Corporate - related Question
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| Q. |
Where does the name of "T&D" come from? |
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| A. |
In the belief that the T&D Life Group would be a going concern which will continue to "try and discover" something new in order to maximize the Group's corporate value, we named the "T&D Life Group" by taking the initial letters of "Try" and "Discover".
The first objective of establishing a holding company is to diversify our business portfolio. Our business will be integrated among strong niche players with unique business models which allow each unit to maintain independent businesses. Such business models will enable the Group to grow steadily through business risk diversification. We decided to adopt the best option of establishing a holding company because integration through merger would reduce each company's unique strength.
The second objective is to increase management maneuverability. The holding company will dedicate itself to group management while each life insurance company promotes sales. Such a management structure enables the Group to flexibly allocate its management resources to profitable and promising areas. In addition, the Group can make investments in M&A and new business areas aggressively, while keeping each company's independence and without risking existing businesses.
The third objective is to enhance competitiveness. By thoroughly streamlining common infrastructures, we can reallocate redundant management resources to highly profitable business areas. Furthermore, since the holding company is to be listed, the market capitalization will increase compared with that of each existing company, thus improving credibility of the Group and enhancing Group presence as a whole. As a result, we can pursue management from a broader view than before, thereby enabling us to survive in a competitive market. |
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