Next, I will provide an explanation on the purpose of the reorganization in the management system.
This reorganization aims to strengthen management capabilities in the Business Technologies Business. Currently, our management is distributed among operating companies and holding companies. Many holding company executives, including myself, were originally engaged in the Business Technologies Business, and we would like to strengthen management capabilities by concentrating the strategic power of these executives.
Another aim of this reorganization is the strategic and agile utilization of management resources. We would like to make improvements to our organizational structure aimed at quickly expanding the scale of growth businesses and improving the profitability of low-profit businesses. However, in the current organizational structure, various operating companies are independently registered and as a result labor and costs are spent in areas other than those that truly should be focused on. We plan to abolish to the holding company framework so that we can establish a framework capable of responding promptly to changes in the business environment.
Thirdly, this reorganization is aimed at establishing systems to support efficient operations. Under the holding company system, operating companies and common function companies established management departments and held board of directors meetings as separate companies. With this reorganization we will eliminate these unnecessary processes and focus instead on the business operations that are the true purpose of business.
This reorganization aims to strengthen management capabilities in the Business Technologies Business. Currently, our management is distributed among operating companies and holding companies. Many holding company executives, including myself, were originally engaged in the Business Technologies Business, and we would like to strengthen management capabilities by concentrating the strategic power of these executives.
Another aim of this reorganization is the strategic and agile utilization of management resources. We would like to make improvements to our organizational structure aimed at quickly expanding the scale of growth businesses and improving the profitability of low-profit businesses. However, in the current organizational structure, various operating companies are independently registered and as a result labor and costs are spent in areas other than those that truly should be focused on. We plan to abolish to the holding company framework so that we can establish a framework capable of responding promptly to changes in the business environment.
Thirdly, this reorganization is aimed at establishing systems to support efficient operations. Under the holding company system, operating companies and common function companies established management departments and held board of directors meetings as separate companies. With this reorganization we will eliminate these unnecessary processes and focus instead on the business operations that are the true purpose of business.