Full Transition to a Divisional Structure and Delegation of Authority
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2019.
25 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Amid these conditions, our group will further strengthen its quality assurance structure through a thorough review of all work processes, continue to implement structural reforms based on the business-division structure, and work to improve profitability at an early stage.」
The company outlined a policy of continuing structural reforms based on the business-division structure while strengthening quality assurance and seeking an early improvement in profitability. - FY2018-Q2RestatedAnnual report
「This is because domestic profit and loss management changed from being conducted by business site to being conducted by business division according to product type in order to strengthen the organization so that it can achieve profit management and appropriate production management for the products it handles, and impairment accounting groupings therefore need to be aligned with the units used for management.」
The structure for managing domestic profit and loss by business division according to product type, together with the corresponding units for management and impairment accounting, remains in place. - FY2018-Q1AdvancedAnnual report
「This is because domestic profit and loss management changed from being conducted by business site to being conducted by business division according to product type, and impairment accounting groupings therefore need to be aligned with the units used for management.」
The change in domestic profit and loss management from business-site units to business-division units based on product type is also reflected in the accounting units for asset management. - FY2017First statedAnnual report
「As the final stage of the transition to a business-division structure, which we have been advancing since the year before last, we will delegate authority to each business division and accelerate decision-making by clarifying responsibility for results.」
The company positioned the transition to a business-division structure as being in its final stage and outlined plans to delegate authority, clarify responsibility for results and accelerate decision-making.