Business model transformation through structural reform and investment in IT and digitalization
First written in FY2018-Q2. 6 of 7 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3AdvancedAnnual report
「We accelerated efforts, undertaken across the Group for some time, to pursue digital transformation (DX), improve business efficiency and transform our business model to create new revenue opportunities.」
The disclosure explicitly states that efforts relating to business model transformation through restructuring and IT and digitalisation, including DX, business efficiency improvements and the creation of new revenue opportunities, were accelerated. - FY2020-Q2AdvancedAnnual report
「Through the organisational reorganisation on 1 April, the Company transferred the functions of the bank holding company to its subsidiary AFS Corporation Co., Ltd. and transitioned from a bank holding company to an operating company. The Company and Group companies, excluding Aeon Bank and certain other Group companies, are now actively strengthening cooperation between finance and retail and pursuing cooperation with external partners, and will report on new business developments as they arise.」
The disclosure states that the organisational reorganisation was implemented on 1 April 2019 and that, following the transition to an operating company, the Company entered the phase of advancing cooperation between finance and retail and with external partners. - FY2019AdvancedAnnual report
「Specifically, we will establish ＡＦＳコーポレーション株式会社 as a new bank holding company and transition the Company into an operating company, thereby creating a structure capable of accommodating an expanded scope of operations.」
The organisational reorganisation progressed to a structure capable of accommodating an expanded scope of operations, including the establishment of a bank holding company and the transition of the Company to an operating company. - FY2019-Q4AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 January 2019, the Company resolved to implement an internal group reorganisation, effective 1 April 2019 as scheduled, by transitioning from a bank holding company to an operating company and transferring the shares of subsidiaries such as Aeon Bank held by the Company to AFS Corporation Co., Ltd., a wholly owned subsidiary of the Company, through an absorption-type company split.」
The Board of Directors resolved to transition from a bank holding company to an operating company, scheduled for 1 April 2019, and to transfer the subsidiary shares through an absorption-type company split. The restructuring progressed to a specific organisational reorganisation plan. - FY2018-Q4AdvancedAnnual report
「Business restructuring expenses are costs associated with an absorption-type company split between consolidated subsidiaries, with 1 October 2017 as the effective date.」
The absorption-type company split between consolidated subsidiaries, with 1 October 2017 as the effective date, proceeded to the implementation stage, and related business restructuring expenses of ¥217 million were recognised. A gain on transfer of ¥1,433 million in the business separation was also recognised. - FY2018-Q3AdvancedAnnual report
「Business restructuring expenses are costs associated with an absorption-type company split between consolidated subsidiaries, with 1 October 2017 as the effective date.」
The absorption-type company split between consolidated subsidiaries was advanced with 1 October 2017 as the effective date, and related expenses of ¥217 million were recognised as an extraordinary loss in the interim period. The implementation stage of the restructuring and business model transformation became more concrete. - FY2018-Q2First statedAnnual report
「Under the new management structure established in connection with the restructuring implemented on 1 April 2017, we are pursuing restructuring and seeking to transform our business model through systems (IT) and digital investments.」
The Company explicitly stated that, under the restructuring and new management structure effective 1 April 2017, it would transform its business model through IT and digital investments. In connection with this, an absorption-type company split between consolidated subsidiaries was scheduled to take effect on 1 October 2017.