Integration of investment and lending management functions into the overseas holding company
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2018.
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- FY2018AchievedAnnual report
「In accordance with the above, the company carried out the Company Split on 2 April 2018.」
The establishment of an intermediate holding company to strengthen investment and recovery management for domestic subsidiaries was carried out through a company split on 2 April 2018. - FY2018-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 December 2017, the company resolved to transfer, through a company split, the shares and other assets of certain wholly owned subsidiaries to a newly established company (hereinafter, the "Company Split"). The purpose is to strengthen investment and recovery management for domestic subsidiaries. Split date (effective date): 2 April 2018 (scheduled).」
To strengthen investment and recovery management for domestic subsidiaries, the Board of Directors resolved to establish an intermediate holding company through a company split, with 2 April 2018 scheduled as the effective date. - FY2017First statedAnnual report
「Overseas, the company plans to integrate the holding functions currently held by regional headquarters into PHN and progressively transfer the shares of overseas subsidiaries held by the company to PHN, thereby establishing an investment and financing platform that supports the business globally.」
The company presented a restructuring policy to integrate its overseas holding functions into Panasonic Holding Netherlands and consolidate investment and financing management and management support for overseas subsidiaries. In Japan, it also planned to establish an intermediate holding company during fiscal 2017.