Faster decision-making, business synergies, and greater management efficiency

「To clarify and accelerate the decision-making process, the company transitioned to a structure in which the representative director is the final approving authority, based on the rules governing duties and authority. This is expected to eliminate duplication among committees while enabling faster management decisions, clearer lines of responsibility and company-wide optimization in decision-making.」

「The company newly established a Group Executive Committee comprising executive officers representing each business and corporate function and will significantly delegate authority to strengthen the board of directors' supervisory function and accelerate decision-making. The Group Executive Committee will also execute management decisions relating to business operations more swiftly and deepen business management.」

「We will pursue further growth by leveraging the collaboration and strengths of each company to generate group synergies.」

「We have already overhauled the management structure and consolidated sites in the Tokyo metropolitan area. By combining assets such as the various functions and customer bases of each business while leveraging their strengths, we aim to further enhance corporate value.」

「The company newly established an Executive Officers' Council comprising executive officers representing each business and will significantly delegate authority to strengthen the board of directors' supervisory function and accelerate decision-making. The Executive Officers' Council will also execute management decisions relating to business operations more swiftly and deepen business management.」

「Under these circumstances, our group invested in venture companies through its corporate venture capital activities to create new businesses with external partners while generating group synergies.」

「Against this backdrop, to further enhance business synergies, strengthen the business foundation to meet increasingly diverse customer needs and expand the business, our group conducted a tender offer for the shares of パルテック in May 2021 and made it a wholly owned subsidiary in September of the same year.」

「Through this, the company aims to expand its semiconductor business while benefiting from synergies with its electronic equipment and environmental energy businesses, as well as synergies from rationalization, efficiency gains and a stronger management base, thereby enhancing the group's corporate value.」

「The company will accelerate decision-making by transferring the authority of the board of directors to committees, operating companies and other bodies, and streamlining the board.」

「Beginning with the integration of the two companies' businesses (UKC's semiconductor and electronic components business with バイテック's device business, and UKC's electronic equipment business with バイテック's measuring instruments business), we integrated the holding company and administrative functions and consolidated domestic and overseas sites, completing the consolidation of all sites by the end of October 2019.」

「To realize synergies from the business integration at an early stage, the companies integrated their sites and thoroughly reviewed controllable costs.」

「The business integration was approved at the extraordinary general meetings of shareholders of both companies held on 27 November 2018.」

「More specifically, the two companies, which expect business synergies, agreed that their management integration would enable them to expand sales and profit and provide higher-value-added services to both customers and suppliers by further integrating and developing their respective strengths while preserving their individuality, rather than limiting the integration to mere efficiency gains. They also determined that they could pursue synergies in the environmental energy business by leveraging the management resources of both companies, and agreed to proceed with the management integration on an equal-footing basis.」

「By establishing a Group Management Meeting with enhanced management-meeting functions, the Company aims to rebuild a corporate culture that respects compliance awareness and constructive communication and discussion, and to make the decision-making process transparent for important matters, including new businesses, new transactions, responses to overdue receivables, and capital investment.」

「The Company decided to succeed to the semiconductor and electronic components businesses of ＵＫＣエレクトロニクス through an absorption-type company split and operate them in an integrated manner as an operating holding company, with the objectives of faster decision-making, the early realization of business synergies within the Group, and greater management efficiency.」