May 12, 2023
NTT DATA Corporation
NTT DATA Corporation (the “Company”), in line with its aim to further grow its domestic business, resolved at today’s Board of Directors meeting to execute an absorption-type company split agreement (the “Absorption-Type Company Split Agreement”) with respect to NTT DATA’s domestic business with NTT DATA Japan Preparation Corporation (“Preparation Corporation”) and has executed such agreement. Preparation Corporation will succeed to the Company’s domestic business pursuant to the Absorption-Type Company Split Agreement and commence its business as a domestic operating company from July 1st. Furthermore, as of the same date, the Company will become a holding company, and shift to a holding company structure with the following subsidiaries under its umbrella, i.e., the new domestic operating company and NTT DATA, Inc., which was established in October last year and oversees the overseas business.
The transition to such structure is subject to approval at the Company’s 35th Ordinary General Meeting of Shareholders, which is planned to be held in June 2023.
1. Background
Considering the changes in the business environment with…
