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Thread: Japan's Konica, Minolta in talks toward merger

  1. #1
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    Default Japan's Konica, Minolta in talks toward merger

    to form "Monica" ?

    TOKYO - Japan's Konica and Minolta are in final discussions to merge their operations and create the nation's fourth-largest precision instruments maker, the companies said today.

    Reports said the groups would merge this summer under a holding company with annual revenues of some 1.05 trillion yen (S$15.2 billion).

    They have jointly developed and produced copiers since 2000.
    Read More

  2. #2
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    Default Re: Japan's Konica, Minolta in talks toward merger

    Originally posted by ckiang
    to form "Monica" ?

    --
    "High Wired, Dream Sired"

  3. #3

    Default Re: Japan's Konica, Minolta in talks toward merger

    Originally posted by ckiang
    to form "Monica" ?



    Read More
    wat a most unfortunate news !!

  4. #4
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    Default

    I'll buy Monica man...
    "I'm... dreaming... of a wide... angle~
    Just like the ones I used to know~"

  5. #5

    Default

    Konota ??

    See my Photo Gallery at the Clubsnap

  6. #6

    Default

    it is not confirmed lar :






    TOKYO (CBS.MW) -- Konica said Tuesday that it's in talks with rival Minolta about a merger deal that would create one of Japan's leading precision instruments makers with annual sales of more than 1 trillion yen ($8.3 billion

    We've been talking with Minolta about a business integration. We need to make such a move to bolster our business and competitiveness," said Katsuyuki Sakai, a spokesperson from Konica.

    Sakai said the two companies have not finalized details of the deal, but they are planning to hold a press briefing or issue a statement early as today.

    Japan's national broadcaster NHK said earlier in the day that Konica (KNCAF: news, chart, profile) plans to set up a holding company in April, and Minolta (MNOLF: news, chart, profile) would come under it this summer.

    Konica plans to divide itself into four companies in preparation for setting up the holding company and Minolta will follow suit in dividing its business, said the Sankei Shinbun Newspaper.

    Konica's shares (JP:4902: news, chart, profile) advanced 10 yen, or 1.2 percent, to 881 yen. Minolta (JP:7753: news, chart, profile) was standing at bid-only with no sellers at 548 yen, 20 yen or 3.8 percent above its previous close. Trading in both shares resumed at midmorning after being suspended ahead of the opening.

    A merger, if approved, would create one of Japan's leading precision instruments makers, better positioning the company to compete with rivals such as Canon (CAJ: news, chart, profile) and Fuji Photo Film (FUJIY: news, chart, profile).

    Konica and Minolta have been already working together for about 2 years in the development of copiers and printers.
    Objection !!!

  7. #7

  8. #8
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    Default

    Henceforth we will have:

    Konica DiMAGE 7HI
    Konica Scan Dual III
    Konica Dynax 9

    etc.

    Regards
    CK

  9. #9

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    Integration of Management between Konica Corporation and Minolta Co., Ltd.
    TOKYO, OSAKA (January 7, 2003)
    Konica Corporation (Fumio Iwai, president, TSE4902) and Minolta Co.,
    Ltd. (Yoshikatsu Ota, president, TSE7753) herein sign "the letter of
    intent for the management Integration", as resolved this day by the
    Board of Directors of both companies for the basic agreement of an
    integration of the management of both companies based on stock swaps
    through sprit of equality.

    The new corporate group created as a result of this integration of
    management takes "The Creation of New Value" as its managerial
    philosophy, the concepts of being an "Innovative Corporation That
    Continues to Create Impressions in the Field of Imaging" and "A Global
    Market Leader That Offers Advanced Technology and Reliability" as its
    managerial visions, and "The essentials of imaging" as its corporate slogan.

    The greatest goals of this integration of management are to create a
    corporate structure that targets the top position in the industry by
    greatly strengthening competitive capabilities in our image information
    products (0ffice equipment) business, the largest business sector, and
    to further solidify our number one market position in the field of
    optical products by combining the strong optical technologies of both
    companies, and to achieve a one-trillion yen level of sales through the
    integration of the management of both companies.

    1. Goals of the Integration of Management

    In the field of image information products (office equipment), the rapid
    advancements being made in digitization and networked environment are
    resulting in drastic changes to market needs as well as to the speed of
    the development of technologies and products, including those related to
    both hardware and software. Global competition in all fields is growing
    increasingly severe. In order to survive in today's market, it is vital
    to aggressively pursue well-timed, strategic business collaborations
    that result in new levels of strength for a corporation.

    Konica Corporation positions the field of imaging as its primary
    business domain, possesses an extensive range of technologies in the
    field of imaging, and is working to expand and develop business in this
    area.

    Minolta Co., Ltd. also takes the field of imaging as its primary
    business domain, and is promoting the development of business areas
    focusing on image information products (office equipment) business,
    color output devices in particular.

    This integration of management will achieve a comprehensive integration
    of the strengths of both companies. This integration aims to strengthen
    the position of both companies to survive in this era of major global
    competition by strengthening the business competitiveness and
    profitability, to further increase corporate value, and to ensure a
    strong position in the industry.

    2. Background of the Integration of Management

    Through the business partnership formed between both companies in April
    2000 for the field of image information products (office equipment), the
    companies have been strengthening their product lineups through
    collaborative research and development, and have been achieving a
    powerful synergy through efforts such as an increase in profits in the
    area of toners and other consumables. This collaboration has also served
    to greatly strengthen the mutual trust and reliability between the
    companies.

    Through these efforts, the companies are working to strengthen their
    business competitiveness, to expand business, and increase profits. With
    the goal of expanding corporate value, the companies have determined
    that the best course of action will be to integrate their management.
    With a foundation of strong mutual trust, the top managements of both
    companies have reached a strong determination to work toward this
    integration in order to survive today's global competition, and after
    careful studies of this integration by both companies, management has
    decided to sign "the letter of intent for the management integration".

    3. The New Corporate Group

    This integration of management is based on a spirit of equality between
    the two companies. In August 2003, Konica which is to become a holding
    company in April 2003 will become the succeeding company, and through
    stock swaps with Minolta, an integrated holding company will be newly
    formed.

    In October 2003, the operations of both companies will be integrated
    through business restructuring, forming a new corporate group. (Please
    refer to the appendix-1)

    The planned new corporate group will consist of the new integrated
    holding company, six business companies, and two common function companies.

    Financial goals for this integration are for sales of 1.3 trillion yen
    and an operating profit of 150 billion yen for fiscal year 2005
    (including 50 billion yen resulting from the effects of the integration).

    The operating policies for the new group are as follows.

    1) By uniting the business strengths of both companies, work toward the
    expansion of the business of the new group as a whole, the improvement
    of competitiveness, and the increase of profitability.

    2) Work to maximize the corporate value of the group through business
    portfolio management that encompasses image information products (office
    equipment), optical products, cameras, consumer imaging products,
    medical and graphic imaging products, imaging and measuring instruments,
    etc.

    3) Realize fair and open management under a structure of new corporate
    governance.

    Overviews and strategies of the new integrated holding company, business
    companies, and companies serving common functions are given below.


    i) Overview of the New Integrated Holdings Company

    Company Name: KONICA MINOLTA HOLDINGS, INC.
    Location of Headquarters: Tokyo, Japan

    Management:

    Fumio Iwai, Director, President and Representative Executive Officer
    (Currently, President and CEO of Konica Corporation)

    Yoshikatsu Ota, Director, Vice President and Representative Executive
    Officer (Currently, President and Representative Director of Minolta
    Co.,Ltd.)

    (*Plans are for Yoshikatsu Ota*, Director, Vice President and
    Representative Executive Officer to also serve as the President and
    Representative Director of the image information product company, which
    will be the largest business company for the group.)

    The Board of Directors will consist of an equal number of directors from
    Konica and Minolta as well as directors from outside the companies.

    Fiscal Year End: March 31 of each year.

    Notification of capital and the number of shares to be issued will be
    made as soon as these matters have been decided.

    ii) Forming the New Integrated Holding Company

    Formation of the new integrated holding company will be based on a
    spirit of equality between the two companies through the stock swap. As
    a result, Konica becomes a holding company serving fully as the parent
    company, and Minolta serves fully as a subsidiary. (Please refer to the
    appendix-1)

    iii) Functions of the New Integrated Holding Company

    The goal of the new integrated holding company is to maximize the
    corporate value through business portfolio management by governing the
    group companies, and providing key functions for the managerial
    strategies of the group.

    Image Information Products (Office Equipment)

    This is the largest business company of the group. By focusing the
    strengths of Konica and Minolta, the company improves competitiveness
    through strategies within the area that will realize the number one
    position in the market.

    The principal area of business is placed in the field of input and
    output devices in networking for corporate customers focusing on MFPs
    (multi functional perpherals) and printers. Emphasis is placed on such
    growing fields as color MFPs and printers, and the high-speed digital
    copiers. The color output devices and on-demand printing, as well as the
    polymerized toner business, will be positioned as strategic fields.
    The research and development and direct sales forces will be reorganized
    and strengthened with the goal of increasing level of customer
    satisfaction. The company will also further refine its strength and
    aggressively pursue the strategic alliance.

  10. #10

    Default

    part 2 :




    Optical Products

    This business is positioned as strategic one, with an integration and
    strengthening of the optical technologies, image processing
    technologies, and high precision processing technologies in which Konica
    and Minolta specialize. Profitability and competitiveness will be
    further strengthened in the fields of optical devices such as optical
    pickup lenses, and micro camera units for mobile phones, etc., in order
    to secure the top shares in related markets.

    As the new company possesses both the plastic lens technologies of
    Konica and the glass molded lens technologies of Minolta, both
    predominant market technologies, the company responds to a wide range of
    customer needs and expand its business.

    The company actively works to expand business in display materials.

    Cameras and Consumer Imaging Products

    Both companies actively work to provide a full range of products and
    services that cover a scope extending from input to output in consumer
    imaging, such as digital cameras and color films. Also, based on the
    concept of "Ubiquitous Imaging", the company works to develop new
    products that respond to the diversified needs of customers who enjoy
    imaging (photography), to construct a business model that is linked to
    the "Ubiquitous Imaging Research Center", which will be described later,
    and to work for the early integration of both business areas.

    Integrated camera business focuses on digital cameras to increase
    business efficiency and to develop unique and distinctive products that
    meet the needs of the market. In addition to developing value-added
    products, the company aims to achieve the number one market position in
    the high value added segment and to expand the scale of its business.

    In consumer imaging business, the company works to develop business that
    emphasizes superb photo imaging in terms of sharpness, reproducibility,
    etc. With the goal of achieving sustainable growth, the company strives
    to further expand sales in emerging markets, where such products as
    color films show continuous growth. And the company reorganizes the
    structure of consumer imaging business by promoting digital photography
    and other new areas of business in matured markets such as Europe, the
    U.S. and Japan.

    Both cameras and consumer imaging products and services serve to propel
    the brand image of the new corporate group.

    Medical and graphic imaging products and measuring instruments place
    effort into securing stable profits and achieving ongoing development.

    Common Function Companies

    Technology Center

    By integrating the technologies possessed by Konica and Minolta, the
    company works to achieve advancements in the basic technologies, core
    technologies, advanced technologies, and production engineering
    technologies of the company. In addition to fostering new business, the
    company also works in line with intellectual properties strategies to
    promote technological development that targets future applications.

    The company plans to establish a new "Optical and mechanical development
    group", "Materials and processing development group" and "Software and
    Electronics development group" that will handle the administration of
    the advanced technologies and basic technologies required for the
    expansion of the group.

    The company plans to establish a new "Ubiquitous Imaging Research
    Center". For consumer imaging business and camera business, this
    research center is aimed to create new concepts and business models
    in this "ubiquitous" era.

    Common Service Company

    This company provides services such as the design of production
    facilities, logistics, environmental conservation, and information
    processing. The company also strives to offer a high value-added service
    with specialized functions.

    The Brand Name

    The corporate name used by the new integrated holding company, all
    business companies and common-function companies begin with "Konica
    Minolta".

    Product brand name is the "Konica Minolta", except for films using the
    "Konica" and cameras using the "Minolta", respectively.

    A new trademark and corporate logo is to be introduced.

    The change to the new corporate name will be adopted in August 2003 for
    the holding company. For the business companies and common-function
    companies, the new corporate name, product brand and symbol mark will be
    adopted in October 2003, and will be implemented at the time of the
    corresponding business restructuring.


    4. The Effects of the Management Integration

    (1) Image information products (Office equipment) business, which is the
    largest business sector, greatly increases competitiveness through the
    integration of specialized areas -- color products, high-speed products,
    and polymerized toner. By improving market presence, in addition to a
    great increase in the impact the group has on the market, a vast
    increase in sales is also anticipated.

    (2) Optical products business further solidifies the number one position
    by combining the specialized technologies of Konica and Minolta. A great
    expansion of micro-camera unit is expected, and the company assumes to
    achieve the top share in this area.

    (3) In camera business and consumer imaging business, the companies
    expect to achieve increases in profitability and sales through a
    complete lineup of cameras and photosensitive materials and through
    enhanced sales forces.

    (4) For all of the fields that will be integrated, efficiency will be
    increased through the reformation of the business structures of each
    company, the reorganization of corporate structures. Increased
    purchasing power enables reduction of material costs, and stronger sales
    force increases sales and profits. Through the effects of the
    integration, the group expects to achieve annual effects in profit of 50
    billion yen.

  11. #11

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    Originally posted by megaweb
    Konota ??

    Minolca sounds better lah.

  12. #12
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    Default

    i think 'Miko' sounds nicer....... ...sound like a jap girl's name......

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    Default Merger

    As stated in the plan: product brand name is 'Konica minolta',except for film using konica and camera using minolta.If that is true,then we wont have to worry so much cos future slr camera will still be named after 'minolta' provided it is still minolta mount. ... And with this merge,we probably get to see minolta new pro digital SLR sooner(ie D7-8megapixel or D9 -15megapixel using cmos and in-built colour filter.)

  14. #14
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    Default Old Minolta News Story - What Is The Latest?

    Here is a link to an old Minolta news release, dated October 18, 2001:

    http://www.dpreview.com/news/0110/01...amerachina.asp

    What is the latest? Has Minolta started dismantling any of their manufacturing in Malaysia, and/or shifted manufacturing of some of their digital cameras to Shanghai?

  15. #15
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    Default Re: Merger

    Originally posted by Ah meng
    As stated in the plan: product brand name is 'Konica minolta',except for film using konica and camera using minolta.If that is true,then we wont have to worry so much cos future slr camera will still be named after 'minolta' provided it is still minolta mount. ... And with this merge,we probably get to see minolta new pro digital SLR sooner(ie D7-8megapixel or D9 -15megapixel using cmos and in-built colour filter.)
    better yet, a digital version of the Konica Hexar RF.....now that's going to be REALLY interesting
    David Teo
    View my work and blog at http://www.5stonesphoto.com/blog

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