Nissan Motor plans to relocate its Infiniti brand’s headquarters back to Japan from Hong Kong to “create more operational efficiencies” with the parent company, reported, citing Reuters.

The move is scheduled for mid-2020 and will be announced later this week, the report said. It will help cut costs amid disappointing global earnings in the fiscal year 2018 ended March 31.

Nissan’s global operating profit fell 45% in the last fiscal year and may drop another 28% in this year, the report said, citing company filings.

The relocation will further integrate (Infiniti) with global design, research and development and manufacturing functions based in Japan, Nissan said in a statement, adding that Infiniti would continue to operate independently.

Infiniti headquarters was moved to Hong Kong in 2012 in efforts to build a more global image.