Spin-off and agile management of the thermal, engine and turbocharger businesses
First written in FY2017-Q1. 1 of 3 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2017.
No other company in this theme has enough history to compare yet.
- FY2017AchievedAnnual report
「July 2016: 三菱重工エンジン＆ターボチャージャ㈱ commenced operations October 2016: 三菱重工サーマルシステムズ㈱ commenced operations」
The transfers and spin-offs of the engine and turbocharger businesses and the thermal business to subsidiaries were completed through the commencement of operations in each case. - FY2017-Q2AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, we established 三菱重工エンジン＆ターボチャージャ㈱, which became a newly consolidated subsidiary.」
The plan to spin off the engine and turbocharger businesses was implemented as a specific organizational restructuring involving the establishment of a subsidiary and its inclusion in the scope of consolidation. - FY2017-Q1First statedAnnual report
「To strengthen competitiveness in global markets and further develop the business, we decided to transfer our thermal business to our subsidiary ＭＨＩ冷熱. To respond to the globalization of the environment surrounding our engine and turbocharger businesses, achieve further scale expansion and strengthen initiatives in new fields and technologies, and establish an organization with greater distinctiveness and agility by consolidating the two highly compatible businesses and creating a structure capable of rapid decision-making, we decided to transfer our engine and turbocharger businesses to our subsidiary 三菱重工エンジン＆ターボチャージャ. 1 July 2016: Effective date 1 October 2016 (scheduled): Effective date」
The spin-off was specified by transferring the thermal business and the engine and turbocharger businesses to subsidiaries to pursue scale expansion, new fields and technologies, agility and rapid decision-making.