Specialization Through Corporate Demergers into Business-Specific Subsidiaries
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AchievedAnnual report
「The outline of the company splits is as follows, and they became effective on 1 April 2020. An absorption-type company split was conducted with ゲオ as the splitting company and 株式会社ゲオ本部 and 株式会社ゲオウェアハウス as the successor companies. On the same date, another absorption-type company split was conducted with 株式会社ゲオ本部 as the splitting company and 株式会社ゲオストア and 株式会社セカンドストリート as the successor companies.」
The company split separating the media, reuse and amusement businesses into specialized companies became effective on 1 April 2020, moving from the planning stage to completion of implementation. - FY2020-Q3First statedAnnual report
「We have decided to split the businesses into separate companies so that each business can specialize in its area of expertise, enhance its functions and further increase the corporate value of the Group as a whole. Effective date of the absorption-type company split 1 April 2020 (scheduled)」
The Company first explicitly stated a plan to divide ゲオ's businesses into store operations support and wholesale, media stores, general reuse stores, and amusement facilities, and transfer them through company splits to 4 successor companies.