Dainichiseika Color & Chemicals Mfg. (4116) · InitiativeAchieved
Establishment of 大日精化保険サービス and the absorption-type company split and merger of ディー・エス・エフ
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
2entries
1years
0from disclosures
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Operational rationalization through the transfer of the insurance agency business to a new company and the absorption-type merger of the former subsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2024AchievedAnnual report
「The Group carried out an internal organizational restructuring effective 1 April 2024.」
Effective 1 April 2024, the Company completed the organizational restructuring intended to rationalize operations, reduce expenses and improve capital efficiency, involving the absorption-type demerger of the insurance agency business into 大日精化保険サービス and the absorption-type merger of D.S.F. by the Company. - FY2024-Q3First statedAnnual report
「As part of a review of the management structure aimed at rationalizing operations, reducing expenses and improving capital efficiency within our Group, we decided to transfer D.S.F.'s non-life insurance agency business and other insurance intermediary agency businesses to the newly established 大日精化保険サービス株式会社 through a simplified absorption-type demerger, and, conditional on the effectiveness of this demerger, to absorb D.S.F. through a short-form, simplified absorption-type merger.」
On 17 January 2024, the Company established 大日精化保険サービス株式会社 with capital of ¥10 million and 10,000 issued shares, wholly funded by the Company. It disclosed an organizational restructuring intended to rationalize operations, reduce expenses and improve capital efficiency, involving the absorption-type demerger of D.S.F.'s insurance agency business into the new company, scheduled for 1 April 2024, followed by the absorption-type merger of D.S.F. by the Company.