Toy maker Bandai Co. said Tuesday it will adopt a holding company structure by March 2006 as part of a new three-year business plan that will be implemented in April.
By following the plan, the company hopes to report a group pretax profit of 32 billion yen on sales of 300 billion yen in the fiscal year through March 2006. For the current year, which ends March 31, Bandai expects a group pretax profit of 26 billion yen on sales of 238 billion yen.
Bandai said it will spin off six business divisions into subsidiaries and place them under the holding company.
The company will also shift from a geographical-based management system to a division-based regime that includes its toy, game software and network sectors.
To help expand operations, Bandai will more aggressively pursue mergers and acquisitions while seeking more business alliances, the company said.
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