Reorganization into 3 business groups and spin-off of operating companies
First written in FY2021-Q2. 1 of 4 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AchievedAnnual report
「In April 2021, the company integrated the Marine and Offshore business with the Energy and Environmental Plant business, consolidating its future hydrogen-related products and strengthening its framework for promoting an engineering business centered on core components. In October 2021, it spun off the Vehicle business and the Motorcycle & Engine business to accelerate a structure capable of responding nimbly to market demands, and reorganized the Group's businesses into 3 groups: Land and Air Transportation Systems, Motion Control & Motor Vehicles, and Energy Solutions & Marine Engineering.」
The company reported for the full year that the business integration in April 2021, the spin-off of 2 businesses in October of the same year, and the reorganization into 3 business groups had been completed. - FY2022-Q1AdvancedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, the former reporting segments Energy and Environmental Plant and Marine and Offshore were integrated and renamed Energy Solutions & Marine.」
The integration of the Energy and Environmental Plant business and the Marine and Offshore business in April 2021 was reflected in the reporting segments for the first quarter. - FY2021-Q3RestatedAnnual report
「Under the new business policy, the energy and environmental plant business and the ships and marine engineering business were integrated in April 2021, while the rolling stock business and the motorcycles and engines business were spun off in October 2021. In addition, to make cooperation among the businesses more effective, the Group plans to reorganize its businesses into 3 groups: Land and Air Transportation Systems, comprising the Aerospace Systems Company and rolling stock (new company); Motion Control & Motor Vehicles, comprising the Precision Machinery & Robot Company and motorcycles and engines (new company); and Energy & Marine Engineering, comprising the Energy and Environmental Plant Company and the Ships and Marine Engineering Company, which will be integrated.」
The company reiterated the same policy of integration in April 2021, the spin-off of 2 businesses in October of the same year, and reorganization into 3 business groups. - FY2021-Q2First statedAnnual report
「Under the new business policy, the energy and environmental plant business and the ships and marine engineering business were integrated in April 2021, while the rolling stock business and the motorcycles and engines business were spun off in October 2021. In addition, to make cooperation among the businesses more effective, the Group plans to reorganize its businesses into 3 groups: Land and Air Transportation Systems, comprising the Aerospace Systems Company and rolling stock (new company); Motion Control & Motor Vehicles, comprising the Precision Machinery & Robot Company and motorcycles and engines (new company); and Energy & Marine Engineering, comprising the Energy and Environmental Plant Company and the Ships and Marine Engineering Company, which will be integrated.」
The company set out a policy, with specific dates, to integrate the Energy and Environmental Plant business and the Marine and Offshore business in April 2021, spin off the Vehicle business and the Motorcycle & Engine business in October of the same year, and reorganize into 3 business groups.