|
|
 |
|
 |
|
 |
|
Next, I would like to explain the status of the establishment of a holding company system.
Since the establishment of the new system in October 2013, we have been examining and carrying out a range of measures to achieve the purposes of establishing a holding company system, improving management flexibility and efficiency, enhancing inter-business synergies through the Group's alliances and accelerating the growth of the Group's businesses by strengthening its financial foundations.
First, to improve business management under the consistent structure of each business and operational organizations, we carried out organizational restructuring mainly by reviewing operational organizations and changing the status of Tokyu Hands, Inc. from the subsidiary of Tokyu Land Corporation to the Company's subsidiary. We also changed the existing eight business segments to seven business segments in our efforts to improve management flexibility and efficiency.
Moreover, to strengthen the business that uses real estate stock, which is expected to grow in the future, we established Tokyu Housing Lease Corporation in April to concentrate the leasing and housing management business that had been carried out by three subsidiaries. We also transferred and consolidated the real estate agent business that was managed by more than one company to Tokyu Livable, Inc. Through these initiatives, by restructuring and consolidating overlapping businesses, we will improve business efficiency and expand business opportunities.
In addition, in April, we developed and launched a system in which customers for the agent business associated with stock under the management of Tokyu Community Corporation are guided to Tokyu Livable, Inc. We also commenced the integration of development and sales in the real estate sales business in April.
Moreover, by carrying out the Loyal Customer Project to establish long-term relationships of trust with our loyal customers and implementing other measures, we will seek to expand the inter-business synergies.
Meanwhile, in light of the achievement of the previous Medium-term Management Plan, we are currently developing a new Medium-term Management Plan.
From the fiscal year ending March 2015, under the new system, we will move into a growth phase through the holding company system.
We are now developing a long-term vision to fiscal 2020 in a new Medium-to Long-Term Management Plan, and preparing a Medium-Term Management Plan to achieve this vision. After examining the effects of the management integration and other factors and reflecting the results of these examinations in a plan, we expect to announce a new Medium-Term Management Plan in the fall of 2014.
|
|
|
