Functional Reorganization into a Business Holding Company Structure
First written in FY2020-Q1. 6 of 9 entries say "Restated". Latest entry: FY2023-Q3.
36 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「To respond to changes in the environment surrounding each of its businesses, the Company is working to advance the Group’s management structure, including the separation of the railway business into a separate company and the transfer of the real estate operations business to a subsidiary. In fiscal 2019, it also formulated a long-term management vision setting out its management stance and the direction of its growth strategy toward 2030, as well as the future envisioned for the Tokyu Group from a 2050 perspective, and is promoting sustainable management aimed at continuously helping solve social issues.」
The Company has reconfirmed the advancement of the Group’s management structure, including the separation of the railway business into a separate company and the transfer of the real estate operations business to a subsidiary. - FY2023-Q1RestatedAnnual report
「To respond to changes in the environment surrounding each of its businesses, the Company is working to advance the Group’s management structure, including the separation of the railway business into a separate company and the transfer of the real estate operations business to a subsidiary. In fiscal 2019, it also formulated a long-term management vision setting out its management stance and the direction of its growth strategy toward 2030, as well as the future envisioned for the Tokyu Group from a 2050 perspective, and is promoting sustainable management aimed at continuously helping solve social issues.」
The Company has reconfirmed the advancement of the Group’s management structure, including the separation of the railway business into a separate company and the transfer of the real estate operations business to a subsidiary. - FY2022-Q2RestatedAnnual report
「To respond to changes in the environment surrounding each of its businesses, the Company is working to advance the Group’s management structure, including the separation of the railway business into a separate company and the transfer of the real estate operations business to a subsidiary. In fiscal 2019, it also formulated a long-term management vision setting out its management stance and the direction of its growth strategy toward 2030, as well as the future envisioned for the Tokyu Group from a 2050 perspective, and is promoting sustainable management aimed at continuously helping solve social issues.」
In addition to separating the railway business into a separate company, the Company cites the transfer of the real estate operations business to a subsidiary as an initiative to advance the Group’s management structure. - FY2021-Q3RestatedAnnual 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 has reconfirmed the advancement of the Group’s management structure, including the separation of the railway business into a separate company. - FY2021-Q2RestatedAnnual 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. (hereinafter, “Tokyu Railways”), whose corporate name had been changed from Tokyu Railways Split Preparation Company on 2 September 2019.」
The Company has reconfirmed the completed reorganisation under which the railway business was transferred to a subsidiary and functions were divided between the business holding company and the subsidiary operating the business. - FY2021-Q1RestatedAnnual report
「To respond to changes in the environment surrounding each of its businesses, the Company is working to advance the Group’s management structure, including the separation of the railway business into a separate company. In fiscal 2019, it also formulated a long-term management vision setting out its management stance and the direction of its growth strategy toward 2030, as well as the future envisioned for the Tokyu Group from a 2050 perspective, and is promoting sustainable management aimed at continuously helping solve social issues.」
The Company has reconfirmed its efforts to advance the Group’s management structure, including the separation of the railway business into a separate company, and to promote sustainable management based on its long-term management vision. - FY2020-Q3AdvancedAnnual report
「In connection with this Group reorganisation, during the third quarter of the consolidated fiscal year the Company reorganised and reclassified operating expenses that had previously been allocated to each business under the Railway Business Accounting Regulations (Ministry of Transport Ordinance No. 7 of 20 February 1987) into operating expenses attributable to the Company, which continues to manage the Group as a business holding company, and operating expenses attributable to Tokyu Railways, which operates the railway and tramway business. The Company also reorganised the allocation of asset management responsibilities with Tokyu Railways, as the business holding company owns real estate for leasing and other purposes and is responsible for development and asset portfolio management in order to advance its growth strategy.」
The division of functions between the business holding company and Tokyu Railways was made more concrete through the organisation of operating expenses and the allocation of asset management responsibilities. - FY2020-Q2AdvancedAnnual 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.」
As part of the functional reorganisation into a business holding company and subsidiaries operating individual businesses, the railway business was separated through a company split and transferred to a subsidiary. - FY2020-Q1First statedAnnual report
「In light of these circumstances, the Company will reorganise the Group by function into a business holding company responsible for Group management and subsidiaries responsible for operating individual businesses, in order to establish a management structure suited to achieving sustainable growth and enhancing corporate value. After the company split, the Company will serve as the business holding company, responsible for development and asset portfolio management and for creating new businesses in line with its management strategy, thereby advancing its growth strategy.」
The Company first explicitly stated its plan to reorganise the Group by function into a business holding company responsible for Group management and subsidiaries operating the individual businesses, including the separation of the railway business into a separate company. After the split, the holding company will be responsible for development, asset portfolio management and the creation of new businesses.