Shareholdings to Maintain and Strengthen Business Relationships
First written in FY2017. 5 of 7 entries say "Softened", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026SoftenedAnnual report
「Before the change Reduce cross-shareholdings, excluding deemed holdings, to approximately 20% of consolidated net assets, on a market-value basis, by the end of March 2027. After the change Reduce cross-shareholdings, including deemed holdings, to less than 20% of consolidated net assets, on a market-value basis, by the end of March 2028.」
The deadline for reducing cross-shareholdings changed from the end of March 2027 to the end of March 2028, and the criterion was expanded to include deemed holdings. The ratio at the end of the period was 27.5%. - 2026-05-28SoftenedGeneral Meetings of Shareholders
「After the change: Reduce policy-held shares, including deemed-held shares, to less than 20% of consolidated net assets, on a market-value basis, by the end of March 2028.」
The target for reducing policy-held shares was changed by extending the deadline from the end of March 2027 to the end of March 2028 and expanding the scope to include deemed-held shares rather than excluding them, while specifying the target level as less than 20%. - FY2023SoftenedAnnual report
「As a regional financial institution, the company comprehensively determines whether to continue holding each security based on factors including the need to maintain and strengthen long-term, stable relationships with business partners and considerations arising from its business strategy. Its basic policy is to sell holdings or reduce their balances where the rationale for holding them is not recognized. During the fiscal year, the company sought to reduce cross-shareholdings that, following its review, were no longer considered appropriate to hold.」
The company continued to review the rationale for cross-shareholdings and its policy of selling or reducing the balances of holdings whose rationale is not recognized. During the fiscal year, it reduced 5 unlisted securities while acquiring 1 unlisted security for the purpose of collaborating on regional revitalization through SDGs. - FY2022SoftenedAnnual report
「As a regional financial institution, the company comprehensively determines whether to continue holding each security based on factors including the need to maintain and strengthen long-term, stable relationships with business partners and considerations arising from its business strategy. Its basic policy is to sell holdings or reduce their balances where the rationale for holding them is not recognized. During the fiscal year, the company sought to reduce cross-shareholdings that, following its review, were no longer considered appropriate to hold.」
The company reaffirmed its policy of conducting an annual review of the economic rationale for cross-shareholdings and selling or reducing the balances of holdings whose rationale is not recognized. While reducing 4 listed securities and 1 unlisted security, it acquired 2 unlisted securities. - FY2020SoftenedAnnual report
「With respect to cross-shareholdings, the company annually verifies the medium- to long-term economic rationale and future outlook of each holding, taking into account whether the benefits and risks of holding it are commensurate with the cost of capital. Its basic policy is to sell holdings or reduce their balances where the rationale for holding them is not recognized.」
The company conducts an annual review of the economic rationale for cross-shareholdings and has a basic policy of selling or reducing the balances of holdings whose rationale is not recognized. It stated that it reduced its holdings during the fiscal year. - FY2018Increase in holdings and balancesAnnual report
「Number of securities 311 securities Total amount recorded on the balance sheet ¥118,594 million」
The number of holdings and their carrying amount increased from 307 securities and ¥116,624 million in the previous fiscal year for equity securities held to maintain and strengthen business relationships. - FY2017First statedAnnual report
「Number of securities 307 securities Total amount recorded on the balance sheet ¥116,624 million」
The company held equity securities other than those held for pure investment purposes in 307 companies, with a total balance-sheet carrying amount of ¥116,624 million. The purpose of holding its principal holdings was to maintain and strengthen business relationships.