Fundamental rationalization and business transformation through the mobilization of management resources
First written in FY2016. 2 of 6 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018Cited as achievedAnnual report
「Management integration between JX Holdings, Inc. and TonenGeneral Sekiyu K.K.」
The management integration through the share exchange and absorption-type merger on 1 April 2017 has been confirmed in the annual report as an actual business combination result. - FY2018-Q2Cited as achievedAnnual report
「Following approval at the extraordinary general meetings of shareholders of both companies held on 21 December 2016 and receipt of the approvals and licences from the relevant authorities required for the management integration, JX Holdings, Inc. and TonenGeneral Sekiyu K.K. implemented a share exchange effective 1 April 2017, under which JX Holdings became the wholly owning parent company in the share exchange and TonenGeneral became the wholly owned subsidiary.」
The implementation of the management integration on 1 April 2017 has been confirmed as an actual result in the business combination note. - FY2017AchievedAnnual report
「To fully integrate the energy businesses of the two groups effective 1 April 2017」
The share exchange, absorption-type merger and related absorption-type company split involving TonenGeneral Sekiyu were implemented on 1 April 2017, completing the management integration. - FY2017-Q3AdvancedAnnual report
「On 21 December 2016, the Company held an extraordinary general meeting of shareholders and obtained shareholder approval for the matters required for the management integration.」
In preparation for the management integration on 1 April 2017, the Company advanced to the stage of obtaining approval for the required matters at an extraordinary general meeting of shareholders, following the signing of the integration agreement in August. - FY2017-Q2AdvancedAnnual report
「The Company and TonenGeneral Sekiyu K.K. (hereinafter, “TonenGeneral”) reached an agreement to fully integrate the energy businesses of the two groups effective 1 April 2017 (hereinafter, the “management integration”), and signed a management integration agreement (hereinafter, the “Management Integration Agreement”) effective 31 August of that year.」
The Management Integration Agreement, targeted for August 2016, was signed on 31 August, and the share exchange agreement and absorption-type merger agreement were also signed on the same date. The integration was scheduled to take effect on 1 April 2017. - FY2016First statedAnnual report
「Through this management integration, the Company will vigorously pursue radical rationalisation and efficiency improvements that could not have been achieved independently, and accomplish thorough business transformation」
The target for signing the management integration agreement was August 2016, with safe operations and stable supply, overseas expansion and the development of new businesses identified as post-integration initiatives.