Cross-Shareholdings to Maintain and Strengthen Business Relationships
First written in FY2018. 4 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2024Confirmation of continued holding of all sharesAnnual report
「In the review conducted at the Board of Directors meeting held in July 2023, the company confirmed that all issuing companies of the shares held had taken actions toward the company consistent with the holding purposes and that the holdings exceeded the thresholds from the perspective of economic rationality.」
Following its review of the strategic significance and economic rationality of its holdings, the company confirmed continued holding of all shares during the fiscal year. Unlike the partial sales made through the previous fiscal year, the number of shares held did not decline during the fiscal year. - FY2023-Q3AdvancedAnnual report
「Quarterly net income attributable to owners of the parent was ¥198 million, as the company sold some strategically held shares and recorded extraordinary income. This represented an increase of ¥22 million, or 12.5%, from the same period of the previous year.」
The company sold some strategically held shares and recorded a gain on sales of investment securities of ¥46.229 million. The policy of reducing holdings based on a review of their strategic significance was reflected in actual sales during the quarter as well. - FY2023-Q2AdvancedAnnual report
「Quarterly net income attributable to owners of the parent was ¥100 million, as the company sold some strategically held shares and recorded extraordinary income. This represented an increase of ¥30 million, or 43.1%, from the same period of the previous year.」
The company sold some strategically held shares and recorded a gain on sales of investment securities of ¥41.324 million and proceeds from sales of ¥49.444 million. The policy of reducing holdings based on a review of their strategic significance was reflected in actual sales during the quarter. - FY2021AdvancedAnnual report
「In the review conducted at the Board of Directors meeting held in November 2020, the company approved continued holding of all shares because the issuing companies had taken actions toward the company consistent with the holding purposes and their dividend yields exceeded the holding thresholds.」
The company reviewed all issues of strategically held shares at the Board of Directors meeting in November 2020 and approved continued holding. It formalised a review procedure based on holding purposes and dividend yields. - FY2020AdvancedAnnual report
「The company concluded that shares belonging to the group of former business-partner issues, for which it aims to resume transactions, no longer served their holding purpose despite exceeding the holding threshold, and decided to sell all of them. For some shares belonging to sales-partner issue G, the holding purpose was recognised, but the shares fell below the holding threshold. The company therefore determined that their strategic significance had diminished and decided to sell them gradually in the market so as not to affect the share price.」
Based on its review of strategically held shares, the company decided to sell all shares of former business partners and gradually sell some shares of sales partners. In practice, the number of shares held in 5 issues declined. - FY2019Further formalisation of the rationale review for strategically held sharesAnnual report
「The company’s policy is to review its holdings regularly and consider at Board of Directors meetings any shares whose strategic significance has diminished or shows signs of diminishing, and to reduce such holdings through sales if it determines that continued ownership is unnecessary.」
In addition to its policy of holding shares to maintain and strengthen business relationships, the company regularly reviews the strategic significance and dividend yield of its holdings and has formalised procedures for reducing holdings that are no longer necessary. - FY2018First statedAnnual report
「The Group holds shares in financial institutions, business partners and others for the purpose of maintaining and strengthening business relationships, among other reasons.」
The company holds strategically held shares for the purpose of maintaining and strengthening business relationships, among other reasons. During the fiscal year, it held 17 issues, with a total carrying amount on the balance sheet of ¥1,816.437 million.