Transition to a Holding Company Structure
First written in FY2017-Q2. 1 of 3 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2018.
6 other companies' latest entry also says "Cited as achieved".
- FY2018Cited as achievedAnnual report
「The company conducted a company split and transitioned to a holding company structure effective 1 March 2017. As a result, management indicators and other figures from the 51st fiscal year onward have changed substantially compared with those for the 50th fiscal year and earlier.」
The filing again describes the completed transition to a holding company structure and the resulting changes in the filing company’s management indicators. - FY2017-Q3AchievedAnnual report
「Effective 1 March 2017, the company transferred its insourcing business and all other businesses, excluding businesses relating to the control or management of the operations of subsidiaries in which it holds shares or equity interests and businesses relating to group management, to 株式会社平山, which changed its corporate name from 平山分割準備株式会社 on 1 March 2017, through a company split. At the same time, the company transitioned to a holding company structure and changed its corporate name to HIRAYAMA HOLDINGS Co.,Ltd.」
The planned company split and transition to a holding company structure were implemented on 1 March 2017, and the corporate name was changed to HIRAYAMA HOLDINGS Co.,Ltd. - FY2017-Q2First statedAnnual report
「In connection with the planned transition to a holding company structure, effective 1 March 2017, the company will conduct an absorption-type company split in which certain assets, liabilities and other rights and obligations relating to all businesses other than the group management business will be transferred to 平山分割準備株式会社, a wholly owned subsidiary of the company.」
The company decided to transfer its businesses to a wholly owned subsidiary and transition to a holding company structure, with the company serving as the group management company, effective 1 March 2017. The objectives are to clarify responsibility and authority for each business, strengthen governance and accelerate decision-making.