| Mimaki establishes a subsidiary in Jakarta, Indonesia. |
2012/01/18 |
| Nagano, Japan (January 10, 2012) - Mimaki announces the establishment of a subsidiary in Jakarta, Indonesia. |
| 1. |
The reason for the establishment |
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Mimaki group manufacture and distribute industrial wide format printers and cutting plotters. We expect the expansion of the market for our products in Southeast Asia with the progress of digitalization accompanied by economic growth in the future therein. For the purpose of creating a strong distribution network, we have established the subsidiary in Indonesia. We thereby will develop our market with offering community-based, courteous and professional services and sales systems. |
| 2. |
The outline of the subsidiary |
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| (1) |
Corporate name: PT. MIMAKI INDONESIA |
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| (2) |
Representative Director: Junichi Yoroizaka |
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| (3) |
Location: Jl.Tanah Abang I No.12-N, Jakarta Pusat 10160 Indonesia |
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| (4) |
Date of foundation: November 9th ,2011 |
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| (5) |
Main business activity:
Marketing, sales, technical service and sales promotion of Mimaki group products. |
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| (6) |
Date of closing accounting period: December 31st |
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| (7) |
Number of employees: 15 (Planned) |
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| (8) |
Capital: Rp10,000,000,000 (Approx. JPY85,000,000)*1 |
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| (9) |
Capital contribution ratio:
Mimaki Engineering Co.,Ltd. 99.5%
Mimaki USA, INC. 0.5%*2 |
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| (10) |
Opening date of business: April, 2012 (Planned date) |
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| *1) |
Currency exchange rate: Rp100/JPY0.85 |
| *2) |
Mimaki USA, Ins. is a wholly-owned subsidiary by Mimaki Engineering Co.,Ltd. |
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| 3. |
Future prospects |
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No substantial impact will be made on our consolidated business in March 2012. |
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