Nidec (6594) · InitiativeAchieved
Accelerating decision-making by making Nidec OKK a wholly owned subsidiary
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Integration of Machine Tool Business and Faster Decision-Making through Making Nidec OKK a Wholly Owned SubsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2023AchievedAnnual report
「Effective date of the share exchange: 1 March 2023」
The Company made Nidec OKK a wholly owned subsidiary on 1 March 2023, moving faster decision-making and the mutual use of management resources into the implementation phase. - FY2023-Q3First statedAnnual report
「At meetings of the respective boards of directors held on 12 December 2022, the Company and Nidec OKK resolved to conduct a share exchange under which the Company would become the wholly owning parent company and Nidec OKK the wholly owned subsidiary, and entered into a share exchange agreement on the same date. Effective date of the share exchange: 1 March 2023」
For Nidec OKK, in which the Company holds 66.61% through a third-party allotment, the Company plans to make it a wholly owned subsidiary through a share exchange effective 1 March 2023. The Company states that full ownership will enable joint operation of the machine tools business, mutual use of management resources and faster decision-making.