Press Release: SATO Group Launches SATO International to Advance Global Growth Strategy, Targets Overseas Sales Ratio of 40% By 2020
Tokyo, January 8, 2015– SATO, a global leader in barcode printing, labelling, and EPC/RFID solutions, today announced the official launch of SATO International, a new group company that will be located in Tokyo, Japan. The company will integrate and drive all aspects of overseas business activities including boosting earnings, improving group synergy, crafting and executing global strategy, supporting sales activities and customer management.
To ensure the rapid execution of the Group’s strategy, Kaz Matsuyama, President and CEO of SATO Holdings, will also serve as the head of SATO International, allowing for central management of global business operations and close cooperation between the headquarters and overseas group companies.
Yasuhiro Tanabe, who joined SATO in 2014, has been appointed as Vice President of the newly formed company. Prior to joining SATO, Mr. Tanabe spent close to 20 years at Sony in a variety of roles from product planning, marketing and sales, to production and general management. He also spent eight years of his career working in North America and Asia. Building on his extensiveexperience,Mr.Tanabe will play a key in role in steering SATO’s business operations and fine tuning its strategies in overseas markets.
“Globalization and maximization of customer value are two core components of our long-term strategy,” said Kaz Matsuyama, President and CEO of SATO Holdings.“SATO International willdrive that strategy, expanding our market share and reach,allowing us to effectively provide customers with end-to-end Auto-ID and Data Capture solutions on a truly global scale.”
After a decade of growth in overseas markets, SATO currently has offices in 24 countries and a business presence in over 90 countries. In 2003 the company generatedJPY 10.1 billion in overseas sales, which accounted for roughly 17% of total revenue. By 2013, sales figures nearly tripled,with JPY 28.3 billion in overseas sales, and a total of 29% of all revenue coming from outside of Japan. SATO istargeting a 40% overseas sales ratio for 2020, and expects to see JPY 60 billion in revenue from markets in the Americas, Europe and Asia Pacific.Looking beyond 2020, the company expects to eventually achieve a 70% overseas sales ratio as SATO expands into new regions and increases its market share.
### For Media Enquiries: Adam Hogue Public Relations Group SATO Holdings Corporation [email protected] Tel: +81-(0)3-5745-3412
About SATO
SATO (TOKYO: 6287) designs and manufactures hardware, labels, and tags, and develops software to integrate with third-party offerings as automatic identification solutions. These solutions streamline workflows, enabling data capture and visualization for a connected world of productivity, safety, reassurance and sustainability. By giving things a digital identity, SATO helps businesses in retail, manufacturing, food, health care and transport & logistics run smoothly. Founded in 1940, SATO has a presence in 26 countries with a workforce of over 5,700. For the fiscal year ended March 31, 2024, it reported revenues of 143,446 million yen ($992 million*)
For more information about SATO, please visit www.sato-global.com.
*Based on an average exchange rate of 1 USD = 144.58 JPY
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Media Inquiries - SATO Holdings
For Media Inquiries:
Kevin Leidheiser,
Public Relations Group,
SATO Holdings Corporation
[email protected]
Tel: +81-3-5745-3412