Transition to a Holding Company Structure
First written in FY2022. 4 of 7 entries say "Restated". Latest entry: FY2025.
36 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「As a holding company, our Board of Directors is responsible for decision-making and oversight functions across the Group, while the operating companies are primarily responsible for execution, thereby clarifying the separation between management decision-making and oversight functions and business execution functions.」
Under the holding company structure completed in October 2022, the holding company continues to handle decision-making and oversight, while the respective operating companies handle business execution. - FY2024-Q2RestatedAnnual report
「We transitioned to a holding company structure on 1 October 2022 to strengthen global governance in line with the expansion of our business scale, reform our portfolio, expand new businesses, and promote sustainability management.」
The transition to a holding company structure, completed on 1 October 2022, continues to be presented as the foundation for strengthening global governance, reforming the portfolio, expanding new businesses and promoting sustainability. - FY2024-Q1RestatedAnnual report
「We transitioned to a holding company structure on 1 October 2022 to strengthen global governance in line with the expansion of our business scale, reform our portfolio, expand new businesses, and promote sustainability management.」
The transition to a holding company structure continues to be presented as the foundation for global governance, portfolio reform, new businesses and sustainability management. - FY2023-Q3RestatedAnnual report
「Under a structure comprising the three core operating companies 国際紙パルプ商事, Antalis and Spicers, each operating in the North-East Asia, Europe/South America and Asia-Pacific regions, respectively, we currently make management decisions and evaluate business performance.」
Under the holding company structure completed on 1 October 2022, management decisions and performance evaluations are conducted with the three core operating companies as the central focus. - FY2023-Q2AchievedAnnual report
「On 1 October 2022, we transitioned to a holding company structure and transferred the wholesale business for paper, pulp and related products to our wholly owned subsidiary, 国際紙パルプ商事分割準備株式会社. On the same date, we changed our corporate name from 国際紙パルプ商事株式会社 to KPP GROUP HOLDINGS CO.,LTD., while 国際紙パルプ商事分割準備株式会社 changed its corporate name to 国際紙パルプ商事株式会社.」
The planned company split, transfer of the wholesale business for paper, pulp and related products, and corporate name changes were completed on 1 October 2022, completing the transition to a holding company structure. - FY2023-Q1AdvancedAnnual report
「The company entered into an absorption-type company split agreement under which the rights and obligations relating to its wholesale paper and pulp business will be transferred to “国際紙パルプ商事分割準備株式会社,” a wholly owned subsidiary established on 1 April 2022. The agreement was approved at the 148th Annual General Meeting of Shareholders held on 29 June 2022. Planned effective date of the absorption-type company split: 1 October 2022.」
The transition to a holding company structure has progressed through the establishment of the split preparation company, execution of the absorption-type company split agreement and approval at the Annual General Meeting of Shareholders. The company is in the concrete execution phase toward the planned effective date of 1 October 2022. - FY2022First statedAnnual report
「The company will transition to a holding company structure through a corporate split, specifically an absorption-type company split, with 1 October 2022 as the planned effective date. After the split, the company will change its corporate name to “KPPグループホールディングス株式会社,” while the company succeeding to the split will change its corporate name to “国際紙パルプ商事株式会社.” The company plans to remain listed as a holding company responsible for managing the group companies after the transition to the holding company structure.」
The company has for the first time specifically disclosed a corporate split and transition to a holding company structure aimed at strengthening global governance, reforming the portfolio, expanding new businesses and promoting sustainability management.