Transition to a holding company structure scheduled for April 2022
First written in FY2021-Q3. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
Panasonic Holdings moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The operating companies are Panasonic Connect Group, Panasonic Electric Works Co., Ltd., Panasonic HVAC & CC Co., Ltd., Panasonic Energy Co., Ltd., Panasonic Industry Co., Ltd. and Panasonic Corporation. Each promotes the evolution and transformation of its business within its area of responsibility, practices autonomous management of development, manufacturing, sales, profits and funding, and leads the implementation of its growth strategy.」
Building on the holding company and operating company structure implemented in April 2022, the Group reorganized its operations from April 2026 around 6 operating companies, the PHD Executive Committee and the Group Transformation Round Table. - FY2022AchievedAnnual report
「In accordance with the above, we carried out the absorption-type company split on 1 April 2022.」
On 1 April 2022, we completed the transition to an operating company structure with Panasonic Holdings as the holding company by implementing absorption-type company splits involving 9 companies and changing their corporate names. - FY2022-Q2AdvancedAnnual report
「In October 2021, in preparation for the transition from fiscal 2022 to a new structure with Panasonic Corporation as the holding company, we abolished the current company system and launched a virtual new structure. Under the new structure, we will steadily implement our medium-term strategy while preparing for smooth business operations at the new operating companies from 1 April 2022.」
As preparation for the transition to a holding company structure, we abolished the current company system and launched a virtual new structure in October 2021. Preparations advanced for the start of operations at the new operating companies on 1 April 2022. - FY2022-Q1AdvancedAnnual report
「At a meeting of the board of directors held on 31 May 2021, we resolved to enter into absorption-type company split agreements, with 1 April 2022 (planned) as the effective date, between the Company and 8 wholly owned split-preparation companies and Panasonic System Solutions Japan Co., Ltd., also a wholly owned subsidiary of the Company, and entered into the agreements on the same date.」
In preparation for the transition to a holding company structure on 1 April 2022, we entered into 9 absorption-type company split agreements on 31 May 2021, with the 8 split-preparation companies and Panasonic System Solutions Japan as the successor companies. The division of responsibilities between the new operating companies, which would assume responsibility and authority, and the holding company, which would support growth and pursue group-wide optimization, advanced to the implementation stage. - FY2021AdvancedAnnual report
「In October 2021, in preparation for the transition to a holding company structure from fiscal 2022, we plan to abolish the current company system and reorganize it into a new structure. Under the new structure, we will steadily implement our medium-term strategy while preparing for smooth business operations at the new operating companies from 1 April 2022.」
The transition to a holding company structure advanced to the preparation stage, with the current company system scheduled to be abolished and reorganized into a new structure in October 2021, and the new operating companies scheduled to launch on 1 April 2022. Approval at the Annual General Meeting of Shareholders was also disclosed. - FY2021-Q3First statedAnnual report
「In November 2020, we decided to transition to a holding company structure in April 2022 (planned) to strengthen the competitiveness of our businesses from a more medium- to long-term perspective. While each operating company will work to substantially strengthen its competitiveness through rapid decision-making in response to changes in the external environment and flexible system design suited to its business characteristics, the holding company will focus on supporting the growth of each operating company and establishing growth areas from a group-wide optimization perspective, thereby working to enhance the Group's corporate value.」
We decided to transition to a holding company structure in April 2022 (planned) and set out the division of responsibilities under which the operating companies would focus on rapid decision-making and flexible system design, while the holding company would focus on growth support and group-wide optimization.