Separating management and execution functions through the transition to a holding company structure
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024ReframedAnnual report
「In connection with this share transfer, the China group overseen by the Hong Kong subsidiary (the Hong Kong subsidiary, Shanghai Gokurakuyu Enterprise Management Group Co., Ltd., Gokurakuyu (Shanghai) Bathing Co., Ltd., Gokurakuyu (Shanghai) Bathing Management Co., Ltd., Gokurakuyu (Wuhan) Bathing Co., Ltd., Gokurakuyu China Spa & Hotels Limited, Gokurakuyu (Shanghai) Architectural Design Consulting Co., Ltd., Gokurakuyu (Suzhou) Hotel Management Co., Ltd., Jilin Gokurakuyu Hotel Management Co., Ltd., and Hatago (Shanghai) Hotel Management Co., Ltd.) has been excluded from the scope of consolidation. As a result, the number of consolidated subsidiaries decreased from 13 to 2.」
The entities subject to management under the holding company structure were significantly reduced from 13, including the China group, to 2 consolidated domestic subsidiaries. - FY2023AchievedAnnual report
「Gokurakuyu Co., Ltd. absorbed and merged Gokurakuyu Higashinihon LLC effective 1 April 2023.」
As part of the restructuring of group management under a holding company structure, the merger of 2 wholly owned domestic subsidiaries has moved from the planned stage to completion. - FY2023-Q3AdvancedAnnual report
「The merger of 2 wholly owned domestic subsidiaries is scheduled for 1 April 2023, with the aim of improving operating efficiency and reducing administrative costs.」
Regarding the restructuring of group management and control under a holding company structure, the company has developed concrete plans to merge 2 wholly owned domestic subsidiaries effective 1 April 2023, with the aim of improving operating efficiency and reducing management costs. - FY2023-Q2RestatedAnnual report
「The company is continuing to consider rebuilding Group management and control under the holding company structure, reducing administrative costs and reviewing its financial strategy. The details will be announced promptly once decided.」
The company continues to consider rebuilding the holding company structure, reducing administrative costs and reviewing its financial strategy, but the details of the decision have not yet been announced. - FY2022ReframedAnnual report
「The company will consider rebuilding Group management and control under the holding company structure and work to reduce administrative costs and review its financial strategy.」
The company describes the holding company's role as a restructuring that includes reducing administrative costs and reviewing the financial strategy, in addition to the existing functions of formulating Group strategies and managing subsidiaries. - FY2018RestatedAnnual report
「As a holding company, the company formulates Group management strategies and manages and provides guidance to its subsidiaries.」
The company continues to formulate Group strategies and manage and provide guidance to subsidiaries in its role as a holding company. - FY2018-Q1RestatedAnnual report
「The Group advanced organizational reforms associated with its transition to a holding company structure in January this year, while also conducting active promotional events at directly operated stores and proceeding with preparations to open a new Nagoya store and considering new businesses.」
The company states that it continues to advance organizational reforms associated with the transition to a holding company structure in January 2017. - FY2017RestatedAnnual report
「By transitioning to a holding company structure, the company will clearly separate management and execution functions. Under the strengthened structure, the holding company will make decisions on formulating Group management strategies and optimizing the allocation of management resources, while operating subsidiaries will further enhance competitiveness and efficiency through swift execution based on those strategies, with the aim of increasing Group corporate value.」
The company also confirmed in its annual report the purpose and effects of the transition to a holding company structure implemented on 1 January 2017. - FY2017-Q3AchievedAnnual report
「Finally, effective 1 January 2017, the company changed its corporate name to GOKURAKUYU HOLDINGS CO.,LTD. and transitioned to a holding company structure by carrying out a company split under which its domestic hot-spring bathing business was transferred to the newly established company GOKURAKUYU.」
The planned company split, corporate name change and transition to a holding company structure were implemented effective 1 January 2017. - FY2016First statedAnnual report
「By transitioning to a holding company structure, the company will clearly separate management and execution functions. Under the strengthened structure, the holding company will make decisions on formulating Group management strategies and optimizing the allocation of management resources, while operating subsidiaries will further enhance competitiveness and efficiency through swift execution based on those strategies, with the aim of increasing Group corporate value.」
The company planned to transition to a holding company structure through a company split, with 1 January 2017 as the effective date.