operating company; business firm; industrial company
Refers to a company that actually engages in business operations, as opposed to a holding company or a shell company. Often used in contrast with 持株会社 (holding company).
Our company is an operating company, not a holding company.
We need to strengthen our earning power as an operating company.
持株会社 is a holding company that owns shares of other companies, while 事業会社 is an operating company that directly runs a business.
Compound of 事業 (business, enterprise) and 会社 (company).