Improving business efficiency and productivity through the absorption-type merger of Taiho Gifu Co., Ltd.
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020-Q3.
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- FY2020-Q3Cited as achievedAnnual report
「Taiho Gifu Co., Ltd., formerly a consolidated subsidiary of the Company, manufactured and sold bearing products and die-cast products and provided packaging and shipping services for automotive parts. It was absorbed effective 1 April 2019, with the Company as the surviving entity, and was excluded from the scope of consolidation from the first quarter of the current consolidated fiscal year.」
The completion of the absorption-type merger of Taiho Gifu Co., Ltd. and its exclusion from the scope of consolidation from the first quarter are reconfirmed in the description of its business activities. - FY2020-Q1AchievedAnnual report
「Taiho Gifu Co., Ltd., formerly a consolidated subsidiary of the Company, was absorbed effective 1 April 2019, with the Company as the surviving entity, and was excluded from the scope of consolidation from the first quarter of the current consolidated fiscal year.」
The absorption-type merger of Taiho Gifu Co., Ltd. was completed effective 1 April 2019, and the company was excluded from the scope of consolidation from the current quarter. The purpose of the merger was to improve business efficiency and productivity by consolidating management resources. - FY2019First statedAnnual report
「The Company decided to absorb Taiho Gifu Co., Ltd., its wholly owned subsidiary, in order to improve business efficiency and productivity by consolidating management resources through the merger.」
The absorption-type merger was approved on 31 January 2019 and Taiho Gifu Co., Ltd. was absorbed effective 1 April 2019. This was the first appearance of a measure aimed at consolidating management resources and improving business efficiency and productivity through organizational integration with a wholly owned subsidiary.