Strategic Shareholdings Held to Strengthen Business Relationships
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Update to changes in cross-held sharesAnnual report
「(Issues whose number of shares increased during the fiscal year) Unlisted shares － Shares other than unlisted shares 5 4 (Issues whose number of shares decreased during the fiscal year) Unlisted shares － Shares other than unlisted shares 2 1,823」
Regarding cross-held shares, the number of shares held increased for 5 listed issues, and shares in 2 issues were sold. The policy of holding shares to strengthen business relationships and deliberating on the rationale for continued ownership at meetings of the Board of Directors remains in place. - FY2025Update to changes in cross-held sharesAnnual report
「(Issues whose number of shares increased during the fiscal year) Unlisted shares － Shares other than unlisted shares 7 944 (Issues whose number of shares decreased during the fiscal year) Unlisted shares － Shares other than unlisted shares 1 318」
Regarding cross-held shares, the Company additionally acquired shares in 7 listed issues and sold shares in 1 issue. It continues its policy of holding shares to strengthen business relationships and reviewing the appropriateness of continued ownership from both quantitative and qualitative perspectives. - FY2024AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year Unlisted shares 1 1 Shares other than unlisted shares 8 425」
Regarding cross-held shares, the Company sold shares in 1 unlisted issue and 8 listed issues. It reviews the appropriateness of continued ownership from both quantitative perspectives, including transaction status, dividends, and gains or losses on valuation, and qualitative perspectives, including strategic significance. - FY2021AdvancedAnnual report
「The Company’s policy is to hold shares for policy purposes in order to strengthen business relationships. In reviewing the appropriateness of holding individual issues at meetings of the Board of Directors, the Company makes a comprehensive assessment on both quantitative and qualitative grounds. Quantitative factors include the status and value of transactions with the companies whose shares it holds, annual dividends received, and gains or losses on share valuation. Qualitative factors include the strategic significance of the holdings, the potential for future business development, the risks of not holding the shares, and the benefits and risks of continuing to hold them.」
The Company has specified its policy of having the Board of Directors review cross-held shares from both quantitative and qualitative perspectives, and sold all shares of 1 issue during the fiscal year. - FY2019First statedAnnual report
「The Company’s policy is to hold shares for policy purposes in order to strengthen business relationships. It monitors the performance and transaction status of the companies whose shares it holds and reviews the appropriateness of continued ownership at meetings of the Board of Directors.」
The Company discloses a policy of holding cross-held shares to strengthen business relationships, monitoring performance and transaction status, and having the Board of Directors review the appropriateness of continued ownership.