Kikkoman Corp. has reportedly indicated that it plans to switch to a holding company system from October.

According to a report in the Kyodo News, the Japanese soy sauce maker said that the move would enable it to maximise the corporate value of its group operations.

The company will spin off three operations - foodstuffs, beverages and administration - that it will continue to own as a holding company.

The move is in line with Kikkoman's ''Global Vision 2020'' plan, adopted last year to boost worldwide sales, the Tokyo-based company said.