Criteria for holding cross-shareholdings and annual reviews of their rationale
First written in FY2019. 1 of 8 entries say "Restated". Latest entry: FY2026.
- FY2026Number of holdings maintained; carrying amount increasedAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The policy of reviewing the rationale annually remains in place. The number of strategic shareholdings remained at 10, while the balance-sheet carrying amount increased from ¥124.383 million in the previous fiscal year to ¥160.278 million. The company states that the holdings were reviewed at the board meeting held in May 2026. - FY2025Number of holdings decreased while carrying value increasedAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The policy of reviewing the rationale annually remains in place. At the end of the fiscal year, the number of holdings was 10 and the balance-sheet carrying amount increased to ¥124.383 million. The number of shares other than those of unlisted companies increased for 3 holdings through purchases, while 1 holding was sold. - FY2024Increase in the carrying amount of cross-shareholdingsAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The policy of reviewing the rationale annually remains in place. The number of holdings remained at 11, while the balance-sheet carrying amount increased from ¥94.845 million in the previous fiscal year to ¥110.010 million. The company states that the rationale was reviewed at the board meeting held in June 2024. - FY2023Decrease in the carrying amount of cross-shareholdingsAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The policy of reviewing the rationale annually remains in place. At the end of the fiscal year, the number of holdings was 11 and the balance-sheet carrying amount was ¥94.845 million. - FY2022Increase in the carrying amount of cross-shareholdingsAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The policy of reviewing the rationale annually remains in place. At the end of the fiscal year, the number of holdings was 11 and the balance-sheet carrying amount was ¥116 million, up from ¥95 million in the previous fiscal year. - FY2021Increase in holdings and carrying amountAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The policy of reviewing the rationale for holding strategic shareholdings annually remains in place. At the end of the fiscal year, the number of holdings was 11 and the balance-sheet carrying amount was ¥95 million. The number of shares increased for 3 holdings through purchases via employee stock ownership plans of business partners. - FY2020RestatedAnnual report
「The Company reviews the medium- to long-term economic rationale and benefits from a business strategy perspective, including future prospects, for each fiscal year and determines whether to continue holding the shares.」
The Company reconfirms its policy of reviewing the rationale for cross-shareholdings for each fiscal year in light of their contribution to business relationships and corporate value. At the end of the current fiscal year, the Company held 11 issues, with a balance sheet carrying amount of ¥67.481 million. - FY2019First statedAnnual report
「As a basic policy, the Company does not hold shares except where it determines that doing so contributes to maintaining or enhancing the corporate value of the business partner and the Company, such as by maintaining or strengthening business relationships, from the perspectives of avoiding the risk of share price fluctuations and improving asset efficiency.」
In light of the need to avoid share price fluctuation risk and improve asset efficiency, the Company states for the first time its basic policy of not holding shares except where they contribute to business relationships or corporate value. It states that the medium- to long-term economic rationale and benefits from a business strategy perspective will be reviewed for each fiscal year.