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| Epson Name Change |
International Release: Sanyo Epson Imaging Devices Corporation has announced
that it will change its name to Epson Imaging Devices Corporation in accordance
with its becoming a wholly owned subsidiary of Seiko Epson Corporation ("Epson")
on December 28, 2006. Changes to the company's management structure are also to
be resolved at a special shareholders' meeting and a board of directors' meeting,
to be held on the same day.The new management structure accompanying the name change will consolidate the company's headquarters operations in Matsumoto and introduce a system of prompt decision-making and organizational management to complement the structural reorganization that was implemented on December 21. The company is thus fully engaged in the pursuit of an operational strategy - based on Epson's "Creativity and Challenge 1000" mid-range business plan announced on March 16, 2006, that aims to improve earnings and maximize corporate value. As the company becomes a wholly owned Epson subsidiary, it will further deepen collaborative ties with the Epson Group and expedite the ongoing structural reorganization of its business operations while enhancing its ability to offer high quality, broad support, and fast response to the customer in aiming to become a leading supplier of small- and medium-sized liquid crystal displays. Corporate Profile of Epson Imaging Devices Corporation 1. Company Name: Epson Imaging Devices Corporation 2. Head Office: 6925 Toyoshina Tazawa, Azumino-shi, Nagano (current Matsumoto Head Office) * The current Tokyo Head Office will be renamed the Tokyo Sales Office. 3. Board of Directors: President: Shuji Aruga Senior Managing Director: Yuzo Ichinose Managing Director: Motoharu Komatsu Director: Hidehiko Seki Director: Masaru Shingu Auditor (full-time): Kimio Takemori Auditor (part-time): Kanji Kusabuka Auditor (part-time): Masahiro Koyama (newly appointed) * Executive Vice-President Takuya Kobayashi is due to retire and become a corporate advisor of Epson Imaging Devices Corporation following the December 28 special shareholders' meeting. * Director Kazuhiro Yoshida and Auditor (part-time) Yasuo Nakayama are due to retire following the December 28 special shareholders' meeting. 4. Paid-in Capital: 18 billion yen (Near AU$200 million) (100% owned by Seiko Epson Corp.) 5. Website: http://www.epson-imaging.com/e (from approximately 11:00 a.m., December 28, JST) |
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Epson Global
Epson is a global imaging and innovation leader that is dedicated to exceeding the vision of customers worldwide through its compact, energy-saving, high-precision technologies, with a product lineup ranging from printers and 3LCD projectors for business and the home, to electronic and crystal devices.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises over 70,000 employees in 106 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates. http://www.epson.co.jp/e
Environmental Vision 2050
Building on its history of environmentally-conscious activities, Epson is now striving to achieve its challenging Environmental Vision 2050. For more details on Epson's sustainability initiatives, see http://eco.epson.com/
Epson Australia
Epson offers an extensive array of award winning image capture and image output products for the consumer, business, photography and graphic arts markets, and is also a leading supplier of value-added point-of-sale (POS) solutions for the retail market. Epson is the market leader worldwide in sales of data projectors [DTC Consulting Limited figures]. Epson's products meet consumer and business customer needs for superior quality colour image reproduction (printers), projection (projectors) and capture (scanners) devices with high-level functionality, compactness, systems integration and energy efficiency. Epson Australia, founded in 1983 is headquartered in North Ryde NSW and is a subsidiary of the Epson Group headquartered in Japan.
