Konica Minolta Holdings, Inc. announces Reorganization within Group

Nieuwegein, April 2012

Konica Minolta Holdings, Inc. announces Reorganization within Group and Changes in Trade Names of Consolidated Subsidiaries

Focusing on sustainable growth, the Company has adopted a medium-term management plan, G PLAN 2013, in three years from the fiscal year ending March 31, 2012 to the fiscal year ending March 31, 2014. Under the plan, the entire Group companies have been steadily making progress in growth themes and initiatives. For the purpose of accelerating the growth across the Group, the Company decided that the optical operations at Konica Minolta Opto, Inc., a Business Company in the Group and a wholly-owned subsidiary of the Company, will be transferred to Konica Minolta Sensing, Inc., a Business Company for sensing business in the Group and a wholly-owned subsidiary of the Company. By combining technologies and human resources fostered in the optical and sensing businesses, the Company aims to develop synergy for expansion of operations and strengthen competitive edges and profitability in the businesses.

Effective from April 1st 2012, the name of the newly formed group company will be KONICA MINOLTA OPTICS, INC. with it’s headquarter location at 3-91, Daisennishi-machi, Sakai-ku, Sakai-shi, Osaka, Japan.
Mr. Toshihiko Karasaki, President of former Konica Minolta Sensing, Inc., has been named Representative Director and President of Konica Minolta Optics, Inc.

The restructuring places additional resources into areas of greatest synergy; it will improve efficiency and strengthen our ability to develop products to meet the needs of our current and future markets.
However, overseas offices of Konica Minolta Optics, Inc., with the exception of South Korea, will maintain the name of Konica Minolta Sensing in the respective areas.

Read more details