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CHARLOTTE, NC – July 27, 2011 –
SATO, a leader in barcode printing, labeling, and EPC/RFID solutions,
announced today that SATO Corporation will change to a pure holding
company structure effective October 3, 2011. As a result of the newly
formed holding company, SATO Holdings, six new subsidiary companies will
be established as follows:
- SATO Corporation
- SATO Communications Co., Ltd.
- SATO Printing Co., Ltd.
- SATO Techno Lab Co., Ltd.
- SATO Mechatronics Co., Ltd.
- SATO Quality Assurance Co., Ltd.
The new parent company, SATO Holdings, will oversee these new
subsidiaries as well as the following existing subsidiaries: SATO System
Support Co. Ltd., In/Out Co., Ltd., Sankyo Printing Co., Ltd., SATO
Printing Technology Center Co., Ltd., SATO Logistics Co., Ltd., SATO
Intellectual Property Institute Co., Ltd., SATO Operations Support Co.,
Ltd., SATO Business Service Co., Ltd., and SATO Material Co., Ltd.
The restructuring decision was approved by members of the Board and
shareholders at meetings held on April 27, 2011 and June 24, 2011.
This decision enables SATO Holdings to delegate greater power and
responsibility to its sales, production, and management groups and
empowers them to assign capable employees to appropriate positions of
responsibility. The structural corporate change also allows each
subsidiary the flexibility to assign management resources in a swift and
decisive way to respond to changing market conditions and profitable
opportunities.
About SATO
SATO is a pioneer and leading global provider of integrated Automatic
Identification and Data Collection solutions that leverage barcode and
RFID technologies. SATO manufactures innovative, reliable
auto-identification systems and offers complete solutions to businesses
by integrating hardware, software, media supplies and maintenance
services. Customers rely on SATO for accuracy, labor and resource
savings helping to preserve the environment.
Founded in 1940, SATO is publicly listed on the first section of
Tokyo Stock Exchange in Japan. It has sales and support offices in over
20 countries and is represented globally through a world-class network
of partners. For the fiscal year ended March 31, 2011, it reported
revenues of JPY 78,368 million (US$ 914 million). More information about
SATO Corporation can be found at www.sato.co.jp/english.
* Conversion is based on an average exchange rate of 1 US Dollar = 85.73 Japanese Yen.
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