Furthermore, most of the operational and administrative roles of the business that had been handled by the Iwata headquarters have been transferred to YMFC. With this complete, YMFC will begin acting in earnest as the global head office for the Company's financial services business groupwide.
In addition to the governance and management roles that have until now been handled by the Iwata headquarters, YMFC will conduct as well as support more specialized and flexible business management practices in order to adapt to changes in the market environment, acquire secure and trustworthy financing, and work to share the know-how and strengths of each market. At the same time, YMFC will strive to bolster the following activities:
1. Enhancement of risk management and governance practices for the fast-growing financial services business
2. Promotion of innovations that actively incorporate advances in digital technology and reinforce business competitiveness
3. Strengthen and promote global management and utilization of human resources with financial services expertise
To this end, departments for consolidated risk management, innovation, and global human resources development will be established at YMFC. Following this transfer of shares in the
In the Medium-Term Management Plan (2022-2024) announced in
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