Limited strategic shareholdings and annual reviews
First written in FY2016. 2 of 11 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026Decrease in listed strategic shareholdings and increase in their carrying amountAnnual report
「At the March 2026 Board of Directors meeting, the Company verified, for each individual stock, the status of its overall business relationships and its coordination and cooperation relationships, as well as whether the benefits and risks of holding the stock were commensurate with the cost of capital. Unlisted shares 46 ¥442 million Shares other than unlisted shares 36 ¥8,088 million」
The Company continued its annual Board of Directors review of individual stocks and its policy of reducing holdings whose significance had diminished. Unlisted shares remained unchanged at 46 stocks with a carrying amount of ¥442 million, while listed shares, etc., changed from 37 stocks with a carrying amount of ¥5,818 million to 36 stocks with a carrying amount of ¥8,088 million; 1 stock was sold. - FY2025Update of the number and carrying amount of policy-held stocks and sales resultsAnnual report
「At the March 2025 Board of Directors meeting, the Company verified, for each individual stock, the status of its overall business relationships and its coordination and cooperation relationships, as well as whether the benefits and risks of holding the stock were commensurate with the cost of capital.」
The Company continued its policy of limiting holdings, conducting annual reviews at Board of Directors meetings, and reducing holdings whose significance had diminished. Holdings comprised 46 unlisted stocks with a carrying amount of ¥442 million and 37 listed stocks with a carrying amount of ¥5,818 million; 2 unlisted stocks and 3 listed stocks were sold. - FY2024Update of the number and carrying amount of policy-held stocks and sales resultsAnnual report
「At the March 2024 Board of Directors meeting, the Company verified, for each individual stock, the status of its overall business relationships and its coordination and cooperation relationships, as well as whether the benefits and risks of holding the stock were commensurate with the cost of capital.」
The Company continued its annual Board of Directors review of individual stocks and its policy of reducing holdings whose significance had diminished. Policy-held shares comprised 47 unlisted stocks with a carrying amount of ¥444 million and 38 listed stocks with a carrying amount of ¥6,029 million; 2 unlisted stocks and 1 listed stock were sold. - FY2023Update to the number and carrying amount of cross-shareholdingsAnnual report
「At the March 2023 Board of Directors meeting, the Company verified, for each individual stock, the status of its overall business relationships and its coordination and cooperation relationships, as well as whether the benefits and risks of holding the stock were commensurate with the cost of capital.」
The Company continued its policy of reviewing policy-held shares annually at Board of Directors meetings and reducing holdings whose significance had diminished. Holdings comprised 48 unlisted stocks with a carrying amount of ¥451 million and 39 listed stocks with a carrying amount of ¥4,614 million; 2 unlisted stocks were sold. - FY2022Update to the number and carrying amount of cross-shareholdingsAnnual report
「At the Board of Directors meeting in March 2022, each issue was reviewed to confirm the status of comprehensive business relationships and collaborative and cooperative relationships, and whether the benefits and risks associated with holding it were commensurate with the cost of capital.」
The company continues its annual Board of Directors review of each issue and its policy of reducing holdings whose significance has diminished. Strategic shareholdings comprised 50 unlisted issues with a carrying amount of ¥452 million and 39 listed issues with a carrying amount of ¥4.597 billion. - FY2021Update to the number of holdings and carrying amountAnnual report
「At the Board of Directors meeting in March 2021, each issue was reviewed to confirm the status of comprehensive business relationships and collaborative and cooperative relationships, and whether the benefits and risks associated with holding it were commensurate with the cost of capital.」
The company continues to hold strategic shareholdings on a limited basis, conduct annual Board of Directors reviews and reduce holdings whose significance has diminished. Holdings comprised 51 unlisted issues and 41 listed issues, with a total carrying amount of ¥5.051 billion. - FY2020AdvancedAnnual report
「<How the rationality of holdings is reviewed> Each year, the Board of Directors conducts a detailed review for each issue to determine whether the purpose of holding it remains appropriate and whether the benefits and risks associated with holding it are commensurate with the cost of capital, considering the medium- to long-term economic rationale for holding it and the benefits of holding it in terms of maintaining and strengthening comprehensive relationships with business partners.」
The annual Board of Directors review process has been specified in greater detail, examining for each issue whether the benefits and risks are commensurate with the cost of capital. Strategic investment holdings comprised 91 issues, with a carrying amount of ¥4.235 billion. - FY2019AdvancedAnnual report
「The rationality of the holdings is reviewed annually. For strategic shareholdings whose significance is judged to have diminished or disappeared, our policy is to reduce the holdings after obtaining the sufficient understanding of the investee company.」
In addition to limited holdings and annual reviews, the company states a policy of reducing strategic shareholdings whose significance has diminished, and reported the review findings to the Board of Directors in March 2019. - FY2018Update to holdings dataAnnual report
「We classify investment securities held for purposes other than pure investment as so-called strategic shareholdings, and hold them on a limited basis where they contribute to maintaining and strengthening long-term, stable business relationships with business partners or maintaining and strengthening collaborative and cooperative relationships based on our management strategy. Each year, the Board of Directors reviews strategic shareholdings in light of their medium- to long-term economic rationale and future outlook, examining the status of business relationships and collaborative and cooperative relationships, among other factors, and determines whether they should continue to be held.」
Limited holdings and annual Board of Directors reviews continue. Strategic shareholdings comprised 92 issues, with a total carrying amount of ¥6.873 billion on the balance sheet. - FY2017Update to holdings dataAnnual report
「We classify investment securities held for purposes other than pure investment as so-called strategic shareholdings, and hold them on a limited basis where they contribute to maintaining and strengthening long-term, stable business relationships with business partners or maintaining and strengthening collaborative and cooperative relationships based on our management strategy. Each year, the Board of Directors reviews strategic shareholdings in light of their medium- to long-term economic rationale and future outlook, examining the status of business relationships and collaborative and cooperative relationships, among other factors, and determines whether they should continue to be held.」
The policy and annual Board of Directors review continue. The company discloses 90 strategic shareholdings with a total carrying amount of ¥6.355 billion on the balance sheet. - FY2016First statedAnnual report
「We classify investment securities held for purposes other than pure investment as so-called strategic shareholdings, and hold them on a limited basis where they contribute to maintaining and strengthening long-term, stable business relationships with business partners or maintaining and strengthening collaborative and cooperative relationships based on our management strategy. Each year, the Board of Directors reviews strategic shareholdings in light of their medium- to long-term economic rationale and future outlook, examining the status of business relationships and collaborative and cooperative relationships, among other factors, and determines whether they should continue to be held.」
Strategic shareholdings comprised 92 issues, with a total carrying amount of ¥5.5 billion on the balance sheet. The purposes of the holdings and the annual Board of Directors review are disclosed.