Shareholdings Related to Business Relationships and Securities Operations
First written in FY2016. 12 of 16 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「As a result, the Company will continue to review whether holdings should be retained and pursue reductions through sales and other measures. At the Board of Directors meeting, a flowchart was used in the assessment process to examine the purpose of each holding, its relationship to the cost of capital, business relationships and performance trends. The status of reductions was also reviewed. In reviewing holdings against the cost of capital, the Company uses the internal rate of return (IRR) approach.」
For cross-shareholdings, the Company continued its annual Board of Directors review, comparison with the cost of capital and use of the IRR approach. It changed its Sumitomo Realty & Development shares from cross-shareholdings to holdings for pure investment purposes. - 2026-05-27AdvancedGeneral Meetings of Shareholders
「The Company is working to improve capital efficiency by, among other measures, repurchasing its own shares, totaling 2 million shares from April through July 2025, and reducing cross-shareholdings.」
The Company stated that reducing cross-shareholdings was implemented as a specific measure to improve capital efficiency. - FY2025AdvancedAnnual report
「As a result, the company intends to continue reviewing whether holdings remain appropriate and reduce them through sales and other measures. In the previous fiscal year, it sold some holdings whose significance had diminished, thereby making progress in reducing its holdings.」
The Company continued its annual Board of Directors review, comparison with the cost of capital and use of the IRR approach, and sold 1 unlisted stock. It also changed its holding of Obayashi Corporation shares from a cross-shareholding to a holding for pure investment purposes. - FY2025-H1Decrease in gain on sale of investment securitiesAnnual report
「For the interim accounting period, "extraordinary income" comprised a ¥30 million gain on sales of investment securities (¥224 million in the same period of the previous year).」
The gain on sales of investment securities declined from ¥224 million in the same period of the previous year to ¥30 million. The policy of reducing cross-shareholdings and other holdings through reviews of the appropriateness of existing holdings and sales has continued. - FY2024AdvancedAnnual report
「As a result, the company intends to continue reviewing whether holdings remain appropriate and reduce them through sales and other measures. In the previous fiscal year, it sold some holdings whose significance had diminished, thereby making progress in reducing its holdings.」
The Company continued its annual Board of Directors review of cross-shareholdings and its review of the cost of capital using IRR. During the fiscal year, it sold 1 unlisted stock and 1 stock other than an unlisted stock. - FY2024-Q2AdvancedAnnual report
「For the cumulative second quarter period, "extraordinary income" comprised a ¥224 million gain on sales of investment securities (¥— million in the cumulative second quarter period of the previous fiscal year) and a ¥13 million reversal of the reserve for financial instruments transaction liability (¥— million in the same period).」
Recorded a ¥224 million gain on sales of investment securities, with continued progress in improving the efficiency of and reducing assets held through sales of investment securities. - FY2024-Q1AdvancedAnnual report
「Extraordinary income for the cumulative first quarter of the current fiscal year consisted of a ¥224 million gain on sale of investment securities, compared with nil for the cumulative first quarter of the previous fiscal year.」
Recorded a ¥224 million gain on sales of investment securities, with continued progress in selling and reducing holdings of securities, including cross-shareholdings. - FY2023AdvancedAnnual report
「As a result, the company intends to continue reviewing whether holdings remain appropriate and reduce them through sales and other measures. In the previous fiscal year, it sold some holdings whose significance had diminished, thereby making progress in reducing its holdings.」
For cross-shareholdings, the company continues its annual Board of Directors review and review of the cost of capital using IRR. It sold 2 holdings other than unlisted shares, for proceeds of ¥1,065 million. - FY2023-Q3AdvancedAnnual report
「Extraordinary income for the cumulative third quarter of the current fiscal year consisted of a ¥738 million gain on sale of investment securities, compared with nil for the cumulative third quarter of the previous fiscal year.」
The company recorded a ¥738 million gain on sale of investment securities, indicating progress in improving the efficiency of its asset holdings through the sale of investment securities. - FY2021AdvancedAnnual report
「As a result, no holdings were newly designated for sale. In addition, the company sold some holdings whose sale had been postponed in the previous fiscal year due to a sharp decline in share prices, thereby making progress in reducing its holdings.」
Although no holdings were newly designated for sale, the company sold some holdings whose sale had been postponed in the previous fiscal year and recorded proceeds of ¥212 million from the sale of 3 holdings other than unlisted shares. - FY2020AdvancedAnnual report
「The company newly incorporated the concept of internal rate of return (IRR) into its review of holdings in relation to the cost of capital. In addition, it reviewed the progress made in reducing holdings.」
For cross-shareholdings, the company added the concept of IRR to the annual Board of Directors review and, during the current fiscal year, sold 5 holdings other than unlisted shares, for proceeds of ¥850 million. - FY2020-Q3AdvancedAnnual report
「To improve the efficiency of its asset holdings, the company sold some of its investment securities between 16 December 2019 and 30 January 2020. As a result, a gain on sale of ¥346 million arising between 1 January and 30 January 2020 will be recorded as extraordinary income for the fourth quarter of the fiscal year ending March 2020.」
The company sold some investment securities to improve the efficiency of its asset holdings and disclosed a gain on sale of ¥346 million in January 2020 as a material subsequent event. - FY2019AdvancedAnnual report
「Based on this basic policy, the Board of Directors verifies the rationale for holdings once a year. ... The verification identified views that the significance of holding certain securities had become limited and that plans to expand transactions and other initiatives were unclear. The company believes that it needs to consider sales and other measures, clarify plans to expand transactions and implement its strategy promptly.」
The company specified an annual Board of Directors review of cross-shareholdings and referred to considering the sale of certain holdings and clarifying plans. During the current fiscal year, it sold 1 holding other than unlisted shares, for proceeds of ¥426 million. - FY2018Decrease in number of holdings; increase in carrying valueAnnual report
「Number of holdings 27 holdings Total balance sheet amount ¥10,634 million」
For investment securities held to maintain and strengthen relationships with business partners and in connection with securities operations, the number of holdings decreased from 29 at the end of the previous fiscal year to 27, while the carrying amount increased from ¥9,183 million to ¥10,634 million. - FY2017RestatedAnnual report
「Shares held in connection with the company's operations as a securities company」
The purpose of holding investment securities not held for pure investment purposes is related to securities operations and the maintenance and strengthening of relationships with business partners. The number of holdings is 29, with a balance sheet amount of ¥9,183 million. - FY2016First statedAnnual report
「Shares held in connection with the company's operations as a securities company」
The company held 30 investment securities not held for pure investment purposes, with a total balance sheet amount of ¥9,039 million. The primary purpose of holding them is to maintain and strengthen relationships with business partners.