Sale of investment securities under the Corporate Governance Guidelines
First written in FY2018-Q2. 5 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Sale proceeds (¥ millions) 55 Total gain on sale (¥ millions) 49」
The company sold investment securities for ¥55 million and recorded a ¥49 million gain on the sale. It has continued to review and sell cross-shareholdings and other holdings. - FY2025AdvancedAnnual report
「The company recorded ¥9 million in gains on the sale of investment securities and ¥2 million in insurance proceeds as extraordinary income, and ¥6 million in disaster-related losses as an extraordinary loss.」
The company recorded a ¥9 million gain on the sale of investment securities, demonstrating the review and sale of cross-shareholdings and other holdings. - FY2024AdvancedAnnual report
「Investment securities whose holding purpose was changed from purposes other than pure investment to pure investment during the fiscal year」
The company continued individual assessments of cross-shareholdings based on the benefits and risks of holding them and the cost of capital, and changed 1 holding to pure investment during the fiscal year. - FY2022AdvancedAnnual report
「In selecting and changing the holdings of shares held for purposes other than pure investment, and in determining the amount to hold, the Board of Directors makes individual decisions based on the purposes described in “(1) Criteria and Approach for Classifying Investment Shares,” taking into account the benefits and risks of holding the shares and the Company’s cost of capital, as well as their impact on management and the overall balance.」
The company conducted individual assessments based on the cost of capital, the benefits and risks of holding the shares, and business relationships, and disclosed a reduction in the number of shares held in 3 holdings and a change in the purpose of 2 holdings to pure investment. - FY2021ReframedAnnual report
「The selection of holdings and decisions on the amount held for investment shares held for purposes other than pure investment are made individually by the Board of Directors, based on the purposes described in “① Criteria and approach for classifying investment shares,” taking into account the benefits and risks of holding them and the company’s cost of capital, as well as their impact on management and the overall balance.」
The disclosure expanded from specific descriptions of investment securities sales in prior years to individual assessments based on the benefits and risks of holding the securities and the cost of capital, together with a policy of reducing cross-shareholdings as necessary. Sales during the current fiscal year were stated as “No applicable matters.” - FY2018AdvancedAnnual report
「Extraordinary income for the fiscal year was ¥31 million, including a ¥24 million reversal of the provision for ship repairs resulting from the sale of an oceangoing vessel.」
The company sold part of its investment securities holdings under the Corporate Governance Guidelines and recorded a ¥5 million gain on the sale of investment securities and proceeds of ¥35 million. - FY2018-Q2First statedAnnual report
「As an extraordinary gain, the company recorded a ¥5 million gain on the sale of investment securities, following the sale of part of its investment securities holdings under its Corporate Governance Guidelines,」
The company provided its first specific disclosure of the partial sale of investment securities held under the Corporate Governance Guidelines.