Strategic shareholdings held to strengthen relationships with business partners
First written in FY2017. 3 of 5 entries say "Advanced", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The company will verify the rationale for its holdings and promptly sell shares whose holding purpose is determined to have been lost.」
The company continues to pursue a policy of verifying the rationale for strategic shareholdings and promptly selling shares whose holding purpose has been lost. It holds only 2 unlisted stocks. - FY2023AdvancedAnnual report
「To avoid risks arising from share price fluctuations and improve asset efficiency, the company does not hold such shares except where they are necessary for business relationships with investees or for collaboration with the company.」
The company holds no listed shares as strategic shareholdings, holding only 2 unlisted stocks with a total value of ¥7.504 million. It has clearly stated its policy of avoiding share price fluctuation risk and improving asset efficiency. - FY2020AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year」
The company sold shares, including 6 listed stocks, held as strategic shareholdings. It is moving from holdings intended to maintain and strengthen business relationships through the previous fiscal year to concrete disposal and reduction of those holdings. - FY2019AdvancedAnnual report
「Our basic policy is to dispose of or reduce cross-shareholdings whose strategic rationale we believe has diminished as promptly as possible. Accordingly, the Board of Directors verifies the rationale for each individual cross-shareholding every fiscal year. If any holding is not deemed to contribute to the sustainable growth of our Group and the enhancement of corporate value over the medium to long term, we will disclose the results of the review and engage in necessary and sufficient dialogue with the investee company as a shareholder.」
The company has specified its policy for strategic shareholdings: conducting an individual review each fiscal year, disposing of or reducing holdings, engaging in dialogue with counterparties, and selling shares where no improvement is achieved. - FY2017First statedAnnual report
「Number of stocks: 9 stocks; total balance sheet carrying amount: ¥160.191 million」
The company holds 9 specified investment stocks and other shares with a total balance sheet carrying amount of ¥160.191 million, explaining that the purpose is to “strengthen relationships with business partners.”