Shareholdings as stable shareholders based on business relationships
First written in FY2017. 1 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Reduction in the number of policy-held shares and sale of 1 holdingAnnual report
「Shares other than unlisted shares 5 2,468 (Holdings for which the number of shares decreased during the fiscal year) Shares other than unlisted shares 1 869」
The number of strategic shareholdings decreased from 6 to 5, and 1 holding was sold during the fiscal year. The carrying amount changed from ¥2,338 million to ¥2,468 million. - FY2025Number of strategic shareholdings maintained; carrying amount increasedAnnual report
「Shares other than unlisted shares 6 2,338」
The company maintained 6 strategic shareholdings, unchanged from the previous disclosure, with a balance sheet carrying amount of ¥2,338 million. There were no holdings for which the number of shares increased or decreased during the fiscal year. - FY2023Decrease in the number of strategic shareholdingsAnnual report
「Shares other than unlisted shares 6 1,381 (Holdings for which the number of shares decreased during the fiscal year) Shares other than unlisted shares 1 20」
The company held 6 strategic shareholdings with a balance sheet carrying amount of ¥1,381 million and sold 1 holding during the fiscal year. Its policy for verifying the rationale for the holdings remains in place. - FY2021AdvancedAnnual report
「The Group's policy for holding investment shares for purposes other than pure investment is to improve the Group's capital efficiency and maintain and strengthen its business relationships. To verify the rationality of its holdings, the Group assesses them from the perspectives of capital efficiency and risk management, including whether the benefits of holding the shares exceed the cost of capital, and comprehensively considers the benefits the Company derives from maintaining and strengthening its business relationships.」
The company discloses holdings of 7 strategic shareholdings totaling ¥1,217 million, the sale of 2 holdings, and rationality assessments based on the cost of capital. - FY2019ReframedAnnual report
「The Group's policy for holding investment shares for purposes other than pure investment is to improve the Group's capital efficiency and maintain and strengthen its business relationships. To verify the rationality of its holdings, the Group assesses them from the perspectives of capital efficiency and risk management, including whether the benefits of holding the shares exceed the cost of capital, and comprehensively considers the benefits the Company derives from maintaining and strengthening its business relationships.」
For policy-held shares, in addition to the previous explanation concerning business relationships and stable shareholders, the Company has explicitly stated that it verifies capital efficiency, risks and whether the benefits exceed the cost of capital, and makes individual determinations at Board of Directors meetings. - FY2018RestatedAnnual report
「The counterparty is one of the Company's major business partners, and the purpose is for both parties to hold each other's shares as stable shareholders.」
The Company disclosed that it held 9 policy-held shareholdings with a carrying amount of ¥1,374 million, held to maintain relationships with major business partners and transaction banks. - FY2017First statedAnnual report
「The counterparty is one of the Company's major business partners, and the purpose is for both parties to hold each other's shares as stable shareholders.」
The Company disclosed 9 policy-held shareholdings, with a carrying amount on the balance sheet of ¥1,306 million, held to maintain relationships with major business partners and transaction banks.