Absorption-Type Merger of 3 Domestic Manufacturing Subsidiaries
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
2 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「In addition, NTN Kongo Manufacturing Co., Ltd., NTN Mikumo Manufacturing Co., Ltd., and NTN Precision Plastics Co., Ltd., which had been consolidated subsidiaries, ceased to exist on 1 October 2018 as a result of a merger by absorption in which the Company was the surviving entity.」
The planned merger by absorption of 3 domestic manufacturing subsidiaries was completed on 1 October 2018, and the Company carried out the realignment to improve management efficiency, make effective use of management resources, and accelerate decision-making. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 23 March 2018, the Company resolved to merge by absorption NTN Kongo Manufacturing Co., Ltd., NTN Mikumo Manufacturing Co., Ltd., and NTN Precision Plastics Co., Ltd., its 3 consolidated subsidiaries wholly owned by the Company, with the Company as the surviving entity (hereinafter, the “consolidated subsidiaries concerned”).」
The Company presented a plan to merge by absorption its 3 wholly owned manufacturing subsidiaries, scheduled for 1 October 2018, in order to improve management efficiency, make effective use of management resources, and accelerate decision-making.