Komori
Japan Material (6055) · InitiativeAchieved

Strengthening Group Collaboration and Management Structure by Making the 2 Aldon Companies Wholly Owned Subsidiaries

First written in FY2017-Q3. 1 of 1 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2017-Q3.

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Improving Management Efficiency through Wholly Owned Subsidiary Conversion and Intra-Group RestructuringA theme 10 companies write about · 0 as a headwind · 10 as a tailwind

5 other companies' latest entry also says "Achieved".

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  1. FY2017-Q3AchievedAnnual report

    「The Company acquired additional shares in Aldon Technologies Services Pte Ltd and ADCT Technologies Pte Ltd, in which it held 51%, and made both companies wholly owned subsidiaries (collectively, the "Aldon companies"). ...... On 12 December 2016, the Company acquired additional shares in its consolidated subsidiaries Aldon Technologies Services Pte Ltd and ADCT Technologies Pte Ltd and made both companies wholly owned subsidiaries. ...... To respond promptly and appropriately to changes in the business environment surrounding the Group, the Company decided to make both companies wholly owned subsidiaries in order to further strengthen coordination within the Group and its management structure.」

    The Company acquired additional shares in the 2 Aldon companies, in which it had held 51%, on 12 December 2016 and made them wholly owned subsidiaries. The Company cited stronger coordination within the Group and further strengthening of its management structure as the objectives.
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