Holding Strategic Shareholdings and Verifying Their Rationale
First written in FY2020. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「(Issues for which the number of shares increased during the fiscal year) Shares other than unlisted shares 6 59 Regular purchases by business-partner shareholding associations and maintenance and strengthening of business relationships」
The number of shares increased for 6 cross-held issues, with regular purchases by business-partner shareholding associations and the maintenance and strengthening of business relationships disclosed as the reasons. The number of issues held and the carrying amount were also ¥10 issues and ¥1,244 million, respectively. - FY2025AdvancedAnnual report
「Shares other than unlisted shares 9 821」
Cross-held shares decreased substantially from 11 issues with a carrying amount of ¥10,271 million in the previous fiscal year to 9 issues with a carrying amount of ¥821 million. 2 issues were sold during the fiscal year for ¥7,441 million. - FY2024AdvancedAnnual report
「For each cross-held shareholding, we establish criteria including growth potential, future prospects, profitability and earning capacity, and the Board of Directors verifies the rationale for holding it and its economic rationality.」
The company disclosed 11 cross-held listed shares with a carrying amount on the balance sheet of ¥1,027 million, and also noted that the number of shares held increased for 5 issues through regular purchases by business-partner shareholding associations. - FY2021AdvancedAnnual report
「For each cross-held shareholding, we establish criteria including growth potential, future prospects, profitability and earning capacity, and the Board of Directors verifies the rationale for holding it and its economic rationality.」
In addition to the previous verification of the rationale and economic rationality of holdings, the verification criteria have been specified to include growth potential, future prospects, profitability and earning capacity. - FY2020First statedAnnual report
「We may hold listed shares as cross-shareholdings where we determine that doing so will contribute to building and strengthening cooperative and stable relationships and to our sustainable growth and the enhancement of corporate value over the medium to long term. For each cross-held shareholding, the Board of Directors verifies the rationale for holding it and its economic rationality.」
The company has newly stated its policy of holding listed shares as cross-shareholdings where they are deemed to contribute to maintaining and strengthening business relationships and enhancing corporate value, and of verifying the rationale and economic rationality of such holdings at Board of Directors meetings.