Holdings of investment shares for the purpose of maintaining business relationships
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2023Reduced the scale of holdings through sales of investment sharesAnnual report
「Unlisted shares 5 16,836 Shares other than unlisted shares 1 48,573」
The company holds 5 unlisted issues with a carrying amount of ¥16.836 million and 1 listed issue with a carrying amount of ¥48.573 million among investment shares other than those held for pure investment purposes. During the fiscal year, it sold 1 unlisted issue and 1 listed issue. - FY2022RestatedAnnual report
「The company holds the shares only where a reasonable rationale is recognized and has a policy of not holding them otherwise. The rationale for holding them is determined by reviewing the profitability associated with the holdings and considering their purpose, including the maintenance and strengthening of business relationships. The Board of Directors also reviews the significance of the holdings as necessary.」
The policy of limiting holdings of investment shares to cases with a reasonable rationale and reviewing their profitability, business relationships and significance remains in place. - FY2020RestatedAnnual report
「The company holds the shares only where a reasonable rationale is recognized and has a policy of not holding them otherwise. The rationale for holding them is determined by reviewing the profitability associated with the holdings and considering their purpose, including the maintenance and strengthening of business relationships. The Board of Directors also reviews the significance of the holdings as necessary.」
The policy of limiting holdings of investment shares to cases with a reasonable rationale and reviewing their profitability, business relationships and significance remains in place. - FY2019Specified the policy for verifying the rationale for holding investment sharesAnnual report
「The company holds the shares only where a reasonable rationale is recognized. The rationale for holding them is determined by considering the purpose of the holdings, including the profitability associated with holding them and the maintenance and strengthening of business relationships. The Board of Directors also reviews impairment risks, including those arising from a decline in share prices, each time they arise.」
The company has disclosed that the rationale for holding investment shares is assessed based on their purpose, profitability and business relationships, and that the Board of Directors reviews impairment risks as necessary. - FY2018First statedAnnual report
「Number of issues 7 issues Total balance sheet carrying amount ¥135.036 million」
The company holds 7 investment shares other than those held for pure investment purposes, with a total balance sheet carrying amount of ¥135.036 million. The stated purpose of holding shares in Concordia Financial Group, Ltd. is to "maintain smooth business relationships and for other purposes."