Breaking News

Tweet TWEET

SON: Sony Corporation: Establishment of Sony Olympus Medical Solutions Inc.

  SON: Sony Corporation: Establishment of Sony Olympus Medical Solutions Inc.

UK Regulatory Announcement

TOKYO

                                                 Koyasu 4-7-1, Hachioji, Tokyo

                                           Sony Olympus Medical Solutions Inc.

                                                                April 16, 2013

             Establishment of Sony Olympus Medical Solutions Inc.

“Sony Olympus Medical Solutions Inc.” has been newly established as of April
16, 2013 as a medical business venture of Sony Corporation (“Sony”) and
Olympus Corporation (“Olympus”).

Sony Olympus Medical Solutions  aims to align Sony’s cutting-edge electronics
technologies in areas such as digital imaging with Olympus’ manufacturing and
R&D expertise in the area of medical products including lenses and optical
technologies in order to bring high-quality medical care to as many people as
possible, and contribute to medical advancement worldwide. Sony Olympus
Medical Solutions plans to develop, design, manufacture, and market new
innovative medical products such as surgical endoscopes and related systems
and also plans to establish a new medical and imaging systems solutions
business to deliver comprehensive solutions for operating rooms worldwide.

The Sony Olympus Medical Solutions logo symbolizes the integration between the
two companies and the innovation Sony Olympus Medical Solutions aims to bring
to the field of medical surgery resulting in comfort and wellness to patients,
doctors and people all over the world.

Comment from Kazuo Hirai, President and CEO, Sony Corporation

At Sony, we are targeting the medical business for mid- to long-term growth,
and we have been engaged in several initiatives to expand this business. I am
very excited that we have established this new joint venture, which will be
core to these efforts. We will channel our cutting-edge imaging technologies,
resources and assets into the new venture.

By integrating these with Olympus’ wealth of knowledge and expertise in
medical technologies and business, I am confident the new company will bring
innovation to the medical industry and achieve great success.

Comment from Hiroyuki Sasa, Representative Director and President, Olympus
Corporation

In establishing this joint venture with Sony, a world leader in imaging
technology, we have taken a step toward the future of medical treatment. The
medical business is a driver for profit and growth at Olympus, and we have
targeted the “drastic growth of our surgical business” as a key strategy. By
combining the two companies' technologies and taking maximum advantage of the
resulting synergies, I believe we will be able to make a contribution to world
medical progress through innovative new medical devices developments that
Olympus could not achieve on its own.


Overview of Sony Olympus Medical Solutions Inc.

- Date of Incorporation     April 16, 2013
                                
- Stated Capital                JPY 50 million (Sony 51%, Olympus 49%)
                                
- Headquarters                  Koyasu 4-7-1, Hachioji, Tokyo, Japan
                                
- Officers                      President and Representative Director
                                Toru Katsumoto

                                Executive Vice President and Representative
                                Director
                                Takashi Fukaya

                                Director, General Manager of Business Planning
                                Dept.
                                Toshiya Oji

                                Director, General Manager of Product
                                Development Dept.
                                Noboru Shibutani

                                Director (non-full-time)
                                Tadashi Saito
                                Akihiro Taguchi
                                Masahiko Kinukawa

                                Auditor (non-full-time)
                                Takashi Harada
                                Akimasa Wakabayashi

                                (1) Develop, design, manufacture, and sell
- Type of Business              high resolution technologies of 4K and above,
                                new surgical endoscopes with 3D capabilities,
                                and related systems
                                (2) Provide comprehensive medical and imaging
                                device solutions for operating rooms and other
                                medical arenas

- Accounting Period             From April 1 through March 31

Contact:

Sony Corporation
 
Press spacebar to pause and continue. Press esc to stop.