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We are pleased to announce the plan to undergo a company split (incorporation type company split) and establish NK Works Co., Ltd. (Hereinafter 哲K Works? was given final approval at a shareholder痴 meeting held on January 19, 2011. The transition of Noritsu Koki to a holding company system, as well as the above mentioned company split and the establishment of NK Works are effective as of February 1, 2011.
This move will enable us to make a clear separation of management functions and executive functions. Under this new alignment, the holding company will be able to gain better access to good information and be better able to decide strategic policies and make corporate decisions, and the subsidiaries will be able to specialize in business activities and execute actions quickly and flexibly. This will also provide enhancement and reinforcement in the ability of the managerial team to function, which will improve our level of competitiveness and efficiency as a group, and thereby maximize our corporate value.
The newly established NK Works will be the core company in the Noritsu Group, and as such it will play the important role of strengthening our main business the imaging business. In doing so NK Works will concentrate its efforts on minilabs and related equipment, while at the same time also seeking opportunities to expand its skilled manufacturing business into new fields of growth.
We look forward to serving our customers under the new Noritsu group structure, and we hope we can receive the same positive support that Noritsu has enjoyed up to this point.
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