LFP - Large-Format-Printing
Announcement Regarding the Establishment of Sales Subsidiary in China
Wednesday 22. August 2012 - Roland DG Corporation (Stock Code: 6789) hereby announces that its board of directors resolved at a meeting on August 7, 2012 to establish a wholly-owned sales subsidiary in Shanghai, the People's Republic of China ("PRC").
In view of future business prospects in emerging countries in Asia, we have been taking various measures to further strengthen our cost competitiveness as well as our business ability to meet the needs of each fast-growing local market in a timely manner. To this end, we have established a manufacturing subsidiary in Thailand, and we also rearranged the sales structure of the group. With the establishment of the sales subsidiary in PRC, we seek to engage in direct marketing to the Chinese market and enhance our brand recognition.
1.) Name: Roland DG (Shanghai) Corporation (tentative) 2.) Address: No. 2299 Yan An Road West, Shanghai, Zip Code 200336, PRC 3.) Representatives:
Chairman: Wataru Suzuki (Executive Director of Roland DG Corporation) CEO: Tetsuya Kobayashi (Executive Officer of Roland DG Corporation, East Asia region project manager)
4.) Business Operations: Sales and maintenance of computer peripherals and devices, and procurement of parts in the Chinese market
5.) Capital: RMB 16,000,000 (approx. JPY 200 million) 6.) Shareholder:RolandDGCorporation(100%) 7.) DateofEstablishment:October,2012(tentative) 8.) Fiscal Year End: December 31
The impact on our consolidated financial results for the fiscal year ending March 31, 2013 is expected to be minimal.