Cts (4345) · InitiativeAchieved
Enhancing independence and growth through the spin-off of the non-ICT business
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
2entries
1years
0from disclosures
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Strengthening independence and promoting growth through the separation of non-ICT businessesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2017AchievedAnnual report
「Effective 1 April 2017, the company transferred all of its House Equipment business and Environmental Conservation business by absorption-type company split to its wholly owned subsidiaries RentaRise Co., Ltd. and CTS Line Tech Co., Ltd.」
The absorption-type company split transferring the House Equipment business and Environmental Conservation business to subsidiaries was implemented on 1 April 2017, moving from the planning stage to completion. - FY2017-Q3First statedAnnual report
「The purpose of the company split is to enhance the independence of the House Equipment business and the Environmental Conservation business as separate businesses and pursue further growth beyond the construction ICT field.」
A new company split has been announced under which the House Equipment business and the Environmental Conservation business will each be transferred to a wholly owned subsidiary, enhancing their independence as separate businesses.