The exemption extends to the grant of leases between group companies.

Alternatively, the business may be run as divisions of separate group companies.

In all the group companies, the process is well advanced.

The division has the largest manpower among the group companies with a staff strength of over 130.

Most of the group companies maintain a low profile and follow a conservative management style.

However, it can, instead, allocate all or part of the tax overpaid to another group company with the same accounting period.

Its group companies have more than 11,000 staff in 65 offices on six continents.

After four years he moved to the group company, beginning in 2010.

Other group companies provide asset management, research and private equity fund services.

Some of the group companies also produce hydroelectric power.