Strengthening the Product Business through the Spin-off of the Electrical and Mechanical Systems Business
First written in FY2019-Q3. 2 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3AdvancedAnnual report
「For the purpose of restructuring the IT Products Business, on 27 October 2023 we decided to transfer, through an absorption-type company split, our IT Products Business division, which has been responsible for business development, research and development, and production relating to data infrastructure in Japan, to the newly established Hitachi Vantara, Ltd. (the “Absorption-Type Company Split”). On 26 January 2024, we entered into an absorption-type company split agreement relating to the Absorption-Type Company Split with Hitachi Vantara, Ltd.」
As part of the enhancement and restructuring of the product business, we entered into an absorption-type company split agreement to transfer the IT Products Business division to the newly established Hitachi Vantara, Ltd. The effective date is 1 April 2024, and the assets and liabilities to be transferred are expected to be ¥93.5 billion and ¥49.6 billion, respectively. - FY2020-Q1AchievedAnnual report
「Hitachi Industrial Products, Ltd. is the company that received our Electrical Systems Business and Mechanical Systems Business through an absorption-type company split effective 1 April 2019.」
The Electrical Systems Business and Mechanical Systems Business were transferred to the newly established company effective 1 April 2019, completing the spin-off intended to enhance the product business. - FY2019AdvancedAnnual report
「The effective date of the Absorption-Type Company Split is 1 April 2019. The assets and liabilities to be transferred are ¥52.6 billion and ¥36.5 billion, respectively.」
We entered into an absorption-type company split agreement to transfer the Electrical Systems Business and Mechanical Systems Business to the newly established company, specifying the effective date of 1 April 2019 and the assets, liabilities and other items to be transferred. - FY2019-Q3First statedAnnual report
「For the purpose of enhancing the product business, on 25 October 2018 we decided to transfer our Electrical Systems Business and Mechanical Systems Business through an absorption-type company split to the newly established Hitachi Industrial Products, Ltd. (the “Absorption-Type Company Split”). On 6 February 2019, we entered into an absorption-type company split agreement relating to the Absorption-Type Company Split with Hitachi Industrial Products, Ltd.」
With 1 April 2019 as the effective date, the Electrical Systems Business and Mechanical Systems Business will be transferred to the newly established company. The disclosed figures are ¥68.5 billion in assets to be transferred, ¥37 billion in liabilities, ¥10 billion in capital for the new company and 199,200 shares to be allocated.