Ube (4208) · InitiativeAdvanced
Change of company name to UBE Corporation and Group reorganization centered on the Chemicals business
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q1.
2entries
2years
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Corporate Name Change to UBE Corporation and Reorganisation Centred on the Chemicals BusinessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2023-Q1AdvancedAnnual report
「Effective 1 April 2022, the Company transferred its cement business and related businesses to UBE Mitsubishi Cement Corporation, an equity-method affiliate, through an absorption-type company split.」
The transfer of the cement business and other operations was carried out on 1 April 2022, and the current filing company name is now shown as Ube Industries, Ltd. (currently UBE Corporation). The restructuring from a diversified business company into a group centered on the chemicals business progressed in concrete terms. - FY2021First statedAnnual report
「The Company has decided to change its corporate name to UBE Corporation (Japanese: ゆーびーいーかぶしきがいしゃ; English name: UBE Corporation) effective 1 April 2022.」
In light of the spin-off of the machinery business and the planned integration of the cement business and other operations in April 2022, the Company first explicitly stated its transformation from a diversified business company into a global company centered on the chemicals business, together with the change of corporate name.