Cross-Shareholdings for Business Alliances and Trading Relationships
First written in FY2017. 6 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「At its regular meeting held in May 2026, the Board of Directors reviewed listed shares based on the holdings at the end of March 2026 and confirmed whether the benefits and risks associated with holding each issue were commensurate with the Bank's cost of capital.」
The company continued its individual reviews of strategic cross-shareholdings, reduced its holdings of 3 listed issues, and changed the purpose of holding shares in Shimizu Corporation, Procrea Holdings and Shindengen Electric Manufacturing to pure investment. - FY2025AdvancedAnnual report
「At its regular meeting held in May 2025, the Board of Directors reviewed listed shares based on the holdings at the end of March 2025 and confirmed whether the benefits and risks associated with holding each issue were commensurate with the Bank's cost of capital.」
The company continued its individual reviews of strategic cross-shareholdings, sold 2 listed issues during the fiscal year, and changed the purpose of holding 2 issues to pure investment. - FY2024AdvancedAnnual report
「At its regular meeting held in May 2024, the Board of Directors reviewed listed shares based on the holdings at the end of March 2024 and confirmed whether the benefits and risks associated with holding each issue were commensurate with the Bank's cost of capital.」
The company continued its individual reviews of strategic cross-shareholdings, changed the purpose of holding shares in Toho Bank, Yamagata Bank, Tokiwa Kogyo and other companies to pure investment during the fiscal year, and reduced its holdings of 3 listed issues. - FY2023AdvancedAnnual report
「At its regular meeting held in May 2023, the Board of Directors reviewed listed shares based on the holdings at the end of March 2023 and confirmed whether the benefits and risks associated with holding each issue were commensurate with the Bank's cost of capital.」
The company continued its individual reviews of strategic cross-shareholdings, sold 6 listed issues during the fiscal year, and changed the purpose of holding several issues to pure investment. - FY2021AdvancedAnnual report
「At the regular meeting of the Board of Directors held in May 2021, we reviewed listed shares based on the holdings at the end of March 2021 and confirmed that, for most issues, the benefits and risks associated with holding them exceeded the cost of capital.」
The Board of Directors reviewed the rationale for individual strategic cross-shareholdings, sold 1 listed issue, and changed the purpose of holding 3 issues to pure investment. - FY2020AdvancedAnnual report
「During the fiscal year, Tohoku Electric Power Company,Incorporated, Daishi Hokuetsu Financial Group,Inc., Nippon Soda Co.,Ltd., T&D Holdings, Inc. and AEON CO.,LTD. changed the purpose of their holdings to pure investment in accordance with the basic policy of reducing strategic cross-shareholdings.」
The company reviewed the rationale for strategic cross-shareholdings and changed the purpose of holding several issues to pure investment. It also disclosed decreases of 8 listed issues and 7 unlisted issues. - FY2019ReframedAnnual report
「As a basic policy, we will reduce strategic cross-shareholdings from the perspective of improving capital efficiency and other considerations, except where they are deemed to contribute to improving our medium- to long-term corporate value or developing the regional economy.」
The company stated a policy of reducing strategic cross-shareholdings that are not deemed rational, in addition to its previous policy of maintaining and strengthening commercial relationships. It actually changed the holding purpose of several issues to pure investment and sold 19 listed issues. - FY2018RestatedAnnual report
「Number of issues 164 issues Total balance-sheet carrying amount ¥31,624 million」
The company disclosed 164 investment securities held for purposes other than pure investment, including strategic holdings, with a total balance-sheet carrying amount of ¥31,624 million. It continued to cite maintaining and improving commercial relationships and strengthening relationships as purposes for holding them. - FY2017First statedAnnual report
「Securities primarily comprise bonds, shares, investment trusts and partnership investments. In addition to holding them to earn interest and dividend income and for strategic purposes such as business alliances, certain consolidated subsidiaries hold bonds to maturity.」
The company stated its policy of holding securities for strategic purposes such as business alliances in addition to income generation, and disclosed 163 strategic cross-shareholdings totaling ¥264,000 million.