Strengthening Group Management through the Transition to a Holding Company Structure
First written in FY2018. 1 of 5 entries say "Restated". Latest entry: FY2022.
25 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「In June 2022, with Morito Japan Co., Ltd. as the company being split, the rights and obligations relating to the apparel business were transferred to Morito Apparel Co., Ltd., and those relating to the transportation-related business were transferred to Morito Auto Parts Co., Ltd.」
Following the transition to a holding company structure, the apparel-related and transportation-related businesses were transferred to newly established subsidiaries, advancing the separation of the entities responsible for executing each business. - FY2019Cited as achievedAnnual report
「The company transitioned to a holding company on 1 June 2019.」
The completion of the transition to a holding company structure was reviewed in the full-year business combination notes, which explained that the objectives were to strengthen the group management strategy function, clarify authority and responsibility, and maximize group synergies. - FY2019-Q2AchievedAnnual report
「The company transitioned to a holding company on 1 June 2019.」
The company completed the transition to a holding company structure through an absorption-type company split. - FY2019-Q1RestatedAnnual report
「While advancing preparations for the transition to a holding company structure」
The company continues to advance preparations for the transition to a holding company structure. - FY2018First statedAnnual report
「With a view to transitioning to a holding company structure around 1 June 2019, the company resolved to establish Morito Japan Co., Ltd., a wholly owned subsidiary, as the company preparing for the company split, and established it on 3 December 2018. / The holding company will specialize in managing the Morito Group as a whole, formulate group management strategies for expanding new businesses, including M&A, and seek to maximize group-wide corporate value through the optimal allocation and efficient use of management resources.」
The transition to a holding company structure targeted for 1 June 2019 was first recorded as a standalone theme. The company had progressed as far as establishing the company preparing for the split and executing the absorption-type company split agreement, with the objectives of strengthening group strategy functions, clarifying authority and responsibility, and maximizing synergies.