Business reorganization and changes to reportable segments aimed at generating synergies

「前期より着手した不採算子会社の整理を継続」

「The group will generate synergies by selecting, concentrating and reallocating management resources. It will strengthen relationships with partner companies in strategic fields and enhance its ability to create new technologies and services and capture business across the entire value chain through business participation, collaboration and acquisitions.」

「At a meeting of the Board of Directors held on 25 December 2020, the Company resolved to absorb and merge its wholly owned subsidiary KDI Global Management Co., Ltd. (hereinafter, "KDIGM") and its wholly owned subsidiary Kikuden (hereinafter, "Kikuden"), and completed the absorption-type merger on 1 October 2021.」

「At a meeting of the Board of Directors held on 25 December 2020, the Company resolved to absorb and merge its wholly owned subsidiary KDI Global Management Co., Ltd. (hereinafter, "KDIGM") and its wholly owned subsidiary Kikuden (hereinafter, "Kikuden"), and completed the absorption-type merger on 1 October 2021.」

「We decided that integrated operations through the consolidation of management resources would be optimal, including eliminating duplication in trading company functions and administrative departments, achieving further synergies among the products handled and customers served, and deepening personnel exchanges and the use of locations. Effective date of the merger: 1 October 2021 (scheduled)」

「We previously classified our operations into four segments: Power, Chemicals and Environment, Electronic Precision Machinery, and Lifestyle-Related. We implemented an organizational reorganization aimed at generating synergies and, from the first quarter of the current consolidated accounting period, changed the Chemicals and Environment Business and Electronic Precision Machinery Business into the Environment, Chemicals and Machinery Business through integration. This change followed a review of our business divisions to enable integrated proposals combining product groups from multiple segments in response to customer needs.」

「We previously classified our operations into four segments: Power, Chemicals and Environment, Electronic Precision Machinery, and Lifestyle-Related. We implemented an organizational reorganization aimed at generating synergies and, from the first quarter of the current consolidated fiscal year, changed the Chemicals and Environment Business and Electronic Precision Machinery Business into the Environment, Chemicals and Machinery Business through integration. This change followed a review of our business divisions to enable integrated proposals combining product groups from multiple segments in response to customer needs. In addition, in line with changes in the product groups handled, we changed the name of the Lifestyle-Related Business reportable segment to the Lifestyle Industries Business.」

「In conjunction with the launch of the new three-year medium-term management plan, "T-Stepup2023," our group implemented an organizational reorganization on 1 April 2020 aimed at generating synergies. Accordingly, from April 2020, the reportable segments were changed from the four previous segments of Power, Chemicals and Environment, Electronic Precision Machinery, and Lifestyle-Related to three segments: Power, Environment, Chemicals and Machinery, and Lifestyle Industries.」

「Among the auxiliary equipment for power generation facilities previously included in the Chemicals and Environment Business, those sold to plant manufacturers and others whose end users are power companies have been reclassified to the Power Business from the first quarter. This change follows a review of our internal management organization aimed at improving the efficiency and strengthening business management, in light of expectations that power deregulation will advance further in the future.」

「Among the auxiliary equipment for power generation facilities previously included in the Chemicals and Environment Business, those sold to plant manufacturers and others whose end users are power companies have been reclassified to the Power Business from the first quarter of the current fiscal year. This change follows a review of our internal management organization aimed at improving the efficiency and strengthening business management, in light of expectations that power deregulation will advance further in the future.」

「From the current fiscal year, we implemented a business reorganization aimed at generating synergies and, as described below, reclassified and renamed our reportable segments.」

「From the current fiscal year, we implemented a business reorganization aimed at generating synergies and, as described below, reclassified and renamed our reportable segments.」

「From the first quarter, we implemented a business reorganization aimed at generating synergies and, as described below, reclassified and renamed our reportable segments.」

「From the first quarter, we implemented a business reorganization aimed at generating synergies and, as described below, reclassified and renamed our reportable segments.」

「From the first quarter of the current fiscal year, we implemented a business reorganization aimed at generating synergies and, as described below, reclassified and renamed our reportable segments.」