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.
SATO is a pioneer and leading global provider of integrated Automatic Identification and Data Collection solutions that leverage barcode, two-dimensional stacked & QR code, color code, digital watermarking, and UHF/HF/PJM RFID technologies. SATO delivers innovative end-to-end solutions to businesses as a single point responsibility for hardware, consumables, maintenance management, application software, each designed to enhance customer value. SATO solutions enable better business efficiencies and environmental protection to contribute to the development of asustainable world.
Founded in 1940, SATO is publicly listed on the first section of Tokyo Stock Exchange in Japan.It has sales and support offices in over 20 countries and is represented globally through a world-class network of partners. For the fiscal year ended March 31, 2014, it reported revenues of JPY 96,773 million (US$ 966 million). More information about SATO can be found at www.satoworldwide.com.
*Conversion is based on an average exchange rate of 1 US Dollar = 100.16 Japanese Yen.
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