Cross-Shareholdings Held to Maintain Business Relationships
First written in FY2017. 1 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Sale of 6 listed cross-shareholdingsAnnual report
「Shares other than unlisted shares 6 ¥603.803 million」
While continuing its policy of quarterly verification of the rationale for holdings and reducing holdings with limited rationale, the company sold 6 listed securities during the current fiscal year, recording total sale proceeds of ¥603.803 million. - FY2023Increase in the number of holdings due to reclassification of cross-shareholdingsAnnual report
「This was because, from the current fiscal year, the shares of Nippon Light Metal Holdings Co., Ltd. became classified as investment securities held for purposes other than pure investment.」
While continuing its policy of quarterly verification of the rationale for cross-shareholdings and reducing holdings with limited rationale, the company reported 6 unlisted and 12 listed securities following the reclassification of its shares in Nippon Light Metal Holdings. - FY2021RestatedAnnual report
「The company evaluates these cross-shareholdings every quarter based on the cost of capital relative to the benefits of ownership, including profits from business transactions and dividends received, as well as the rationale for holding them, and verifies their overall reasonableness. As a result, the management meeting decides to sell holdings deemed to have insufficient rationale and reduces them as appropriate.」
The company continues its policy of verifying the rationale for cross-shareholdings every quarter and reducing holdings with limited rationale. In the current fiscal year, it holds 6 unlisted and 11 listed securities. - FY2019Explicit policy of continuously reducing cross-shareholdings and reviewing their rationaleAnnual report
「The company evaluates these cross-shareholdings every quarter based on the cost of capital relative to the benefits of ownership, including profits from business transactions and dividends received, as well as the rationale for holding them, and verifies their overall reasonableness. As a result, the management meeting decides to sell holdings deemed to have insufficient rationale and reduces them as appropriate.」
The company specifies a policy of verifying the rationale for cross-shareholdings every quarter and selling or reducing holdings with limited rationale. The number of holdings declined from 18 in the previous fiscal year to 17, and their total carrying value declined from ¥274.684 million to ¥238.568 million. - FY2018Decrease in holdings and carrying valueAnnual report
「Number of holdings: 18 securities; total balance-sheet carrying amount: ¥274.684 million」
The company held 18 investment securities other than those held for policy purposes, with a total balance-sheet carrying amount of ¥274.684 million, down from 20 securities and ¥417.857 million in the previous fiscal year. - FY2017First statedAnnual report
「Investment shares held for purposes other than pure investment」
The company disclosed 20 investment securities held to maintain relationships with its main bank, lead securities company, major shippers, major business partners, ship repair contractors, insurers, and companies in the same or related industries, with a total balance-sheet carrying amount of ¥417.857 million.