Review of Policy-Held Shares Held to Strengthen Business Relationships
First written in FY2019. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Updated the number and balance of policy-held sharesAnnual report
「Excluding unlisted shares, the company held 14 issues with an aggregate balance-sheet carrying amount of ¥7,958 million.」
For cross-shareholdings, the number of issues changed from 16 to 14, and the balance-sheet carrying amount changed from ¥7,834 million to ¥7,958 million. - FY2025Updated the balance of cross-shareholdings for the yearAnnual report
「Excluding unlisted shares, the company held 16 issues with an aggregate balance-sheet carrying amount of ¥7,834 million.」
For cross-shareholdings held to strengthen business relationships and for other purposes, the company discloses 16 issues with a balance-sheet carrying amount of ¥7,834 million. - FY2024Updated the balance of cross-shareholdings for the yearAnnual report
「Excluding unlisted shares, the company held 16 issues with an aggregate balance-sheet carrying amount of ¥6,166 million.」
For cross-shareholdings, the company discloses 16 issues with a balance-sheet carrying amount of ¥6,166 million. - FY2022Updated the number and carrying amount of cross-shareholdings for the yearAnnual report
「Excluding unlisted shares, the company held 16 issues with an aggregate balance-sheet carrying amount of ¥4,045 million.」
For cross-shareholdings, the company discloses 16 issues with a balance-sheet carrying amount of ¥4,045 million. - FY2021Updated the number and carrying amount of cross-shareholdings for the yearAnnual report
「Excluding unlisted shares, the company held 16 issues with an aggregate balance-sheet carrying amount of ¥3,459 million.」
For cross-shareholdings held to strengthen business relationships, the company discloses the number of issues held and their balance-sheet carrying amount for the current fiscal year. - FY2019First statedAnnual report
「The policy for holding investment shares held for purposes other than pure investment is to hold them to strengthen relationships with the companies concerned. Accordingly, the company acquires and holds shares based on policy decisions concerning companies with which it currently has an ongoing business relationship or other companies in the same industry with which it may establish a relationship in the future. The rationality of holding the shares and the appropriateness of holding individual issues are reviewed in a timely and appropriate manner when voting and in response to changes in business relationships with the company and its group companies, share prices and market conditions, taking into account the performance of the company concerned and its relationship with the company. Material changes are to be resolved by the Board of Directors.」
The company has for the first time described its policy of holding cross-shareholdings to strengthen business relationships and verifying their rationality based on business relationships, share prices, market conditions and the performance of the counterparties.