News Releases details

Konica Minolta Holdings, Inc. announces establishment of new subsidiaries in People's Republic of China as hereunder stated.

Konica Minolta, in order to fully strengthen Konica Minolta Group's sales force in the Chinese market, has decided to establish an investment company (holding company) 100 per cent owned by Konica Minolta. In addition, we will establish a manufacturing company under the above mentioned holding company to meet with further expanding demand of digital MFPs (Multi-Functional Peripherals) and laser-beam printers.

2-1. Investment Company (Holding Company)

1) Company Name:

KONICA MINOLTA (CHINA) CO., LTD.

2) Representative:

To be decided

3) Location:

Shanghai, People's Republic of China

4) Establishment:

February 2005 (plan)

5) Paid-in-Capital:
(Registered Capital)

US$35 million
 

6) Shareholders:

100% owned by Konica Minolta Holdings, Inc.

7) Business Activities:

Information research activities within China, promotion of the Konica Minolta brand establishment, and common function assistant and support to the Konica Minolta Group companies within China

2-2. Manufacturing Company

1) Company Name:

KONICA MINOLTA BUSINESS TECHNOLOGIES (WUXI) CO., LTD.

2) Representative:

To be decided

3) Location:

Wuxi, Jiangsu, People's Republic of China

4) Establishment:

December 2004 (plan)

5) Paid-in-Capital:

US$35million

6) Shareholders:

85% owned by the above investment company,
15% owned by Konica Minolta Business Technologies, Inc.

7) Business Activities:

Manufacture and development of office equipment, such as digital MFPs and laser-beam printers, and related components

Regarding forecast results for fiscal 2005 ending March 31, 2005, the influence of the investment incurred in relation with the establishment of the new companies is expected to be slight.