Cross-shareholdings to maintain and strengthen business relationships
First written in FY2018. 5 of 11 entries say "Mitigated", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2025MitigatedAnnual report
「Unlisted shares 15 68,771 Shares other than unlisted shares 20 1,954,154」
The policy-held shares now comprise 15 unlisted issues and the equivalent of 20 listed issues. The number of listed-equivalent issues decreased from 22 to 20 year on year, and during the fiscal year the company sold 2 listed issues and other holdings. - FY2025-Q1RestatedAnnual report
「Other income and expenses, net, amounted to ¥203 million, mainly because gains on sales of investment securities resulting from reducing cross-shareholdings were recorded, up 1,385.0% from the same quarter of the previous year.」
The company continued to record gains on sales of investment securities resulting from reducing cross-shareholdings. - FY2023Partial reduction in the number of holdingsAnnual report
「Unlisted shares 13 73,187 Shares other than unlisted shares 22 1,479,770」
The number of unlisted cross-shareholdings declined from 14 issues in the previous fiscal year to 13, while the number equivalent to listed shares remained unchanged at 22. - FY2022MitigatedAnnual report
「Unlisted shares 14 109,282 Shares other than unlisted shares 22 1,402,705」
The number of cross-shareholdings equivalent to listed shares declined from 57 issues previously to 22 issues, and the company sold 35 issues during the fiscal year. - FY2022-Q3RestatedAnnual report
「Other income and expenses, net, amounted to a gain of ¥12 million, mainly because gains on sales of investment securities from reducing cross-shareholdings increased and the provision for loss on guarantees recorded in the same quarter of the previous year was no longer recorded, compared with a loss of ¥55 million in the same quarter of the previous year. Income before income taxes and other adjustments was ¥1,109 million, down 76.0% year on year.」
The explanation that gains on sales resulting from reducing cross-shareholdings and the absence of the previous year's provision for loss on guarantees contributed to the gain in other income and expenses continues. - FY2022-Q2Continued recognition of gains on sales from reducing cross-shareholdingsAnnual report
「Other income and expenses, net, amounted to a gain of ¥12 million, mainly because gains on sales of investment securities from reducing cross-shareholdings increased and the provision for loss on guarantees recorded in the same quarter of the previous year was no longer recorded, compared with a loss of ¥62 million in the same quarter of the previous year.」
The company continued to record gains on sales of investment securities resulting from reducing cross-shareholdings. The absence of the provision for loss on guarantees recorded in the same period of the previous year was also cited as a factor contributing to the gain in other income and expenses. - FY2021MitigatedAnnual report
「The company has a policy of reducing cross-shareholdings that are considered to have limited significance for continued ownership.」
The number of cross-shareholdings comprised 14 unlisted issues and 57 listed issues, down from the 58 listed issues reported previously. During the fiscal year, the company sold 1 listed issue and others. - FY2020MitigatedAnnual report
「The company holds shares as cross-shareholdings to maintain and strengthen business relationships. Each year, the Board of Directors verifies the medium- to long-term economic rationale and conducts risk analysis (Value at Risk) for its major cross-shareholdings, then decides whether to continue holding them. The company has a policy of reducing cross-shareholdings that are considered to have limited significance for continued ownership.」
The company explicitly stated its policy of conducting annual analyses of the economic rationale and risks of cross-shareholdings and reducing such holdings. The portfolio comprised 14 unlisted issues and 58 listed issues, and during the fiscal year the company sold 3 listed issues and others. - FY2020-Q3RestatedAnnual report
「Other income and expenses, net, amounted to a gain of ¥70 million, mainly because gains on sales of investment securities from reducing cross-shareholdings were recorded, down 79.1% from the same quarter of the previous year.」
The company continued to record gains on sales of investment securities resulting from reducing cross-shareholdings. - FY2020-Q2Explicit policy to reduce cross-shareholdingsAnnual report
「Other income and expenses, net, amounted to a gain of ¥67 million, as gains on sales of investment securities, mainly from reducing cross-shareholdings, were recorded and exceeded other losses, representing a 161.3% increase from the same quarter of the previous year.」
It was explicitly stated that gains on sales resulting from reducing cross-shareholdings held to maintain and strengthen business relationships were recorded. - FY2018First statedAnnual report
「Specified investment shares 78 issues ¥2,927,354 thousand」
The company holds 78 issues of shares held for purposes other than pure investment, with a balance-sheet carrying amount of ¥2,927 million, primarily to maintain and strengthen business relationships.