Cross-shareholdings held to strengthen relationships with business partners
First written in FY2018. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2026Fewer disclosed issuers with cross-shareholdingsAnnual report
「Unlisted shares 1 4 Shares other than unlisted shares 10 746」
The company disclosed 1 unlisted issuer and 10 listed issuers among its cross-shareholdings, with a total carrying amount on the balance sheet of ¥746 million. The number of listed issuers disclosed has decreased from the previous disclosure. - FY2023-Q3AdvancedAnnual report
「In addition, a domestic subsidiary sold shares in 1 issuer, and the dissolution of a shareholding association for the company’s customer also resulted in a sale of investment securities. Accordingly, the company recognized an extraordinary gain of ¥39 million as gain on sales of investment securities, while」
Regarding investment securities, including cross-shareholdings, a domestic subsidiary sold shares in 1 issuer, and, together with the sale resulting from the dissolution of a customer’s shareholding association, the company recognized a gain on sales of investment securities of ¥39 million. - FY2023-Q2AdvancedAnnual report
「In addition, a domestic subsidiary sold shares in 1 issuer, recognizing an extraordinary gain of ¥7 million as gain on sales of investment securities, while」
Following previous disclosures concerning the reduction of cross-shareholdings, a domestic subsidiary sold shares in 1 issuer and recognized a gain on sale of ¥7 million. - FY2022AdvancedAnnual report
「As part of efforts to reduce cross-shareholdings, the company sold shares in 3 issuers and recognized an extraordinary gain of ¥21 million as gain on sales of investment securities.」
The company sold shares in 3 issuers held as cross-shareholdings. The holdings now comprise 1 unlisted issuer and 12 listed issuers, while the Board of Directors’ policy of reviewing the holding purpose, benefits, risks, and cost of capital remains in place. - FY2020AdvancedAnnual report
「The company holds investment shares whose purpose is other than pure investment, provided that they are held to maintain and strengthen business relationships, that their carrying amount on the consolidated balance sheet is no more than 5% of total assets, and that they contribute to enhancing corporate value over the medium to long term. Although it is difficult to state the quantitative benefits of holding individual cross-shareholdings, the Board of Directors reviews each year whether the holding purpose remains appropriate and whether the benefits and risks associated with the holdings are commensurate with the cost of capital, and determines whether continued ownership is appropriate.」
The company specified that cross-shareholdings may be held only if their carrying amount is no more than 5% of total assets and they contribute to enhancing corporate value, and that the Board of Directors will review each year whether the benefits and risks are commensurate with the cost of capital. The holdings comprised 2 unlisted issuers and 14 listed issuers, for a total of 16. - FY2018First statedAnnual report
「To strengthen relationships with business partners」
The company held shares in 20 issuers for purposes other than pure investment, with a total carrying amount on the balance sheet of ¥572 million, and stated that the purpose of holding them was to strengthen relationships with business partners.