Establishing a Platform for Business Development Through the Transition to a Holding Company Structure
First written in FY2020-Q2. 2 of 5 entries say "Achieved", first in FY2020-Q2. Latest entry: FY2022-Q2.
No other company in this theme has enough history to compare yet.
- FY2022-Q2AchievedAnnual report
「During the first six months of the current consolidated fiscal year, Sumikawa Komuten Co., Ltd., formerly a consolidated subsidiary, disappeared through an absorption-type merger in which A.D. Design Build Co., Ltd., also a consolidated subsidiary, was the surviving company, and was therefore excluded from the scope of consolidation. On the same date, A.D. Design Build Co., Ltd. changed its corporate name to Sumikawa ADD Co., Ltd.」
An absorption-type merger between subsidiaries took place on 1 April 2022. Sumikawa Komuten disappeared, and the surviving company changed its corporate name to Sumikawa ADD. - FY2022-Q1AdvancedAnnual report
「The purpose is to promote the effective use of human resources and management resources within our group, improve management efficiency and enhance corporate value.」
A.D. Design Build Co., Ltd. and Sumikawa Komuten Co., Ltd., both wholly owned subsidiaries, were merged by absorption with 1 April 2022 as the business combination date, and integrated into Sumikawa ADD Co., Ltd. - FY2021-Q1AdvancedAnnual report
「For the purpose of streamlining group management, all shares in the following subsidiaries held by ADW will be distributed in kind to ADWG.」
The company resolved to distribute all shares in 4 domestic subsidiaries held by ADW to ADWG in kind, with the group reorganization taking effect on 1 April 2021. This represents concrete progress in using the holding company structure to streamline group management. - FY2020.Annual report
「Our group transitioned to a holding company structure in April 2020.」
The group continues to explain that it has transitioned to a holding company structure and intends to use M&A, alliances, delegated authority and personnel systems under that structure. - FY2020-Q2.Annual report
「The Company was established on 1 April 2020 through a sole-share transfer as the wholly owning parent company of A.D.Works Co., Ltd.」
A holding company was established through a sole-share transfer on 1 April 2020. The document cites delegated authority, faster decision-making, introduction of a personnel strategy, and optimization of risk-taking and risk hedging as benefits of the transition.