Improving operating efficiency and reducing expenses by consolidating head-office functions
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2023.
3 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「The building and land of the WING Building were sold during the current consolidated fiscal year.」
Following the downsizing and relocation of the head office, the sale of the former head office, the WING Building, was also completed, bringing the measures to consolidate head-office functions and improve capital efficiency to the end of the implementation stage. - FY2023-Q2AdvancedAnnual report
「The Company and certain Group companies have been progressively relocating their registered offices from the current WING Building in Koto-ku, Tokyo, to Sumitomo Fudosan Osaki Garden Tower in Shinagawa-ku, Tokyo, since August 2022.」
The head-office relocation advanced from the contract-signing stage in the previous quarter to the implementation stage, with the relocation taking place in August 2022. The WING Building was classified as held for sale, with reductions in head-office operating costs and improved capital efficiency expected. - FY2023-Q1AdvancedAnnual report
「The Company decided to relocate its head office from the WING Building in Koto-ku, Tokyo, to Sumitomo Fudosan Osaki Garden Tower in Shinagawa-ku, Tokyo, and to sell the building and land of the WING Building. During the first quarter of the current consolidated fiscal year, it entered into a lease agreement for Sumitomo Fudosan Osaki Garden Tower and a sale agreement for the WING Building.」
The head-office relocation advanced to the implementation stage, with a lease agreement and a sale agreement for the former head office concluded, toward the August 2022 relocation, lower head-office operating costs and improved capital efficiency. - FY2022AdvancedAnnual report
「The Company and certain Group companies planned to relocate their registered offices from the current WING Building in Koto-ku, Tokyo, to Sumitomo Fudosan Osaki Garden Tower in Shinagawa-ku, Tokyo, beginning in August 2022. The relocation was aligned with LIXIL Corporation's workplace transformation initiative and aimed to create a smaller office environment customized to connect people and foster communication.」
The consolidation and streamlining of head-office functions advanced to a specific plan involving relocation in August 2022, a smaller new head office and an office environment focused on communication. - FY2019First statedAnnual report
「The Company planned to renovate existing sections of the head office building and construct a new section for the purpose of improving operating efficiency and reducing expenses by consolidating head-office functions.」
The plan to consolidate head-office functions called for total investment of ¥16.54 billion, commencement in September 2016 and completion in January 2020.