Konica Minolta : (Progress of Disclosure Matters) Notice on Establishment of a Joint Venture with CHANGE Inc. through a Company Split (Simplified Incorporation-type Company Split), Assignment of Shares of the New Subsidiary and Capital Increase by Third Party Allotment
January 25, 2022 at 10:46 pm EST
Share
January 26, 2022
To whom it may concern,
Company Name: Konica Minolta, Inc.
Representative: Shoei Yamana, President and CEO
Stock Exchange Listing: Tokyo (First Section)
Local Securities Code Number: 4902
Contact: Mami Iwamoto, General Manager, Corporate Communications Division
Tel: (81) 3-6250-2111
Konica Minolta, Inc. announces that it has determined the name of the company to be incorporated described in the previous disclosure, "Notice on Establishment of a Joint Venture with CHANGE Inc. through a Company Split (Simplified Incorporation-type Company Split), Assignment of Shares of the New Subsidiary and Capital Increase by Third Party Allotment" (the "Notice") dated December 24, 2021. At the time of the previous disclosure, the name of that company had been outstanding. The determined name is shown in the table below.
The item number is consistent with the number in the Notice. The item which was outstanding but has now been determined is underlined.
Company to be Incorporated
(Planned for April 1, 2022)
(1)
Company name
Govmates Inc.
(2)
Location
2-7-2 Marunouchi, Chiyoda-ku, Tokyo
(3)
Representative
President
Mikio Beppu
(4)
Business overview
■ Support for local governments' DX through BPR
■ Software development business to support the local government DX
■ Other business incidental to each of the above items
(5)
Share capital
100 million yen
(6)
Date of establishment
April 1, 2022 (planned)
(7)
Number of issued shares
200 shares
(8)
Fiscal year-end
March 31
(9)
Major shareholders and shareholding ratio
Konica Minolta, Inc. 100%
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Konica Minolta Inc. published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 03:45:08 UTC.
Konica Minolta, Inc. specializes in the design, manufacturing and marketing of printing, photography, medical imaging and measuring equipments. Net sales break down by family of products as follows:
- office equipments (51.1%);
- professional printing equipment (21.4%): laser printer, consumables, multifunctional peripherals, etc.;
- electronic and optical equipments (15.3%): plastic and molded glass lenses, display components, screen, memory units, etc.;
- medical equipments (12.1%): primarily imagery and graphic equipments and measuring equipments;
- other (0.2%).
Net sales break down geographically as follows: Japan (19.5%), China (10.5%), Asia (9.4%), Europe (28.6%), the United States (25.3%) and other (6.7%).
Konica Minolta : (Progress of Disclosure Matters) Notice on Establishment of a Joint Venture with CHANGE Inc. through a Company Split (Simplified Incorporation-type Company Split), Assignment of Shares of the New Subsidiary and Capital Increase by Third Party Allotment
KONICA MINOLTA, INC. 
