Integration of the Wuhan offshore development structure
First written in FY2022-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「The absorption-type merger was completed on 9 June 2022.」
The annual report confirms that the absorption-type merger integrating the two Wuhan companies was completed on 9 June 2022. This reconfirms a milestone already disclosed through the third quarter; no new integration progress was reported. - FY2022-Q3RestatedAnnual report
「At the beginning of the cumulative third quarter of the fiscal year, all employees of 方株泰克(武漢)信息技術有限公司 were transferred to 方正株式(武漢)科技開発有限公司, integrating the development structure. On 9 June 2022, 方株泰克(武漢)信息技術有限公司 was absorbed by 方正株式(武漢)科技開発有限公司. In addition, on 28 September 2022, 方正株式(武漢)科技開発有限公司 changed its corporate name to 方株(武漢)科技有限公司.」
The previously reported employee transfer, development integration and 9 June absorption-type merger were reiterated. The 28 September corporate-name change was also disclosed, but no new progress in integrating the development structure was stated. - FY2022-Q2AdvancedAnnual report
「At the beginning of the cumulative second quarter of the fiscal year, all employees of 方株泰克(武漢)信息技術有限公司 were transferred to 方正株式(武漢)科技開発有限公司, integrating the development structure. On 9 June 2022, 方株泰克(武漢)信息技術有限公司 was absorbed by 方正株式(武漢)科技開発有限公司.」
The disclosure gives specific milestones: transfer of all employees, integration of the development structure, and the absorption-type merger between the subsidiaries on 9 June 2022. Operational efficiency gains and greater interaction among engineers were expected, but no measured results were provided.