[ETS Holdings Co., Ltd.] ETS Group Co., Ltd. approved for new listing on the Tokyo Stock Exchange Standard Market
*ETS Holdings Co., Ltd.*
Press release: September 2, 2024
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ETS Group Co., Ltd. approved for new listing on the Tokyo Stock Exchange Standard Market
* On September 2, 2024, ETS Group Co., Ltd. (hereinafter referred to as “ETS Group”)
We would like to inform you that our new listing on the Tokyo Stock Exchange Standard Market has been approved as of October 1, 2019. *
Shinaki Kato, scheduled to be appointed as President and
Representative Director of ETS Group Co., Ltd.
* 1. Overview of listing approval *
(1) Company name ETS Group Co., Ltd.
(2) Representative Director and President Shinaki Kato
(3) Head office location: 1-10-13 Minamiikebukuro, Toshima-ku, Tokyo (4) Listing market: Tokyo Stock Exchange Standard Market
(5) Listing date October 1, 2024
(6) Securities code 253A
ETS Group is a subsidiary of ETS Holdings Co., Ltd. (Headquarters: Toshima-ku, Tokyo, Representative Director: Shinaki Kato, Stock Code: 1789, hereinafter “ETS Holdings”, ETS Holdings and ETS, which are already listed on the Tokyo Stock Exchange Standard Market). Together with the group, “ETS”) will become the wholly-owning parent company established through a stock transfer.
As of today, the ETS Group has not been established, so the
information is based on the expected status as of October 1, 2024, the scheduled date of company establishment.
2. Background of considering transition to a holding company structure
ETS celebrated its 100th anniversary in February 2022, and with a view to further “100 years into the future,” we are committed to “We are the ones who light up this city” – From 100 years of tradition to 100 years of future. Our purpose (raison d’être) is “to…”, and we continue to take on further challenges as a group.
Amid rapid changes in society such as global warming and the rapid spread of renewable energy, we believe that we can create new value using the core technologies we have cultivated to help people live safe and secure lives. We believe that this is our social
responsibility.
In order for ETS to continue to grow sustainably and keep the lights on for the next 100 years, we will need to further strengthen our electric power and facility business divisions, as well as expand our real estate business. We believe that we must take on the challenge of new businesses that adapt to changes in society, and have determined that transitioning to a holding company structure is the best way to accomplish this.
3. Purpose of transition to a holding company structure and group management structure achieved through the transition
* 1. Speeding up decision-making in business promotion *
ETS has set priority measures by field in its medium-term management plan covering the three years from September 2024 to September 2026. We believe that by transitioning to a pure holding company structure, we will be able to realize each of our key measures more flexibly and quickly.
* 2. Demonstrating synergy effects and increasing efficiency through group management *
ETS is divided into two major divisions: our company, Iwai Kogyosho Co., Ltd., and DC Line Co., Ltd., which are mainly responsible for the power business division and equipment business division, and Tokyo Management Co., Ltd. and Yuuki Sangyo Co., Ltd., which are mainly responsible for the building management business. However, we believe that we can grow more effectively and efficiently by promoting our business under a pure holding company structure in which management decisions are made from the perspective of optimally increasing corporate value for the entire group. Masu.
* 3. Build an organizational structure that can respond to strategic and agile changes such as M&A and alliances *
When taking on the challenge of new businesses that adapt to social changes through M&A and alliances, we believe that by shifting to a pure holding company structure, we will be able to execute more strategically and flexibly.
* 4. Developing the next generation of management personnel *
Nowadays, with the shortage of human resources in Japan and the rapid growth of AI, etc., in order to further support the growth of employees, who are the human capital of business management, in addition to various human resource strategies, we are implementing management at operating companies under the umbrella of a pure holding company. We believe that by allowing them to gain experience, we can quickly develop the next generation of management personnel, which in turn will contribute to the sustainable growth of our group. 3. Holding company structure after transition to holding company structure
Due to the transition to a holding company structure, ETS Holdings, which was previously an operating holding company, will continue to be a core operating company, but its role will now be focused on driving the electrical construction business, centered on the power
transmission business and equipment business. Masu. In the building management and cleaning business, we will strengthen and expand our business by placing two subsidiary companies responsible for these businesses under our direct control. After clearly organizing the roles and direction of these two businesses, we will strengthen collaboration within the group and aim to further improve customer satisfaction and corporate value.