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Reorganisation of the Konica Minolta Group Companies on October
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Konica Minolta Holdings, Inc. TOKYO (September 30, 2003) 06/10/2003
Through reorganisation of business segments of Konica Minolta to maximize integration effects and synergy. Konica Minolta Holdings, Inc. will oversee the Group as a holding company, promote business portfolio management, and increase managerial transparency, to maximize corporate value.
Following the announcement of the management integration in January 2003, Konica Corporation and Minolta Co., Ltd. signed stock swap agreement in May, and through attaining approvals of stock swap agreement at the meetings of shareholders in June, integrated management on August 5, 2003. The fact that Konica and Minolta realized the integration in an extremely short term of merely 9 months from the January announcement to the reorganization on October 1, 2003, shows an example of "Speed Management", which is one of the corporate policies. Also, the basic integration scheme is finalized as scheduled through reorganization of October 1, and a new Konica Minolta Group will launch as a completely new enterprise.
Konica Minolta Group enshrines "the creation of new value" as its management philosophy with the vision to become "an Innovative corporation that continues to create inspiring products and services in the field of imaging" and "a global corporation that leads the market by advanced technologies and reliability." And its corporate message, "the essentials of imaging," represents our wish to be acknowledged as an essential company, by offering essential products, services and solutions to customers in the world of imaging. Furthermore, Konica Minolta outlined the following four points as its basic principles to accomplish these goals:
- Obtaining a dominant position in the areas where the company can demonstrates its strength.
- Achieving a sustainable development as well as establishing a solid financial position.
- Creating open and fair environment with a global vision.
- Developing the world's most advanced technologies and having the ability to come up with revolutionary ideas.
On the basis of the new business strategies, each business company will strive to become a global corporation by maximizing reorganization effects and synergy, strengthen competitiveness, and accomplish dominant position in the leading segments.
