Cost reductions and stronger collaboration through consolidation of group headquarters
First written in FY2022. 1 of 4 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q3.
7 other companies' latest entry also says "Achieved".
- FY2023-Q3AchievedAnnual report
「The head office relocation was completed in December 2022.」
The relocation of our Group's head office was completed in December 2022, bringing the previously disclosed headquarters consolidation plan to the completion stage. - FY2023-Q2Expenses recognized in connection with the head office relocationAnnual report
「As a result of this change in estimate, operating income, ordinary income and quarterly net income before income taxes decreased by ¥46.083 million each during the six months ended 30 September of the current fiscal year compared with the previous method.」
In connection with the head office relocation, we shortened the useful lives of fixed assets not expected to be used after the relocation and changed the estimate for asset retirement obligations related to restoration costs, reducing profit by ¥46.083 million. - FY2023-Q1AdvancedAnnual report
「At a meeting of the board of directors held on 30 May 2022, we resolved to submit a proposal for a partial amendment to the Articles of Incorporation to the 66th Annual General Meeting of Shareholders scheduled for 24 June 2022, and to relocate the head office subject to approval of the amendment at that meeting. The proposal was submitted and approved at the annual general meeting.」
Regarding the head office relocation associated with the Group headquarters consolidation plan, the board of directors approved the move on 30 May 2022 and shareholder approval was obtained on 24 June. The estimated useful lives of fixed assets not expected to be used after the relocation were also shortened. - FY2022First statedAnnual report
「During the fiscal year ending March 2023, we also sought to maximize Group-wide net sales and profit by consolidating the headquarters of our company and Group companies, reducing costs, improving management efficiency, promoting collaboration among Group companies and advancing flexible working arrangements.」
For the first time, we explicitly announced a plan to consolidate the headquarters of our company and Group companies during the fiscal year ending March 2023, with the aim of maximizing net sales and profit through cost reductions, improved management efficiency, collaboration and flexible working arrangements.