Organizational rationalization through the transfer of the GLOZE business to グローヴァ by company split
First written in FY2019-Q2. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
22 other companies' latest entry also says "Achieved".
- FY2019-Q3AchievedAnnual report
「Our group carried out a company split transferring the GLOZE business division to グローヴァ. Accordingly, from the current third quarter of the consolidated fiscal year, the former GLOZE, translation and interpreting, and corporate training businesses were integrated into the HT business, resulting in 3 reportable segments: the MT business, HT business and crowdsourcing business.」
The absorption-type company split transferring the GLOZE business division to グローヴァ was carried out on 1 November 2018, and the reportable segments were changed by integrating several former businesses into the HT business. The company split was carried out for organizational streamlining. - FY2019-Q2First statedAnnual report
「Based on an absorption-type company split agreement approved at a meeting of the Board of Directors held on 14 September 2018, we will carry out a company split, effective 1 November 2018, under which our GLOZE business division will be transferred to グローヴァ, a wholly owned subsidiary of the company. This company split is referred to below as the “Company Split.”」
The company decided to transfer the GLOZE business to its wholly owned subsidiary グローヴァ through an absorption-type company split. The purpose was organizational streamlining, as improvements in MT accuracy had reduced the significance of distinguishing the GLOZE business from グローヴァ’s translation business.