Shareholdings Held to Maintain Business Relationships
First written in FY2016. 5 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2023.
The whole theme swung hardest in 2019: 17 of 136 companies on the "Worse" side.
- FY2023AdvancedAnnual report
「Shares other than unlisted shares 1 90,660」
Regarding cross-shareholdings, the Company sold 1 issue other than an unlisted share and disclosed total sale proceeds of ¥90.66 million. At the end of the fiscal year, it held 1 unlisted issue and 11 listed issues. - FY2022AdvancedAnnual report
「Shares other than unlisted shares 1 2,643」
Regarding cross-shareholdings, the Company sold 1 issue other than an unlisted share and disclosed total sale proceeds of ¥2.643 million. At the end of the fiscal year, it held 12 issues, with a total amount recognized on the balance sheet of ¥321.472 million. - FY2021AdvancedAnnual report
「Every year, the Board of Directors comprehensively considers the maintenance and development of business relationships and whether the benefits of holding each share are commensurate with its cost of capital, among other factors, and examines the appropriateness of holding each issue individually. The policy is to reduce holdings for shares whose continued ownership lacks significance or a rational basis, while engaging in dialogue with the companies in which the holdings are maintained.」
Regarding cross-shareholdings, the Company continues its policy of reviewing each issue individually and reducing holdings without a rational basis, and states that it reduced its holdings by 1 issue other than an unlisted share during the fiscal year. - FY2020AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Shares other than unlisted shares 3 307,637」
Regarding cross-shareholdings, the Company sold 3 issues other than unlisted shares and disclosed total sale proceeds of ¥307.663 million. - FY2019AdvancedAnnual report
「Every year, the Board of Directors comprehensively considers the maintenance and development of business relationships and whether the benefits of holding each share are commensurate with its cost of capital, among other factors, and examines the appropriateness of holding each issue individually. For shares with no rational basis for continued ownership, the Company seeks to reduce its holdings after taking the circumstances of the relevant company into account. At a Board of Directors meeting in December 2018, the Company compared each holding with its cost of capital and scrutinized the benefits, including market value, dividends and transaction results, to assess the rationality of the holdings.」
Regarding cross-shareholdings, the Company states that the Board of Directors verified the rationale for holding each issue using factors including cost of capital, market value, dividends and transaction results, and has a policy of reducing holdings without a rational basis. - FY2018ReframedAnnual report
「Number of holdings 18 issues Total amount recognized on the balance sheet ¥618.347 million」
The number of holdings remained at 18, but the carrying amount decreased from ¥726.529 million in the previous fiscal year to ¥618.347 million, while the stated purpose of holding them broadened from "maintaining business relationships" to "strengthening relationships with business partners." - FY2017RestatedAnnual report
「Number of holdings 18 issues Total amount recognized on the balance sheet ¥726.529 million」
The Company continues its policy of holding strategically held shares to maintain business relationships and discloses the number of holdings and their carrying amount. - FY2016First statedAnnual report
「Strategically held shares … Purpose of holding Maintaining business relationships」
The Company states that it holds shares in several business partners and related parties to maintain business relationships.