President’s Message
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December 19, 2014
Decision Regarding Group Reorganization from April 1, 2015
At a Meeting of the Board of Directors today, the decision was made to reorganize our Group on
April 1, 2015. Accordingly, the decision has been disclosed to the Tokyo Stock Exchange on a
timely basis.
This spring, approval was given by the Board to start considering a merger of the three
companies OT (Corporate and Science), OMSC (Medical) and OIMC (Imaging). Thereafter, a
project team was established and relevant matters regarding the merger have been under
consideration. As a result, it has been judged that the merger is both feasible and offers ample
potential advantages.
To ensure necessary government approvals and licenses, as well as regulatory compliance, in
the Medical Business, OMSC will remain as a corporate entity. However, the three companies
basically will be merged into a single company, OT, which will serve as the global headquarters
that administers the three former businesses. All employees who currently belong to OMSC and
OIMC will be transferred to OT. Some employees working at OMSC, where some functions will
remain, will be seconded from OT to OMSC. Naturally, there will be no change in employees’
current status or terms of employment.
I would like to thank everyone involved in this project for their hard work so far. From here on, we
will now be taking practical steps toward the reorganization on April 1. People who become newly
involved in the reorganization following today’s decision will also be required to begin making
preparations in their workplaces. I ask these people as well to identify the key issues in their
workplaces and then begin their thorough preparations, making sure that nothing is left out.
As I mentioned in my President’s Message Regarding Olympus Management Forum, this is not
an effort simply to turn three companies into one. Rather, it is our plan to reorganize as a new
company suited to matrix management, looking beyond our Medium-term Business Plan.
In sum, the main purpose of this reorganization and other related changes is to allocate our entire
corporate resources optimally and to maximize their usage. This will enable us to respond more
promptly to changes in our business environment, ultimately to achieve further growth as One
Olympus.
Very little time remains in 2014, and there are just three months until the end of 147P, before the
actual merger takes place. Let us work to these goals in unison and with enthusiasm, while
remaining mindful of your physical health, to achieve our targets for 147P and then a new One
Olympus from April.
Hiroyuki Sasa
President and Representative Director