Strategic Shareholdings Held to Maintain and Strengthen Business Relationships
First written in FY2017. 1 of 8 entries say "Reframed", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 136 companies on the "Worse" side.
- FY2026Number of holdings unchanged; carrying value up substantiallyAnnual report
「Unlisted shares 25 ¥186 million Shares other than unlisted shares 24 ¥5,140 million」
Policy-held shares totaled 49 holdings, unchanged from the previous disclosure, while their carrying value increased from ¥3,002 million to ¥5,326 million. The Company continues its policy of having the Board of Directors verify the rationale for holding them. - FY2024Number of holdings unchanged; carrying value increasedAnnual report
「Unlisted shares 25 ¥186 million Shares other than unlisted shares 24 ¥2,816 million」
Policy-held shares totaled 49 holdings, unchanged from the previous disclosure, while their carrying value increased from ¥2,102 million to ¥3,002 million. The Company continues to verify the rationale for holding them and to reduce holdings when their significance is limited. - FY2023Decrease in number of holdings and increase in carrying valueAnnual report
「Unlisted shares 25 ¥186 million Shares other than unlisted shares 24 ¥1,916 million」
Policy-held shares totaled 49 holdings, with a carrying value of ¥2,102 million. Compared with the previous 51 holdings with a carrying value of ¥2,012 million, the number of holdings decreased while their carrying value increased. The Company continues to verify the significance and economic rationale of holdings and to reduce holdings when their significance is limited. - FY2021Decrease in number of holdings and increase in carrying valueAnnual report
「Unlisted shares 27 ¥190 million Shares other than unlisted shares 24 ¥1,822 million」
Policy-held shares totaled 51 holdings, with a carrying value of ¥2,012 million. Compared with the previous 53 holdings with a carrying value of ¥1,584 million, the number of holdings decreased while their carrying value increased. The Company continues to verify the rationale for holding them and to reduce holdings when their significance is limited. - FY2020Number and carrying value of holdings changedAnnual report
「Unlisted shares 27 ¥190 million Shares other than unlisted shares 24 ¥1,822 million」
Policy-held shares totaled 53 holdings, with a carrying value of ¥1,584 million. The Company continues to verify the purpose of holding them and to reduce holdings when their significance is insufficient. - FY2019ReframedAnnual report
「The Company may hold shares of another company only when it determines that doing so will contribute to improving its medium- to long-term corporate value, from the perspective of maintaining and strengthening comprehensive relationships, including establishing stable, medium- to long-term business relationships with that company. For each policy-held shareholding, the Board of Directors verifies, from a medium- to long-term perspective, the significance and economic rationale of holding it, including maintaining and strengthening business relationships, and whether the benefits and risks associated with holding it are commensurate with the cost of capital. If the review determines that the significance of a holding is insufficient, the Company will reconsider it, including by reducing the holding.」
The description of the policy for policy-held shares was made more specific, moving from simply maintaining and strengthening business relationships to verifying at the Board of Directors the contribution to medium- to long-term corporate value, economic rationale, and comparison with the cost of capital. The number of holdings is 52, with a carrying value of ¥1,865 million. - FY2018Number and carrying value of holdings increasedAnnual report
「Number of holdings 60 holdings Total amount recognized on the balance sheet ¥2,416 million」
Policy-held shares increased from the previously reported 59 holdings with a carrying value of ¥2,324 million to 60 holdings with a carrying value of ¥2,416 million. The purpose of holding them remains “maintaining and strengthening business relationships.” - FY2017First statedAnnual report
「Maintaining and strengthening business relationships」
For investment shares held for purposes other than pure investment, the Company has consistently stated the purpose of holding them as “maintaining and strengthening business relationships.” The number of holdings is 59, and their total amount recognized on the balance sheet is ¥2,324 million.