Komori
Air Water (4088) · InitiativeAdvanced

Affiliated-company consolidation to restructure 250 group companies to approximately 60% of their current number

First written in FY2018. 12 of 15 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-07-31.

15entries
9years
7from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018AdvancedFY2022-Q1 – FY2023-Q1AdvancedFY2023 – 2026-05-292018: 120182019: 020192020: 020202021: 120212022: 220222023: 120232024: 120242025: 020252026: 92026
Same theme, other companies
Optimization of Business Operations through Business Segment and Subsidiary RestructuringA theme 71 companies write about · 0 as a headwind · 58 as a tailwind

The whole theme swung hardest in 2025: 8 of 37 companies on the "Worse" side.

20 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 71 companies compared. The sentences above are computed from all 71.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「In addition to business considerations, we will optimize and restructure group companies from the perspective of governance across the group. We place the highest priority on ensuring that all group companies adhere to group governance standards equivalent to those of listed companies, and as one measure to achieve this, we will advance the integration of companies with similar business characteristics. Meanwhile, for companies that do not align with our core competencies and for which we decide to withdraw from the business, we will promote business transfers to the best owners through appropriate processes, with completion targeted during FY2028.」

    For the reorganization of group companies, the company combined evaluations by the Portfolio Management Committee with the integration of companies in the same business and the transfer of non-core businesses, setting a target for completion during fiscal 2028.
  2. FY2026-H1AdvancedAnnual report

    「4. Subsidiary operations and business portfolio review Establishment of a Portfolio Management Committee, consolidation and integration of unprofitable businesses, optimization and restructuring of the number of group companies」

    Regarding the reorganization of group companies, the company has translated preventive measures into concrete actions, including establishing a portfolio management committee, consolidating and restructuring unprofitable businesses, and optimizing the number of group companies, in addition to the conventional integration and reorganization efforts.
  3. FY2024-Q3AdvancedAnnual report

    「In its existing domestic businesses, the company continued to integrate and reorganize group companies and promoted the formation of core companies capable of achieving autonomous growth within each business unit.」

    The company continues to integrate and reorganize group companies, forming core companies responsible for autonomous growth in each business unit.
  4. FY2023AdvancedAnnual report

    「The Group has shifted to a group management structure integrating the company's own organisation with its group of subsidiaries.」

    Regarding the reorganization of affiliated companies, the company is using a management structure that integrates the head-office organization and the group of subsidiaries as the operating foundation for the full fiscal year, in addition to integrating individual companies.
  5. FY2023-Q2RestatedAnnual report

    「Based on this basic policy and management strategy, the group established an integrated management structure combining the company's head-office organization and group companies to maximize synergies created from its management resources—“diverse businesses, human resources, and technologies.” It worked to expand growth areas, including industrial gases in India and North America and electronics-related fields, strengthen the earnings power of existing businesses centered on wellness, and develop new businesses, including decarbonization-related operations.」

    On the premise of an integrated management structure including the integration and reorganization of Group companies, the Company continues to create synergies among its diverse businesses, human resources, and technologies.
  6. FY2023-Q1AdvancedAnnual report

    「In April this year, as a foundation for realising its long-term vision, the company implemented a large-scale organisational reform and transitioned to a management structure in which the company's head office organisation and group companies operate as one, with the aim of creating synergies by integrating and optimising the group's management resources: its diverse businesses, people and technologies.」

    Regarding the integration and reorganization of group companies, the company transitioned to a management structure integrating the head office organization and the group of companies, rather than limiting the effort to reorganizing individual companies.
  7. FY2022-Q1AdvancedAnnual report

    「Taking advantage of the COVID-19 pandemic to build a business foundation for further corporate growth, the company integrated and reorganized group companies and reformed the organization of its manufacturing and technology divisions from a group-wide perspective. It also worked to improve operational efficiency, including by promoting digital innovation and work-style reform.」

    In connection with the theme of reorganizing 250 group companies, the company states that it has integrated and reorganized group companies. However, this filing does not state the number of companies representing progress toward the plan to reduce the total to approximately 60% of 250.
  8. FY2018First statedAnnual report

    「The group has grown into a major organization comprising the company and 250 group companies. To further strengthen governability and achieve optimal management and operation of its unique conglomerate, it has begun reorganizing the current 250 group companies to approximately 60% of that number, with plans to integrate and reorganize affiliated companies based on functions, businesses and geographical areas.」

    The company has disclosed for the first time a plan to consolidate and reorganize its Group companies based on function, business and geographic area, reducing the number from 250 to approximately 60% of that level.
Moved together

"Strengthening Safety Management, Stable Operations and Group Management Systems" moved the same way as this thread, in the same document, in 9 of its 15 moves.

997664★123456
  1. ★This thread
  2. 1Strengthening Safety Management, Stable Operations and Group Management Systems9×
  3. 2Swift Decision-Making and Oversight by Outside Officers9×
  4. 3Compliance Center, Internal Whistleblowing and Antitrust Law Training7×
  5. 4A comprehensive healthcare model covering everything from advanced medical care to everyday healthcare6×
  6. 5Developing High-Value-Added Products and Markets to Capture Demand for 5G, IoT and Data Centers6×
  7. 6Strengthening the supply chain from cultivation through sourcing, processing and sales4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Air Water yet. It last moved in the Governance of 2026-07-31: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.