Shareholdings held to maintain and strengthen business relationships
First written in FY2018. 1 of 7 entries say "Reframed", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Higher valuation of cross-shareholdingsAnnual report
「Shares other than unlisted shares 1 121,550」
エムジーホーム continues to hold 1 listed share for cross-holding purposes, but its carrying amount on the balance sheet increased from ¥82,025 thousand in the previous fiscal year to ¥121,550 thousand. - FY2025Sale of cross-shareholdings and decrease in carrying amountAnnual report
「Shares other than unlisted shares 1 82,025」
The number of listed shares held for cross-holding purposes decreased from 2 to 1, and their total carrying amount on the balance sheet decreased from ¥119,620 thousand in the previous fiscal year to ¥82,025 thousand. The company continued to hold shares of 徳倉建設, while shares of 十六フィナンシャルグループ were no longer listed. - FY2024Higher valuation of cross-shareholdingsAnnual report
「Shares other than unlisted shares 2 119,620」
エムジーホーム holds 2 listed shares for cross-holding purposes, with a total carrying amount on the balance sheet of ¥119,620 thousand. The valuation increased from ¥85,659 thousand in the previous fiscal year. - FY2023Cross-held stocks continue to be held by a subsidiaryAnnual report
「Shares other than unlisted shares 2 85,659」
The company states that 株式会社エムジーホーム, rather than the filing company, which has the largest carrying amount of investment shares, holds 2 listed shares for cross-holding purposes, with a total carrying amount on the balance sheet of ¥85,659 thousand. - FY2022Transfer of the holding entity through a company splitAnnual report
「Stocks whose number of shares decreased during the fiscal year 2 35,043 Transfer through a company split」
Through a company split, 2 cross-held stocks were transferred from the filing company, which consequently no longer holds those shares. - FY2019ReframedAnnual report
「With regard to the classification of investment shares held for pure investment purposes and those held for purposes other than pure investment, the company classifies shares as cross-shareholdings only when it has determined them to be appropriate after considering the economic rationality of holding them from a comprehensive perspective that includes maintaining and strengthening strategic alliances and the cost of capital. As a general policy, the company does not hold shares for pure investment purposes.」
The company has broadened its stated criteria for cross-shareholdings beyond maintaining and strengthening business relationships to include strategic alliances, the cost of capital and economic rationality, and has stated a policy of generally not holding shares for pure investment purposes. - FY2018First statedAnnual report
「Purpose of holding: maintaining and strengthening business relationships」
The company holds 3 stocks, 徳倉建設, 十六銀行 and ウッドワン, to maintain and strengthen business relationships. Their total carrying amount on the balance sheet is ¥80,301 thousand.