Separating strategic and business functions through the transition to a holding company structure
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018-Q2.
No other company in this theme has enough history to compare yet.
- FY2018-Q2AchievedAnnual report
「To transition to a holding company structure, the Company transferred its women's apparel and general merchandise store retail businesses and FC business to the split preparation company through an absorption-type company split, with 21 August 2017 as the effective date.」
The absorption-type company split was implemented with 21 August 2017 as the effective date, and the store retail and FC businesses were transferred to the split preparation company. The transition to a holding company structure progressed from the planning stage to implementation. - FY2018-Q1AdvancedAnnual report
「As of 21 August 2017, the scheduled effective date, the Company planned to change its corporate name to "PALEMO HOLDINGS CO.,LTD." and the split preparation company planned to change its corporate name to "Palemo Co., Ltd." PALEMO HOLDINGS CO.,LTD. was scheduled to maintain its listing as the holding company responsible for managing the Group's companies. The partial amendments to the Articles of Incorporation, including the company split and corporate name changes, were approved at the Company's Annual General Meeting of Shareholders held on 18 May 2017.」
The transition to a holding company structure, the corporate name changes and the amendments to the Articles of Incorporation were approved at the Annual General Meeting of Shareholders, and specific procedures progressed toward the effective date of 21 August 2017. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 31 March 2017, the Company resolved to transition to a holding company structure by transferring its business through an absorption-type company split to Palemo Split Preparation Company, a wholly owned subsidiary, in order to respond rapidly to changes in the operating environment, allocate management resources optimally and manage the business efficiently. Following approval at the 32nd Annual General Meeting of Shareholders held on 18 May 2017, the effective date of the transaction was scheduled for 21 August 2017.」
The Company resolved to transition to a holding company structure through an absorption-type company split in order to respond rapidly to changes in the operating environment and allocate management resources optimally. The effective date was scheduled for 21 August 2017.