Strategic shareholdings aimed at maintaining and strengthening business relationships
First written in FY2016. 2 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Updated the number of cross-held stocks that increased and their acquisition valueAnnual report
「Shares other than unlisted shares 3 ¥2.355 million The increase resulted from purchases through business-partner employee stock ownership plans.」
While continuing its basic policy on cross-shareholdings and the Board of Directors’ verification of their rationale, the company updated the increase through a business-partner employee stock ownership plan to 3 stocks with an acquisition value of ¥2.355 million. - FY2025Updated the stocks with increased holdings and the stocks sold under the cross-holdings portfolioAnnual report
「Shares other than unlisted shares 3 ¥2.229 million The increase resulted from purchases through business-partner employee stock ownership plans. ... JSR Corporation ... During the fiscal year, all shares were sold in response to a tender offer (TOB).」
While continuing its cross-holding policy and the Board of Directors’ verification of the rationale for such holdings, the company reports an increase in 3 stocks through a business-partner employee stock ownership plan and the sale of all JSR shares held as deemed holdings. - FY2022Updated the number of stocks with increased holdings to 3Annual report
「Shares other than unlisted shares 3 ¥1.615 million The increase resulted from purchases through business-partner employee stock ownership plans.」
During the fiscal year, the number of 3 cross-held stocks other than unlisted shares increased through purchases under business-partner employee stock ownership plans. - FY2021Added stocks to the cross-holdings portfolioAnnual report
「Shares other than unlisted shares 4 ¥52.116 million The increase resulted from the acquisition of shares of business partners and purchases through business-partner employee stock ownership plans.」
During the fiscal year, the number of cross-held stocks increased for 4 issues, bringing the total acquisition value to ¥52.116 million. - FY2020Further specifying the review process for cross-shareholdingsAnnual report
「The Board of Directors verifies the rationale for these holdings by examining whether their purpose is appropriate and whether the benefits and risks associated with holding them are commensurate with the cost of capital. All of the holdings contribute to improving the efficiency of our business and enhancing profitability.」
In addition to its policy of limiting cross-shareholdings in principle, the company specifies that the Board of Directors verifies their purpose, benefits and risks, and consistency with the cost of capital. - FY2018RestatedAnnual report
「Our basic policy is not to hold shares, from the perspectives of avoiding the risks arising from share price fluctuations and improving asset efficiency, except where we determine that holdings will contribute to maintaining or enhancing the corporate value of business partners and the company, including by maintaining and strengthening business relationships and stabilizing shareholdings.」
The company reiterates its policy of limiting cross-shareholdings and using their contribution to business relationships and corporate value as the basis for its holding decisions. - FY2017RestatedAnnual report
「Our basic policy is not to hold shares, from the perspectives of avoiding the risks arising from share price fluctuations and improving asset efficiency, except where we determine that holdings will contribute to maintaining or enhancing the corporate value of business partners and the company, including by maintaining and strengthening business relationships and stabilizing shareholdings.」
The company reiterates its policy of limiting cross-shareholdings and using their contribution to business relationships and corporate value as the basis for its holding decisions. - FY2016First statedAnnual report
「To avoid the risks arising from share price fluctuations and improve asset efficiency, our basic policy is not to hold shares except where we determine that holdings will contribute to maintaining or enhancing the corporate value of business partners and the company, including by maintaining and strengthening business relationships and stabilizing shareholdings.」
The company limits its cross-shareholdings and uses their contribution to business relationships and corporate value as the basis for its holding decisions.