Konica Minolta to Acquire FedEx Kinko's Japan to Further Expand and Strengthen Production Print Business
Tokyo (May 10, 2012) - Konica Minolta Business Technologies, Inc. (Konica Minolta) announced that the company has signed an agreement to acquire FedEx Kinko's Japan Co., Ltd. (FKJ), the largest business convenience store provider in Japan.
Background and aim of acquisition
One of the primary growth strategies in the Konica Minolta Group's Medium Term Business Plan "G PLAN 2013" is to reinforce competitiveness in the production print business for the commercial printing and central reproduction department (CRD) markets.
Konica Minolta has been known for high customer satisfaction with its high quality products and services in the European and North American CRD market, as well as in the commercial printing market in Japan. With the aim of strengthening the competitive edges, the company is addressing priorities in the Japanese market to provide document outsourcing services, in addition to offerings with in-house production proposals for work efficiency improvement and cost reductions.
FKJ is a leading on-demand print services provider with skilled talents to deliver highly effective business proposals and sales programs tailored to various types of industries, having 49 stores which include 6 print production centers in metropolitan areas for a wide range of corporate customers.
Through this acquisition of FKJ, Konica Minolta aims to strengthen the proposal-based sales systems that meet the requirements of various types of industries with ever-changing business operations, help improve its customer-driven services and programs and provide diverse solutions for the CRD market.
With this acquisition, Konica Minolta will fully utilize FKJ's expertise to further empower its sales base and create new solution services for the customers, thereby gaining enhanced presence in the CRD market.
Method of acquisition
Konica Minolta concluded the sales agreement with U.S.-based FedEx Kinko's International, Inc. on April 26, 2012, to acquire 100% stake of FKJ. The stock acquisition has already been filed to the Japan Fair Trade Commission, after whose approval the transaction is expected to close (estimated closure date: May 31, 2012).
FKJ's company name will become Kinko's Japan Co., Ltd. from June 1, 2012, onwards and its service stores and online services will continue to run under the "Kinko's" brand.
Going forward, Konica Minolta will strive to deliver innovative solutions and services that fulfill diverse needs of the customers, under the Communication Message "Giving Shape to Ideas," and further increase corporate value of the entire Group.
Overview of FKJ
|Company name||FedEx Kinko's Japan Co., Ltd.|
|Founded||December 24, 1991|
|Headquarters||Yasuda Union Bldg., 7F, 2-4-2 Nishishimbashi, Minato-ku, Tokyo, Japan|
|Capital||927.5 million yen|
|Representative||Kiyotaka Suhara, Country Manager|
|Number of employees||Approximately 800|
|Number of service stores and centers||49 stores, including 6 print production centers in metropolitan areas|
|Business domain||On-demand output services for documents including printing and bookbinding.|