Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · InitiativeAdvanced
Company split of the Metals Business and delegation of authority
First written in FY2018. 1 of 2 entries say "Advanced", first in FY2019. Latest entry: FY2019.
2entries
2years
0from disclosures
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Same theme, other companies
Delegation of authority and agile operations through a partial demerger of the metals businessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2019AdvancedAnnual report
「In the steel products sector, the company transferred part of the steel products business to Sumitomo Corporation Global Metals Co., Ltd. and Sumisho Metalex Corporation. This will enable the business to be conducted more flexibly while making greater use of diverse talent.」
The company transferred part of the metals business to wholly owned subsidiaries and implemented an agile business operating structure through the delegation of authority. - FY2018First statedAnnual report
「Through this corporate separation, the company will appropriately delegate authority to Sumitomo Corporation Global Metals Co., Ltd. and Sumisho Metalex Corporation and strengthen the operating structure so that the business can be conducted with greater speed while making use of diverse talent.」
Effective 1 April 2018, the company transferred part of the metals business to wholly owned subsidiaries and implemented delegated authority and more agile organizational management.