Separation from the NEC Group IT system and development of an independent IT system
First written in FY2020-Q1. 4 of 6 entries say "Restated". Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1AchievedAnnual report
「We proceeded to strengthen our management platform, including completing the separation from the IT systems of NEC Corporation, which we had previously used, and building our own proprietary IT systems.」
It was explained that separation from the NEC Corporation Group's IT systems had been completed and that proprietary IT systems had been constructed. The plan had progressed from the separation stage to completion. - FY2022RestatedAnnual report
「The initial term of the Memorandum of Understanding Concerning the Continuation of Transactions was, in principle, from the date of execution through 31 July 2025, after which it is automatically renewed every 3 years. In principle, the term of the Memorandum of Understanding Concerning Ongoing Collaboration is from the date of execution through 31 July 2025.」
The Company maintained the memorandum on ongoing cooperation, including separation from the NEC Corporation Group's IT systems and construction of proprietary IT systems, and reconfirmed that its term would remain effective through 31 July 2025. - FY2020RestatedAnnual report
「In connection with ceasing to be a consolidated subsidiary of NEC Corporation, the Company entered into two memoranda with NEC Corporation on 31 July 2019: a memorandum on continuing transactions, aimed at maintaining the partnership between the Company and the NEC Corporation Group, and a memorandum on ongoing cooperation, aimed at continuing cooperation between the two companies regarding IT systems, personnel exchanges and other matters.」
The Company reconfirmed its policy of ongoing cooperation under the memoranda regarding separation from the NEC Corporation Group's IT systems, construction of proprietary IT systems, personnel exchanges and other matters. - FY2020-Q3RestatedAnnual report
「Under the memorandum on ongoing cooperation, the parties agreed on the procedures required to separate the Company's IT systems from the NEC Corporation Group's IT systems and construct proprietary IT systems, to continue personnel exchanges at the same level as before the memorandum was executed, and to allow continued participation in the NEC Corporation Group's defined contribution pension plan, health insurance society and other programs until one year after the Company ceased to be a consolidated subsidiary of NEC Corporation.」
The parties reconfirmed their agreement under the memorandum on separation from the NEC Corporation Group's IT systems, construction of proprietary IT systems, continuation of personnel exchanges, and continued participation in employee benefit programs for one year after independence. - FY2020-Q2RestatedAnnual report
「Under the memorandum on ongoing cooperation, the parties agreed on the procedures required to separate the Company's IT systems from the NEC Corporation Group's IT systems and construct proprietary IT systems, to continue personnel exchanges at the same level as before the memorandum was executed, and to allow continued participation in the NEC Corporation Group's defined contribution pension plan, health insurance society and other programs until one year after the Company ceased to be a consolidated subsidiary of NEC Corporation.」
The parties reconfirmed their agreement under the memorandum on separation from the NEC Corporation Group's IT systems, construction of proprietary IT systems, continuation of personnel exchanges, and continued participation in employee benefit programs for one year after independence. - FY2020-Q1First statedAnnual report
「The parties agreed on the procedures required to separate the Company's IT systems from the NEC Corporation Group's IT systems and construct proprietary IT systems, to continue personnel exchanges at the same level as before the memorandum was executed, and to allow continued participation in the NEC Corporation Group's defined contribution pension plan, health insurance society and other programs until one year after the Company ceased to be a consolidated subsidiary of NEC Corporation.」
On the assumption that the Company would cease to be a consolidated subsidiary of NEC Corporation, the parties agreed in a memorandum on procedures for separating the Company from the NEC Corporation Group's IT systems and constructing proprietary IT systems, continued personnel exchanges, and continued participation in employee benefit programs. A one-year period of continued participation after independence was also specified.