Transition to a holding company structure and business split in connection with the integration of USEN
First written in FY2017-Q4. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2017.
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- FY2017AchievedAnnual report
「We transitioned to a holding company structure through a company split effective 1 December 2017.」
The company completed the transition to a holding company structure by carrying out a company split involving 3 companies, absorption-type mergers and changes to the corporate names in connection with the integration with USEN. - FY2018-Q1AdvancedAnnual report
「The absorption-type company split agreements were approved at the extraordinary general meeting of shareholders held on 10 July 2017.」
The absorption-type company split agreements involving 3 companies in connection with the transition to a holding company structure were approved at the general meeting of shareholders, and procedures are progressing toward the effective date of 1 December 2017. - FY2017-Q4First statedAnnual report
「Based on a resolution of the Board of Directors meeting held on 19 June 2017, we entered into absorption-type company split agreements with each of the 3 wholly owned subsidiaries newly established on 19 June 2017 as the companies succeeding to the business, in connection with the business integration with USEN and the transition to a holding company structure. We also entered into absorption-type merger agreements with U-NEXT SPC1, a wholly owned subsidiary, and USEN, respectively.」
In preparation for the integration with USEN, the company has specified its plan to transition to a holding company structure by separating the business among 3 successor companies and merging with SPC1 and USEN.