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.
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SATO (TOKYO:6287) bridges the last inch of the last mile for customers by integrating Auto-ID technologies and revolutionary materials to tag and track items, ensuring inventory visibility for improved user experience and business results. Engineering solutions that unleash the power of IoT, SATO provides value to customers in the form of accuracy, sustainability, labor and resource savings, reassurance and emotional connections. For the fiscal year ended March 31, 2017, it reported revenues of JPY 106,302 million (US $980 million*). More information about SATO can be found at www.satoworldwide.com or on linkedin and twitter.
*Conversion is based on an average exchange rate of 1 US Dollar = 108.34 Japanese Yen