Review of Strategic Shareholdings Held to Maintain Business Relationships and Enhance Corporate Value
First written in FY2019. . Latest entry: FY2026.
- FY2026Increase and partial reduction in policy-held sharesAnnual report
「Shares other than unlisted shares 29 ¥1,914.707 million」
Policy-held shares comprised 29 holdings, unchanged from the previous fiscal year, while the amount recognized on the balance sheet increased from ¥1,564.887 million to ¥1,914.707 million. During the period, the number of shares increased for 13 holdings and decreased for 2 holdings. - FY2025Changes in the portfolio composition; no reductionsAnnual report
「Shares other than unlisted shares 29 ¥1,564.887 million」
Policy-held shares comprised 29 holdings, with an amount recognized on the balance sheet of ¥1,564.887 million. During the period, the number of shares increased for 15 holdings, with no holdings recording a decrease. Changes in the portfolio composition included purchases through an employee shareholding association of a business partner and a share exchange from Iwasaki Electric Co., Ltd. shares to AIPHONE CO., LTD. shares. - FY2024Update on Cross-ShareholdingsAnnual report
「Shares other than unlisted shares 29 ¥1,567.813 million」
Policy-held shares comprised 29 holdings, with an amount recognized on the balance sheet of ¥1,567.813 million. Although the number of holdings decreased from 30 in the previous fiscal year, the amount increased from ¥1,330.671 million. During the period, the number of shares increased for 18 holdings and decreased for 3 holdings. - FY2023Update on Cross-ShareholdingsAnnual report
「Shares other than unlisted shares 30 ¥1,330.671 million」
Policy-held shares comprised 30 holdings, with an amount recognized on the balance sheet of ¥1,330.671 million. The amount increased from ¥1,299.219 million for 30 holdings in the previous fiscal year; the number of shares increased for 17 holdings and decreased for 1 holding. - FY2022Update on Cross-ShareholdingsAnnual report
「Shares other than unlisted shares 30 ¥1,299.219 million」
For policy-held shares, the number of holdings other than unlisted shares was 30, and their amount recognized on the balance sheet was ¥1,299.219 million. The number of shares increased for 17 holdings and decreased for 2 holdings. - FY2021Update on Cross-ShareholdingsAnnual report
「Shares other than unlisted shares 31 ¥1,288.585 million」
For policy-held shares, the number of holdings other than unlisted shares was 31, and their amount recognized on the balance sheet was ¥1,288.585 million. During the fiscal year under review, the number of shares increased for 17 holdings and decreased for 3 holdings. - FY2019First statedAnnual report
「The listed shares held by the company are limited to those for which maintaining and strengthening stable business relationships through shareholdings is deemed to contribute to enhancing the company's corporate value. At meetings of the Board of Directors, the company verifies whether continuing to hold each shareholding will contribute to enhancing corporate value, based on the business benefits arising from the company's transactions with the investee, the market value of the shares, dividend income and other aspects of economic rationality. Shareholdings for which a rationale cannot be confirmed will be reduced at an appropriate time.」
For policy-held shares, the company disclosed as a separate item its policy of maintaining and strengthening business relationships, having the Board of Directors verify the business benefits and economic rationale, and reducing holdings that lack a rationale.