Improving Sales Operations and Management Efficiency through Corporate Splits and Absorption-Type Mergers Involving 北信越ジョーシン
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
88 other companies' latest entry also says "Achieved".
- FY2017AchievedAnnual report
「On 1 February 2017, Hokushinetsu Joshin Co., Ltd. (consolidated subsidiary) changed its corporate name to Hokushinetsu Joshin Co., Ltd., conducted a corporate split with the company as the splitting company, and newly established Hokushinetsu Joshin Co., Ltd. (currently a consolidated subsidiary). On the same date, our company, as the surviving company, absorbed Hokushinetsu Joshin Co., Ltd.」
On 1 February 2017, Hokushinetsu Joshin conducted a corporate split establishing a new company, followed by an absorption-type merger by our company. This integrated store real estate management and external funding activities and improved the efficiency of Group-company management. - FY2017-Q3First statedAnnual report
「The business involving the contracting and commissioned operation of businesses operated by (existing) Hokushinetsu Joshin Co., Ltd. will be transferred through a corporate split to (new) Hokushinetsu Joshin Co., Ltd. Our company will absorb (existing) Hokushinetsu Joshin Co., Ltd., integrating store real estate management and external funding activities that had previously been divided between our company and (existing) Hokushinetsu Joshin Co., Ltd. (New) Hokushinetsu Joshin Co., Ltd. will undertake the contracting and commissioned operation of the sales business for home appliances and other products, further strengthening the Group's operating structure and improving the efficiency of Group-company management.」
The plan was approved by the board of directors on 11 November 2016, with the corporate split and absorption-type merger scheduled to take effect on 1 February 2017. The plan aims to integrate previously dispersed store real estate management and external funding activities and strengthen and improve the efficiency of the Group's operating structure and Group-company management.