Consolidation of Management Resources and Improved Operational Efficiency through the Absorption-Type Merger of C&H
First written in FY2022-Q2. 2 of 3 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022.
88 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「In FY2021, the Company absorbed and merged its wholly owned subsidiary C&H Co., Ltd., accelerating management decision-making, improving operating efficiency and making more effective use of human resources.」
The Company stated that, following completion of the absorption merger of C&H, management decision-making had been accelerated, operating efficiency improved and human resources used more effectively. - FY2022-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 30 September 2021, the Company resolved to absorb and merge its wholly owned subsidiary C&H Co., Ltd. (hereinafter, “C&H”), and completed the absorption merger effective 1 January 2022. The Company absorbed and merged C&H, which sells MDF, to consolidate management resources and improve operating efficiency. In connection with the absorption merger, the Company plans to change from consolidated financial statements to non-consolidated financial statements from the fourth quarter of the fiscal year ending March 2022.」
The absorption merger of C&H was completed effective 1 January 2022. The Company disclosed that it plans to change from consolidated to non-consolidated financial statements from the fourth quarter, for the purposes of consolidating management resources and improving operating efficiency. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 30 September 2021, the Company resolved to absorb and merge its wholly owned subsidiary C&H Co., Ltd. (hereinafter, “C&H”), effective 1 January 2022, and entered into a merger agreement on the same date. Through the absorption merger of C&H, which sells MDF, the Company intends to consolidate its management resources and improve operating efficiency.」
An agreement was entered into to absorb and merge wholly owned subsidiary C&H effective 1 January 2022. Consolidation of management resources and improved operating efficiency were explicitly stated as the purposes of the merger.