ANA announces the corporate formation of ANA Holdings and company reorganization

ANA (All Nippon Airways) (Tokyo) is moving to a holding company structure. The reorganization plan was approved by the ANA board of directors yesterday. The company is also adopting a multi-brand strategy.

Here is the statement by the airline:

“As was announced on February 17, 2012, studies have been ongoing with a view to moving to a holding company structure on April 1, 2013. At the meeting of Board of Directors of our company (hereafter referred to as the (”Company”) held on May 15, 2012, it was resolved that all business in which the Company is engaged (excluding, however, businesses regarding control or supervision of the companies in which shares are held by the Company and businesses regarding group management; hereafter referred to as the “Business”) should be transferred by means of a company split to ANA HOLDINGS INC. (the corporate name is scheduled to be changed to ALL NIPPON AIRWAYS COMPANY, LTD. on April 1, 2013; hereafter referred to as the “Successor Company”), which is a wholly-owned subsidiary of ALL NIPPON AIRWAYS CO., LTD. An absorption-type split agreement was signed on the same day between the Company and the Successor Company (such absorption-type company split shall be hereafter referred to as the “Absorption-type Company Split”). The effective date for the Absorption-type Company Split shall be April 1, 2013.

The Absorption-type Company Split and the amendments to the Articles of Incorporation (changes of corporate name and business purpose) are conditional on the related agenda items being approved at the 67th
Ordinary General Meeting of Shareholders scheduled to be held on June 19, 2012 and on any necessary approvals being granted by the relevant governing authorities.

Subsequent to the Absorption-type Company Split, as of April 1, 2013, the corporate name of the Company shall be changed to ANA HOLDINGS INC., and its business purpose shall be revised to be in line with the move to a holding company structure.”

Restructuring Table: