Preparation for the spin-off of the railway business
First written in FY2019-Q2. 4 of 7 entries say "Cited as achieved", first in FY2020-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3Cited as achievedAnnual report
「The Company is also working to advance the Group’s management structure, including the separation of the railway business into a separate company, in response to changes in the environment surrounding each of its businesses.」
The Company cites the advancement of the Group’s management structure, including the separation of the railway business into a separate company, as an ongoing initiative. - FY2021-Q2Cited as achievedAnnual report
「On 1 October 2019, the Company transferred its railway business, including the tramway business, through a company split to its wholly owned subsidiary Tokyu Railways Co., Ltd., whose corporate name had been changed from Tokyu Railways Split Preparation Company on 2 September 2019.」
The company split involving the railway business and its transfer to Tokyu Railways effective 1 October 2019 are described as completed Group reorganisation measures. - FY2021-Q1Cited as achievedAnnual report
「On 2 September 2019, the Company changed its corporate name from Tokyo Kyuko Dentetsu Co., Ltd. to Tokyu Corporation. The railway and tramway business has been operated by Tokyu Railways Co., Ltd. since 1 October following the company split.」
The company split involving the railway business effective 1 October 2019 and operation of the business by Tokyu Railways are described as completed Group reorganisation measures. - FY2020-Q3Cited as achievedAnnual report
「On 2 September 2019, the Company changed its corporate name from Tokyo Kyuko Dentetsu Co., Ltd. to Tokyu Corporation. The railway and tramway business has been operated by Tokyu Railways Co., Ltd. since 1 October following the company split.」
The company split involving the railway business effective 1 October 2019 and operation of the business by Tokyu Railways are described as completed Group reorganisation measures. - FY2020-Q2AchievedAnnual report
「On 1 October 2019, the Company transferred its railway business, including the tramway business, through a company split to its wholly owned subsidiary Tokyu Railways Co., Ltd., whose corporate name had been changed from Tokyu Railways Split Preparation Company on 2 September 2019.」
The planned company split involving the railway business was implemented on 1 October 2019, completing the transfer of the railway business. - FY2020-Q1AdvancedAnnual report
「At the Board of Directors meeting held on 27 May 2019, the Company resolved to transfer its railway business, including the tramway business, to its subsidiary Tokyu Railways Split Preparation Company by means of a company split, with 1 October 2019 as the effective date, and on the same day entered into an absorption-type company split agreement with the successor company. The transaction is subject to receipt of the required approvals and licences from the supervisory authorities. The relevant proposals were also approved at the Company’s 150th Annual General Meeting of Shareholders held on 27 June 2019.」
The separation of the railway business into a separate company progressed through the Board of Directors resolution, execution of the absorption-type company split agreement and approval at the Annual General Meeting of Shareholders. The planned effective date is 1 October 2019, subject to approvals and licences from the supervisory authorities. - FY2019-Q2First statedAnnual report
「At the Board of Directors meeting held on 12 September 2018, the Company resolved to begin preparations to separate the railway business, including the tramway business, into a separate company around September 2019. The separation through a company split is scheduled to be implemented subject to approval at the Company’s Annual General Meeting of Shareholders scheduled for late June 2019 and, where necessary, receipt of approvals and licences from the relevant government authorities.」
The Board of Directors resolved to begin preparations for the company split involving the railway business, targeted for September 2019, subject to approval at the General Meeting of Shareholders and the required regulatory approvals and licences.