Separation of management oversight and business execution through the transition to a holding company structure
First written in FY2020. 1 of 3 entries say "Achieved", first in FY2021-Q2. Latest entry: FY2021-Q3.
1 other company's latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「On 1 April 2021, the Company carried out an organizational restructuring of the Group through the transition to a holding company structure, separating management oversight from business execution and strengthening the Group's management structure by establishing functions specializing in each area. This will further optimize the allocation of management resources across the Group by the holding company and further accelerate management by clarifying authority and responsibility at each operating company.」
The transition to a holding company structure completed on 1 April 2021, together with the subsequent optimal allocation of management resources and clarification of authority and responsibility, is being reconfirmed. - FY2021-Q2AchievedAnnual report
「Accordingly, the Company transitioned to a holding company structure on 1 April 2021.」
The previously planned company split was carried out, completing the transition on 1 April 2021 to a holding company structure that separates management oversight from business execution. - FY2020First statedAnnual report
「To accelerate further growth, expand the Group's business domains and maximize corporate value, we believe it is necessary to strengthen the Group's management structure through organizational restructuring that separates management oversight from business execution, establishes structures specializing in each function, clarifies authority and responsibility, and further accelerates management. We therefore intend to transition to a holding company structure that enables flexible and agile decision-making and the optimal allocation of management resources.」
The Company decided to transition to a holding company structure through a company split scheduled for 1 April 2021, with the business execution function to be transferred to a wholly owned subsidiary. The objectives are to separate management oversight from business execution, clarify authority and responsibility, and accelerate decision-making.