Strategic Shareholdings Aimed at Strengthening Business Relationships and Stabilizing Shareholdings
First written in FY2018. 2 of 6 entries say "Advanced", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025Additional acquisition of unlisted sharesAnnual report
「Unlisted shares, 1 issue, ¥5 million, investment in Kanagawa CGC」
Regarding cross-shareholdings, the company acquired 1 unlisted issue for ¥5 million through an investment in Kanagawa CGC during the fiscal year. No sale of listed shares was disclosed. - FY2024AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: shares other than unlisted shares, 5 issues, ¥18.586 million」
Regarding cross-shareholdings, the company sold shares in 5 listed issues during the fiscal year and recorded proceeds of ¥18.586 million. - FY2023AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: shares other than unlisted shares, 1 issue, ¥19.523 million」
Regarding cross-shareholdings, the company sold shares in 1 listed issue and recorded proceeds of ¥19.523 million. It also stated its policy of verifying the rationality of the holdings and formulating a sale plan. - FY2021Sale of cross-shareholdings and unwinding of reciprocal holdingsAnnual report
「Issues whose number of shares decreased during the fiscal year: shares other than unlisted shares, 2 issues, ¥33.630 million」
The company stated that it sold shares in 2 listed issues and also unwound reciprocal shareholdings. - FY2019RestatedAnnual report
「The company holds investment shares for purposes other than pure investment only when it determines that cross-shareholdings will help maintain and strengthen stable business relationships, gather information and stabilize financing, thereby contributing to an increase in corporate value. The Board of Directors verifies the rationality and appropriateness of these holdings by reviewing the financial condition of the investee companies and whether the holdings contribute to maintaining and strengthening stable business relationships.」
The company has formalized its policy on cross-shareholdings, which are held to maintain and strengthen business relationships, gather information and stabilize financing, with the rationality of the holdings verified by the Board of Directors. - FY2018First statedAnnual report
「Number of holdings: 16 issues; total carrying amount on the balance sheet: ¥991.263 million」
The company disclosed that it holds shares in Suruga Bank, Shizuoka Bank, Kobe Bussan and others to strengthen intercompany relationships, and shares in Mitsubishi UFJ Financial Group and others to stabilize the shareholder base.