Holdings of strategic shares to maintain and strengthen business relationships
First written in FY2017. 2 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2025AdvancedAnnual report
「The Company reports its policy-held shares to the Board of Directors regularly, verifies the economic rationale for holding each issue by comparing the benefits and risks of holding it with the Company's cost of capital, and determines whether to continue holding it after comprehensively considering the strengthening of business relationships, the medium- to long-term benefits of holding the shares and other factors.」
The Company continues to report 14 policy-held shares to the Board of Directors and verify their rationale by comparing their carrying amounts of ¥2,107 million with the cost of capital. - FY2019AdvancedAnnual report
「The Company reports its policy-held shares to the Board of Directors regularly, verifies the economic rationale for holding each issue by comparing the benefits and risks of holding it with the Company's cost of capital, and determines whether to continue holding it after comprehensively considering the strengthening of business relationships, the medium- to long-term benefits of holding the shares and other factors.」
The Company has specified its management approach for policy-held shares, including regular reporting to the Board of Directors and verification of their economic rationale by comparing their benefits and risks with the cost of capital. - FY2018RestatedAnnual report
「As a general rule, the Company acquires and holds investment securities consisting of shares related to business or capital alliances and other arrangements with business partners, and has a policy of not managing them for the purpose of earning gains on sales or for speculative purposes.」
The Company continues to hold shares to maintain and strengthen business relationships, rather than for purely speculative purposes. - FY2017First statedAnnual report
「As a general rule, the Company acquires and holds investment securities consisting of shares related to business or capital alliances and other arrangements with business partners, and has a policy of not managing them for the purpose of earning gains on sales or for speculative purposes.」
The Company has stated for the first time a policy of holding investment securities to maintain relationships with business partners through business and capital alliances and other arrangements, and not managing them for gains on sales or speculative purposes.