Separation of operating companies into separate entities and independent accounting under a holding company
First written in FY2016. 4 of 8 entries say "Reframed", first in FY2018-Q3. Latest entry: FY2021.
Sanoyas Holdings moved to the "Worse" side of this theme in 2020, 6 years before the typical company in this theme (2026).
7 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「Although the Group operated in an uncertain environment in fiscal 2020 due to the spread of COVID-19 in Japan and overseas, management reforms will result in a completely new structure from March this year, with a holding company without a shipbuilding business overseeing 8 operating companies centred on the former “second core business,” the M&T business. The Group will pursue growth and development as a group by bringing its companies together as one unit while they collaborate with and complement one another.」
The organisational structure has been completely revised into an alliance of 8 mid-sized operating companies centred on the M&T business under a holding company without a shipbuilding business. - FY2021-Q3ReframedAnnual report
「The M&T business is positioned as the Group's “second core business.” In addition to diversifying its operations, the Company has worked to strengthen the management foundations of each operating company. It is currently developing a new business strategy and organisational structure on the premise that the business will continue as an alliance of mid-sized companies comprising 9 existing operating companies after the transfer of the shipbuilding business.」
On the premise that the shipbuilding business will be transferred, the business structure under the holding company has been reorganised from two pillars, shipbuilding and M&T, into a structure centred on an alliance of 9 existing M&T operating companies. - FY2021-Q2ReframedAnnual report
「At a meeting of the Board of Directors held on 9 November 2020, the Company resolved to transfer all shares it held in its wholly owned subsidiary サノヤス造船㈱ to ㈱新来島どっく and entered into a share transfer agreement on the same date.」
Regarding the former structure of owning a shipbuilding operating company under the holding company, the planned transfer on 28 February 2021 would transfer 4,000,000 shares, representing 100% of voting rights, leaving the Company with 0 shares after the transfer. - FY2020-Q2RestatedAnnual report
「The Company is applying the technology and manufacturing expertise cultivated over many years in its founding shipbuilding business to other fields to stabilise management. It positions shipbuilding as its “core business” and its various diversified businesses outside shipbuilding as its “second core businesses,” and is promoting measures tailored to each business to strengthen competitiveness and profitability under the holding company structure.」
The Company continues its organisational policy of operating shipbuilding and the second core businesses under a holding company structure and promoting measures tailored to each business. - FY2019-Q1AchievedAnnual report
「On 1 April 2018, サノヤス・ビジネスパートナー㈱ and サノヤス建物㈱, both in the M&T business, merged as subsidiaries, with サノヤス・ビジネスパートナー㈱ as the surviving company. On 2 April 2018, サノヤスＭＴＧ㈱ was newly established.」
The merger of the M&T business subsidiaries and the establishment of サノヤスＭＴＧ㈱ as the company overseeing and supporting them were completed. In addition, an absorption-type company split transferring the M&T Group's oversight and support functions to サノヤスＭＴＧ㈱ became effective on 2 July 2018. - FY2018-Q3ReframedAnnual report
「At a meeting of the Board of Directors held on 31 January 2018, the Company resolved to carry out an organisational restructuring effective 2 April 2018 to integrate the businesses other than shipbuilding, namely the land-based and leisure businesses, and to establish a new subsidiary on the same date to oversee and support the integrated non-shipbuilding businesses.」
The Company resolved to reorganise its structure, integrating the land-based and leisure businesses into the M&T Group, overseen and supported by サノヤスＭＴＧ株式会社, rather than retaining the previous arrangement of separate operating companies. - FY2017RestatedAnnual report
「To achieve this, the Group considers it optimal to establish separate companies for each business and has adopted a group structure placing the shipbuilding, land-based and leisure operating companies under the holding company as consolidated and unconsolidated subsidiaries.」
The Company has reaffirmed an organisational structure that places operating companies under the holding company and seeks standalone management, clearly defined responsibilities and authority, and faster decision-making. - FY2016First statedAnnual report
「The Group considers it optimal to establish separate companies for each business and has adopted a group structure placing the shipbuilding, land-based and leisure operating companies under the holding company as consolidated and unconsolidated subsidiaries.」
The holding company is responsible for group strategy, resource allocation and governance, while the operating companies are managed on a standalone basis.