Management of Subsidiaries by a Joint Holding Company
First written in FY2017-Q1. 6 of 10 entries say "Advanced", first in FY2017. Latest entry: FY2024.
13 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「At a meeting of the Company's Board of Directors held on 18 August 2022, the Company approved absorption-type company split agreements involving the Company, its consolidated subsidiaries 伊藤ハム株式会社 and 米久株式会社, and 4 other companies, and entered into the agreements on the same date (effective 1 April 2023).」
As a development of group management by the joint holding company, the annual report confirms that the Company entered into absorption-type company split agreements involving the Company and its major subsidiaries and other entities, and implemented the restructuring effective 1 April 2023. - FY2023AdvancedAnnual report
「Reorganization of sales and production functions by function, and integration of group systems」
Management of the Group by the joint holding company is progressing toward the functional reorganization of sales and production and the integration of group systems. - FY2023-Q3RestatedAnnual report
「The Company decided to implement a group-wide organizational restructuring, with the Company becoming an operating holding company, effective 1 April 2023.」
The Company continues to describe the decision to implement organizational restructuring involving the transition to an operating holding company as a further development of group management by the joint holding company. - FY2023-Q2AdvancedAnnual report
「The Company decided to implement a group-wide organizational restructuring, with the Company becoming an operating holding company, effective 1 April 2023.」
Regarding the framework for management of subsidiaries by the joint holding company, the Company states that it decided to implement a group-wide organizational restructuring with the Company becoming an operating holding company. - FY2022AdvancedAnnual report
「Integration and consolidation of the meat business's strategy and procurement functions under the Company」
Management of subsidiaries by the joint holding company has progressed into specific organizational and functional changes, including the integration and consolidation of the meat business's strategy and procurement functions under the holding company. - FY2018AdvancedAnnual report
「To strengthen the management framework of the Group, the Company will consolidate the executive officers of group companies under the Company. In addition, by holding joint meetings of the Group Management Committee and the boards of directors of the Company's group companies, 伊藤ハム株式会社 and 米久株式会社, the Company will establish a framework for efficient and prompt execution of duties.」
The Company specifies the management and execution framework for management of subsidiaries by the joint holding company, including the consolidation of group company executive officers and joint meetings of the boards of directors. - FY2017AdvancedAnnual report
「To ensure the proper conduct of operations at group companies, the Company will establish regulations governing the management of group companies. Group companies will manage their operations in accordance with these provisions through the Company's approval and reporting systems.」
In addition to the management services agreements with both subsidiaries, the Company specifies management methods involving regulations governing group company management, approval and reporting systems, and internal audits. - FY2017-Q3RestatedAnnual report
「For 伊藤ハム㈱, the arrangements include management, outsourced services, real estate leasing and concurrent service by officers. For 米久㈱, they include management, outsourced services and concurrent service by officers.」
The management and outsourced-services relationships between the joint holding company and both subsidiaries continue to be described. - FY2017-Q2RestatedAnnual report
「For 伊藤ハム㈱, the arrangements include management, outsourced services, real estate leasing and concurrent service by officers. For 米久㈱, they include management, outsourced services and concurrent service by officers.」
The management and outsourced-services relationships between the joint holding company and both subsidiaries continue to be described. - FY2017-Q1First statedAnnual report
「Effective 1 April 2016, the Company entered into separate management services agreements with 伊藤ハム株式会社 and 米久株式会社, both consolidated subsidiaries, concerning management services for those companies.」
The framework under which the holding company manages both subsidiaries, together with the related agreements, is described.