Maintaining Stable Business Relationships Through Strategic Shareholdings
First written in FY2018. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Increase in Cross-Shareholdings; No SalesAnnual report
「(Holdings whose number of shares decreased during the fiscal year) None applicable.」
During the fiscal year, there were no securities for which the number of cross-held shares decreased. The total carrying amount was ¥1,556.489 million, comprising ¥910.650 million in unlisted shares and ¥645.839 million in listed shares. This was an increase from ¥1,245.007 million in the previous fiscal year. - FY2025Sale of 2 Cross-Shareholdings; Increase in Carrying AmountAnnual report
「Securities for which the number of shares decreased during the fiscal year: Number of securities: 2; total sale proceeds related to the decrease in the number of shares: ¥79.491 million」
The company sold 2 listed cross-held shares. The total carrying amount of cross-held shares increased from ¥1,220.039 million in the previous fiscal year to ¥1,245.007 million. - FY2024Increase in Cross-Shareholding Value; Addition of Holdings Acquired Through MergerAnnual report
「Unlisted shares 5 896,248 Shares other than unlisted shares 15 323,791」
The cross-shareholdings comprised 5 unlisted holdings and 15 listed holdings, with a total carrying amount of ¥1,220,039 thousand. Following the absorption-type merger of 株式会社ポムアン, the company succeeded to shares in Izumi, Seven & i Holdings and other companies. - FY2023Sale of 2 Listed Cross-Shareholdings; Increase in Carrying AmountAnnual report
「Holdings for which the number of shares decreased during the fiscal year Number of holdings (holdings) 2 Total sale proceeds related to the decrease in the number of shares (¥ thousand) 13,462」
The company sold 2 listed cross-shareholdings. Meanwhile, the total carrying amount, including unlisted shares, increased from ¥1,044,156 thousand in the previous fiscal year to ¥1,115,888 thousand. - FY2021Decrease in Carrying Amount and Number of Cross-ShareholdingsAnnual report
「At meetings of the board of directors, the company comprehensively scrutinizes whether it is appropriate to continue holding each individual cross-shareholding, taking into account various factors, including whether the benefits of holding the shares are commensurate with the cost of capital, and determines whether continued holding or disposal is necessary.」
The cross-shareholdings comprised 5 unlisted holdings with a carrying amount of ¥752,807 thousand and 19 listed holdings with a carrying amount of ¥291,349 thousand, for a total carrying amount of ¥1,044,156 thousand. This was down from ¥1,050,143 thousand in the previous fiscal year, and the number of shares held in 1 listed company also decreased. - FY2020Decrease in Carrying Amount of Cross-Shareholdings; More Specific Review MethodAnnual report
「At meetings of the board of directors, the company comprehensively scrutinizes whether it is appropriate to continue holding each individual cross-shareholding, taking into account various factors, including whether the benefits of holding the shares are commensurate with the cost of capital, and determines whether continued holding or disposal is necessary.」
The company held 25 cross-shareholdings, with a total carrying amount of ¥1,050,143 thousand, down from ¥1,103,395 thousand in the previous fiscal year. It also describes the method used by the board of directors to assess whether continued holding or disposal is necessary, including whether the holdings are commensurate with the cost of capital. - FY2019Decrease in the carrying amount of cross-shareholdingsAnnual report
「Number of holdings 25 holdings Total balance-sheet carrying amount ¥1,103,395 thousand」
The number of cross-shareholdings held to maintain and continue stable business relationships remained at 25, while their carrying amount decreased from ¥1,189,312 thousand in the previous fiscal year to ¥1,103,395 thousand. - FY2018First statedAnnual report
「The purpose of holding the shares is to maintain and continue stable business relationships.」
The company states that it holds 25 investment securities for purposes other than pure investment, with a total balance-sheet carrying amount of ¥1,189,312 thousand, for the purpose of maintaining and continuing stable business relationships.