Agile group management through the transition to a holding company structure
First written in FY2018. 2 of 5 entries say "Achieved", first in FY2019-Q2. Latest entry: FY2019.
The whole theme swung hardest in 2023: 1 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Cited as achieved".
- FY2019Cited as achievedAnnual report
「Our group transitioned to a holding company structure effective 1 October 2018. We made this decision because we determined that, in order to adapt flexibly to changes in the business environment, it was essential for the company, as a holding company, to lead group-wide strategy formulation and establish a chain of command that would enable business selection and concentration through rapid decision-making.」
The transition to a holding company structure is described as an implemented management structure, with its objectives explained as group strategy formulation, rapid decision-making and business selection and concentration. - FY2019-Q3AchievedAnnual report
「The company transitioned to a holding company structure effective 1 October 2018 and changed its corporate name on the same date to “MITSUI MATSUSHIMA HOLDINGS CO.,LTD.” The company also transferred its coal sales business to 三井松島産業株式会社, the company incorporated through the company split, and included it in the scope of consolidation from the current third-quarter consolidated accounting period.」
The transition to a holding company structure, change of corporate name and transfer of the coal sales business to the newly incorporated company were implemented effective 1 October 2018, and the newly incorporated company became a consolidated subsidiary from the current third-quarter consolidated accounting period. - FY2019-Q2AchievedAnnual report
「Based on resolutions of the board of directors meeting held on 11 May 2018 and the 162nd Annual General Meeting of Shareholders held on 22 June 2018, the company transitioned to a holding company structure through an incorporation-type company split effective 1 October 2018 and changed its corporate name on the same date to “MITSUI MATSUSHIMA HOLDINGS CO.,LTD.”」
The transition to a holding company structure, transfer of the coal sales business through an incorporation-type company split and change of corporate name were implemented effective 1 October 2018. - FY2019-Q1AdvancedAnnual report
「At the 162nd Annual General Meeting of Shareholders held on 22 June 2018, the company submitted a proposal concerning partial amendments to the Articles of Incorporation, including changes to the corporate name and business purposes, and the proposal was approved at the meeting.」
Regarding the plan to transition to a holding company structure, the proposal to amend the Articles of Incorporation concerning the corporate name and business purposes was approved at the Annual General Meeting of Shareholders on 22 June 2018. The effective date of the transition was 1 October 2018, and the plan to transfer the coal sales business to a newly incorporated company was given concrete form. - FY2018First statedAnnual report
「At a meeting of the board of directors held on 11 May 2018, the company resolved to implement a company split, specifically an incorporation-type company split, to transition to a holding company structure effective 1 October 2018, change its corporate name on the same date to “MITSUI MATSUSHIMA HOLDINGS CO.,LTD.” and amend its business purposes to suit a holding company structure.」
The company first describes a plan under which, with 1 October 2018 as the effective date, the coal sales business would be transferred to a newly incorporated company and the company would transition to a holding company. The stated objectives are delegation of authority, clarification of responsibilities, improved management efficiency, optimal allocation of management resources and stronger governance.