Press Release
New Consolidated Holdings Company: Konica Minolta Holdings, Inc.
Tokyo (August 5, 2003) --- Konica Minolta Holdings, Inc.
(Fumio Iwai, President & CEO)
is pleased to announce that it has formed a new integrated holding company
through management integration on August 5, 2003.
This new holding company was formed as a result of "the letter of intent
for the management integration " signed on January 7, 2003 by Konica
Corporation and Minolta Co., Ltd., and of a contract for the stock exchange
signed by both companies on May 15, 2003, in accordance with decisions from
the Boards of Directors Meetings of the both companies. Approval to enter
into this contract was received at the general shareholders’ meetings
held by Konica Corporation on June 25, 2003, and Minolta Co., Ltd. on June
27, 2003.
As previously announced, under the management of Konica Minolta Holdings,
Inc., the Company will be working to simultaneously reorganize its operations
in the fields of image information products business, optical products business,
camera business, photo imaging business, and instrument systems business,
as well as its functions as a center for technology, its functions in the
area of business expertise, and the strategic and managerial functions of
the Group as a whole. This reorganization is targeted for completion by October
1, 2003, and will serve as the basis for the formation of a new corporate
group.
[ Konica Minolta -- The New Symbol Logo ]
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