With a capital of 3 million yen, Dr. Kazuo Inamori founded Kyoto Ceramic Co., Ltd. in April 1959. The company specialized in fine ceramics, and started out with headquarters, a factory and 28 staff members. This company soon became known as Kyocera.
One of Kyocera’s wholly owned subsidiaries is Kyocera Mita Corporation. Below is a brief history of how this corporation started out and how it is doing at present.
In January 2000, Kyocera acquired Mita Industrial Co., Ltd., which was an established photocopier manufacturer. The two innovative companies merged to form Kyocera Mita Corporation. The newly established corporation set up its headquarters in Osaka, Japan.
In 2003, Kyocera Mita President Koji Seki, announced that the corporation was entering a strategic alliance with TA Triumph-Adler AG. TA Triumph-Adler AG was a leading office information equipment distributor located in Germany and other countries in Europe.
In the same year, the company president Koji Seki also announced that the company was changing its corporate brand symbol to the brand symbol of Kyocera. It was believed that with the subsidiary’s alignment to the Kyocera brand, the Kyocera name would become a more recognized and established brand symbol of cutting-edge technology.
In 2005, Kyocera Mita was named the most reliable copiers and multifunctional printers based on the Industry Analysts’ Copier Dealer Reliability Survey. The survey asked respondents to rate a company brand according to categories such as Parts Reliability, Product Reliability When First Introduced, Ongoing Reliability and Product Service Profitability.
Once more, Industry Analysts, Inc. awarded Kyocera Mita as the most reliable copiers and multifunctional printers. The corporation also won this prestigious award in 2002, 2003, and 2005.
In November 2008, Katsumi Komaguchi, President of Kyocera Mita Corporation, announced that it would submit a voluntary public takeover offer to the shareholders of its ally, TA Triumph-Adler AG. The acceptance period for the Takeover Offer started on December 16, 2008 and was set to expire on January 13, 2009.
In January 2009, the Takeover Offer was accepted for 11,799,656 TA Triumph-Adler AG shares. The Kyocera Mita Corporation was able to obtain a secured total shareholding of roughly 88.69% in TA Triumph-Adler AG. TA Triumph-Adler GA has become Kyocera Mita’s consolidated subsidiary.
Today, Kyocera Mita is a frontrunner in networked document management systems. The company carries products that offer the complete solution to print, scan, copy, and fax requirements. This corporation manufactures and sells color and monochrome printers, wide format systems, multifunctional products, and other parts and supplies. Kyocera Mita’s products are advanced, reliable, environmentally friendly, and offer a low Total Cost of Ownership.
At present, Kyocera Mita Corporation has over 25 sales and service companies, 3 production plants and 1 logistics center.
This Article is written by John C Arkin.
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