Transition to a Holding Company Structure
First written in FY2019. 1 of 2 entries say "Softened", first in FY2020. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020SoftenedAnnual report
「As it became clear that preparations for the transition to a holding company structure would take longer than initially expected due to the impact of COVID-19, we determined that postponing the effective date was unavoidable and decided to postpone the transition. We will provide further notice of the future schedule once it has been finalized.」
The planned transition by 21 March 2021 was postponed, and the future schedule became undecided. - FY2019First statedAnnual report
「Subject to approval at the annual general meeting of shareholders scheduled for June 2020 and, where necessary, obtaining authorization from the relevant government agencies, the company plans to transition to a holding company structure by 21 March 2021, after the required period has elapsed.」
The company began preparing to transition to a structure in which the holding company would oversee Group strategy, management decisions and supervision while granting discretion to each operating company, with the aim of accelerating decision-making for each business and expanding its business areas.