Limited Strategic Shareholdings, Annual Reviews and Reductions
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026ReframedAnnual report
「During the fiscal year, at a Board of Directors meeting held on 28 April 2026, all investment shares held for purposes other than pure investment were evaluated from both the perspective of the criteria for continued ownership and profitability. After confirming that they were appropriate for continued ownership, the Company decided to continue reviewing the ownership criteria.」
The annual review continued, and cross-shareholdings at the end of the fiscal year totaled 11 issues with a carrying amount of ¥592 million. - FY2025RestatedAnnual report
「During the fiscal year, at a Board of Directors meeting held on 25 April 2025, all investment shares held for purposes other than pure investment were evaluated from both the perspective of the criteria for continued ownership and profitability. After confirming that they were appropriate for continued ownership, the Company decided to continue reviewing the ownership criteria.」
The Company continued its annual review of all holdings and held 10 issues with a carrying amount of ¥673 million. No change in the number of shares was reported for the fiscal year. - FY2024AdvancedAnnual report
「During the fiscal year, at a Board of Directors meeting held on 26 April 2024, all investment shares held for purposes other than pure investment were evaluated from both the perspective of the criteria for continued ownership and profitability. After confirming that they were appropriate for continued ownership, the Company decided to continue reviewing the ownership criteria.」
All cross-shareholdings were reviewed from both the perspective of the criteria for continued ownership and profitability. Holdings, including both unlisted and listed shares, totaled 10 issues with a carrying amount of ¥857 million, and 3 listed holdings were sold. - FY2021AdvancedAnnual report
「During the fiscal year, at a Board of Directors meeting held on 27 April 2021, all investment shares held for purposes other than pure investment were evaluated from both the perspective of the criteria for continued ownership and profitability, and were confirmed as appropriate for continued ownership.」
For cross-shareholdings, all holdings were reviewed annually at the Board of Directors meeting held on 27 April 2021 and confirmed as appropriate for continued ownership. At fiscal year-end, the Company held 11 issues with a balance-sheet carrying amount of ¥999 million. - FY2019First statedAnnual report
「Under its Securities Management Regulations, the Company generally does not acquire or hold shares for purposes other than pure investment. As an exception, however, it provides that it may acquire and hold shares as cross-shareholdings when the issuing company is expected to contribute to the expansion of the Company's business activities and generate profits for the Company. Once a year, as of the end of the fiscal year, the Board of Directors reviews each individual holding by comparing the cost of capital with the profits and benefits obtained and assessing compliance with the criteria for continued ownership.」
The Company has a policy of generally not holding cross-shareholdings. For holdings retained as exceptions, the Board of Directors reviews them once a year by comparing the cost of capital with the benefits, and holdings that do not meet the criteria are subject to sale or reduction. This policy was disclosed comprehensively for the first time.