REG-Sony Corporation Establishment of Sony Olympus Medical Solutions Inc.<6758.T>

Tue Apr 16, 2013 6:00am EDT

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TOKYO--(Business Wire)--


Koyasu 4-7-1, Hachioji, Tokyo 

Sony Olympus Medical Solutions Inc. 

April 16, 2013 

Establishment of Sony Olympus Medical Solutions Inc. 

"Sony Olympus Medical Solutions Inc." has been newly established as of April 16,
2013 as a medical business venture of Sony Corporation ("Sony") and Olympus
Corporation ("Olympus"). 

Sony Olympus Medical Solutionsaims to align Sony`s cutting-edge electronics
technologies in areas such as digital imaging with Olympus` manufacturing and
R&D expertise in the area of medical products including lenses and optical
technologies in order to bring high-quality medical care to as many people as
possible, and contribute to medical advancement worldwide. Sony Olympus Medical
Solutions plans to develop, design, manufacture, and market new innovative
medical products such as surgical endoscopes and related systems and also plans
to establish a new medical and imaging systems solutions business to deliver
comprehensive solutions for operating rooms worldwide. 

The Sony Olympus Medical Solutions logo symbolizes the integration between the
two companies and the innovation Sony Olympus Medical Solutions aims to bring to
the field of medical surgery resulting in comfort and wellness to patients,
doctors and people all over the world. 

Comment from Kazuo Hirai, President and CEO, Sony Corporation

At Sony, we are targeting the medical business for mid- to long-term growth, and
we have been engaged in several initiatives to expand this business. I am very
excited that we have established this new joint venture, which will be core to
these efforts. We will channel our cutting-edge imaging technologies, resources
and assets into the new venture. 

By integrating these with Olympus` wealth of knowledge and expertise in medical
technologies and business, I am confident the new company will bring innovation
to the medical industry and achieve great success. 

Comment from Hiroyuki Sasa, Representative Director and President, Olympus
Corporation

In establishing this joint venture with Sony, a world leader in imaging
technology, we have taken a step toward the future of medical treatment. The
medical business is a driver for profit and growth at Olympus, and we have
targeted the "drastic growth of our surgical business" as a key strategy. By
combining the two companies' technologies and taking maximum advantage of the
resulting synergies, I believe we will be able to make a contribution to world
medical progress through innovative new medical devices developments that
Olympus could not achieve on its own.

                                                                                                                                                                                              
 Overview of Sony Olympus Medical Solutions Inc.                                                                                                                                              
                                                                                                                                                                                              
 - Date of Incorporation          April 16, 2013                                                                                                                                              
                                                                                                                                                                                              
 - Stated Capital                 JPY 50 million (Sony 51%, Olympus 49%)                                                                                                                      
                                                                                                                                                                                              
 - Headquarters                   Koyasu 4-7-1, Hachioji, Tokyo, Japan                                                                                                                        
                                                                                                                                                                                              
 - Officers                       President and Representative Director                                                                                                                       
                                  Toru Katsumoto                                                                                                                                              
                                                                                                                                                                                              
                                  Executive Vice President and Representative Director                                                                                                        
                                  Takashi Fukaya                                                                                                                                              
                                                                                                                                                                                              
                                  Director, General Manager of Business Planning Dept.                                                                                                        
                                  Toshiya Oji                                                                                                                                                 
                                                                                                                                                                                              
                                  Director, General Manager of Product Development Dept.                                                                                                      
                                  Noboru Shibutani                                                                                                                                            
                                                                                                                                                                                              
                                  Director (non-full-time)                                                                                                                                    
                                  Tadashi Saito                                                                                                                                               
                                  Akihiro Taguchi                                                                                                                                             
                                  Masahiko Kinukawa                                                                                                                                           
                                                                                                                                                                                              
                                  Auditor (non-full-time)                                                                                                                                     
                                  Takashi Harada                                                                                                                                              
                                  Akimasa Wakabayashi                                                                                                                                         
                                                                                                                                                                                              
 - Type of Business               (1) Develop, design, manufacture, and sell high resolution technologies of 4K and above, new surgical endoscopes with 3D capabilities, and related systems  
                                  (2) Provide comprehensive medical and imaging device solutions for operating rooms and other medical arenas                                                 
                                                                                                                                                                                              
 - Accounting Period              From April 1 through March 31                                                                                                                               


Sony Corporation 

Copyright Business Wire 2013

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