its holdings at a Board of Directors meeting held in December 2020.」
For strategic shareholdings, the Company described the specific implementation of its annual review policy through the review of the rationale for its holdings at a Board of Directors meeting in December 2020. - FY2020Specified the policy for reviewing and reducing strategic shareholdingsAnnual report
「The Company’s basic policy is to hold shares of business partners and others as strategic shareholdings from a medium- to long-term perspective, as part of its business strategy, to maintain and strengthen stable business relationships and collect information on companies in the same industry. Each year, the Board of Directors reviews each issue, taking into account quantitative factors such as whether the benefits and risks associated with holding the shares are commensurate with the cost of capital, qualitative factors such as maintaining and expanding business relationships over the medium to long term, the purpose of holding the shares, and other relevant circumstances. If the rationale for holding a shareholding is not recognized, the Company’s policy is to review it, including through a phased reduction.」
The policy based primarily on maintaining and strengthening business relationships was expanded to include collecting information on companies in the same industry, annual reviews by the Board of Directors, comparison with the cost of capital, and phased reductions where the holdings lack rationale. - FY2019RestatedAnnual report
「Maintaining and strengthening business relationships」
For strategic shareholdings, the purpose of holding them as maintaining and strengthening business relationships is reiterated. - FY2018RestatedAnnual report
「Maintaining and strengthening business relationships」
For strategic shareholdings, the purpose of holding them as maintaining and strengthening business relationships is reiterated. - FY2017First statedAnnual report
「Maintaining and strengthening business relationships」
For strategic shareholdings, the Company states that the purpose of holding several issues is to maintain and strengthen business relationships.