Transition to an Intermediate Holding Company and Consolidation of Subsidiary Management Functions
First written in FY2020-Q1. 3 of 5 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2022.
31 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「The intermediate holding company holds a meeting of representatives of the subsidiaries under its management twice each half-year, for a total of 2 meetings, to communicate our bank’s Group management policies and receive reports on business conditions and other important matters.」
The operating results for subsidiary management by the intermediate holding company included 2 meetings of representatives, attendance at important subsidiary meetings on 77 occasions and 12 regular meetings with our bank. - FY2021AdvancedAnnual report
「The intermediate holding company holds a meeting of representatives of the subsidiaries under its management twice each half-year, for a total of 2 meetings, to communicate our bank’s Group management policies and receive reports on business conditions and other important matters.」
The operating results for subsidiary management through the intermediate holding company included meetings of representatives, attendance at important meetings and 11 regular meetings with our bank. - FY2020-Q3AdvancedAnnual report
「On 1 July 2019, 南都スタッフサービス株式会社 changed its corporate name to 南都コンサルティング株式会社. The fee-charging employment placement and other businesses formerly operated by 南都スタッフサービス株式会社 (now 南都コンサルティング株式会社) were transferred to 南都マネジメントサービス株式会社 through an absorption-type company split on 9 September 2019.」
As part of the Group reorganisation following the transition to an intermediate holding company structure, 南都スタッフサービス株式会社 changed its corporate name to 南都コンサルティング株式会社, and the fee-charging employment placement and other businesses were transferred to 南都マネジメントサービス株式会社 through an absorption-type company split. - FY2020-Q2AchievedAnnual report
「On 2 September 2019, part of our subsidiary management functions was transferred to our wholly owned subsidiary 南都地所株式会社 through an absorption-type company split. On the same date, 南都地所株式会社 changed its corporate name to 南都マネジメントサービス株式会社 and became an intermediate holding company.」
Regarding the transition to an intermediate holding company structure, part of the subsidiary management functions was transferred through a company split on 2 September 2019, after which 南都地所株式会社 changed its corporate name to 南都マネジメントサービス株式会社 and became an intermediate holding company. The process has advanced from the planning stage to completion. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 17 June 2019, our bank resolved to transfer part of its subsidiary management functions (the “Business”) to its wholly owned subsidiary 南都地所株式会社 (南都地所) through an absorption-type company split, conditional on approval by the relevant authorities and with 2 September 2019 scheduled as the effective date, in order to transition to an intermediate holding company structure. On 17 June 2019, we entered into an absorption-type company split agreement with 南都地所株式会社.」
The plan to transfer part of the subsidiary management functions to 南都地所株式会社 through a company split, in preparation for the transition to an intermediate holding company structure, is disclosed for the first time. The effective date is scheduled for 2 September 2019, with the aim of improving the efficiency of the Group’s financial services by centralising management guidance and shared functions through shared services.