OKI Merges Group Logistics Company into OKI Proserve
TOKYO, December 1, 2010 -- OKI Electric Industry (TSE:6703) has announced the merger of OKI Logistics, an OKI Group company specializing in logistics, into OKI Proserve, a Group company responsible for providing indirect operating services. OKI Proserve plans to strengthen its management basis by streamlining logistical operations within the OKI Group. The expertise and systems amassed through OKI Logistics’ long experience in the field of logistics will be integrated at OKI Proserve into a framework for streamlining general shared Group functions.
OKI is currently in the midst of reconfiguring its management into a Group consolidated style, as announced in the mid-term business plan. It is taking various measures aiming to maximize profitability under consolidated management. Reorganizing Group companies had been a key focus for maximizing profitability, allocating resources optimally, and reducing operational costs. OKI is currently taking proactive action in all these areas.
Overview of the companies involved in the merger
| Company name | OKI Logistics | OKI Proserve (Merging company) |
|---|---|---|
| Address | 1-13-5 Eitai, Koutou-ku, Tokyo, Japan | 4-11-22 Shibaura, Minato-ku, Tokyo, Japan |
| President | Tadao Yoshida | Hideo Shinokakimoto |
| Establishment | 1981 | 1978 |
| Capital | 100 million yen | 321 million yen |
| Employees | Approx. 110 | Approx. 650 |
| Business | Logistics and logistical consulting related to electronics, telecommunications equipment, ICs and other devices as well as vehicular transport business. | General shared functions for the OKI Group in Japan (e.g., facilities, human resources, design operations etc.,) |
About OKI Electric Industry (OKI)
Founded in 1881, OKI Electric Industry is Japan's leading telecommunications manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its info-telecom systems and printer operations. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at http://www.oki.com/.
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