New Company Split of the Engineering Business and Transition to a Holding Company Structure
First written in FY2017-Q3. 1 of 4 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022RestatedAnnual report
「The Group consists of the Company and 3 subsidiaries and operates the testing equipment, trading, engineering and other businesses.」
Under the holding company structure, the Group continues to operate the testing equipment and engineering businesses through its subsidiaries and the Company's trading business. - FY2018-Q3AdvancedAnnual report
「Under these circumstances, on 1 March 2017, the Group transitioned to a holding company structure to clarify responsibility and authority for each Group business and speed up decision-making for Group management. The administrative and planning functions have also been integrated as the Group Administration Department and Group Corporate Planning Department, respectively, and the Company is advancing efficiency improvements and functional enhancements.」
Following the transition to a holding company structure, the administrative and planning functions were integrated as the Group Administration Department and Group Corporate Planning Department, respectively, and efficiency improvements and functional enhancements are being advanced. - FY2018-Q1AchievedAnnual report
「Under these circumstances, on 1 March 2017, the Group transferred the Company's engineering business to the newly established 株式会社東京衡機エンジニアリング through a simplified incorporation-type demerger and transitioned to a de facto holding company structure.」
On 1 March 2017, the Company transferred the engineering business to the newly established company and completed the transition to a de facto holding company structure. It explained that this created a foundation for clarifying responsibility and authority, strengthening management strategy and governance, and speeding up decision-making. - FY2017-Q3First statedAnnual report
「On 1 September 2015, the Company had carried out a corporate demerger of its core testing equipment business by way of a simplified demerger for the purpose of integrating the Group's testing equipment businesses and had transitioned to a business holding company-style management structure. The Company has now decided to carry out, with 1 March 2017 as the effective date, a corporate demerger by way of a simplified incorporation-type demerger, under which its engineering business will be transferred to the company established through the demerger, and to transition to a holding company structure, with the aim of further increasing the Group's corporate value by clarifying responsibility and authority for each Group business, strengthening the functions for formulating Group management strategies and the management structure, including corporate governance, and speeding up decision-making for Group management.」
The Company carried out a corporate demerger transferring the engineering business to a newly established company on 1 March 2017 and decided to transition to a holding company structure to clarify responsibility and authority for each business, strengthen management strategy and corporate governance, and speed up decision-making.