FPT And Konica Minolta Establish Software Joint Venture In Printing Sector

FPT Japan, a company in the ecosystem of FPT - an IT corporation with a presence in 30 countries worldwide and KONICA MINOLTA, Inc. (Konica Minolta) - a Japanese corporation specializing in providing digital solutions for offices with operations in 150 countries worldwide, announced that it will establish a joint venture to develop software solutions for multifunction printers globally, as well as provide services in the digitalization process specifically for offices. At the same time, through the establishment of this joint venture, the two sides will strengthen and enhance the cooperative relationship not only in technology, but also share professional experience based on the strengths of each side, promoting the development of the two companies in the Japanese market and globally. With a 59% ownership ratio, Konica Minolta will be in charge of operating the joint venture, and at the same time support management personnel and technology experts. FPT Japan will add a team of personnel to develop software services and carry out other related tasks. The joint venture is headquartered in Tokyo, Japan and will operate under the name KONICA MINOLTA FPT Solution Labs, Inc. Taking advantage of Konica Minolta's existing capabilities in the fields of imaging, data processing and creating data-based solutions and FPT's capabilities in new technology areas such as AI, Big Data, IoT, etc., the joint venture will expand its business scope by providing software solutions for multifunction printers as well as comprehensive and diverse digital transformation solutions for the office working environment on a global scale. This is a strategic move as the multifunction printer market in 30 countries is forecast to continue to grow thanks to the increase in the number of small and medium-sized enterprises globally. For example, in the US, more than 627,000 businesses will be launched each year (according to the US Small Business Administration).

FPT and Konica Minolta establish joint venture to develop smart printing solutions.

Konica Monilta is a world leader in imaging, data processing and data-driven solutions that support businesses in their business decision-making process. Through digital solutions tailored for the office, Konica Monilta is accompanying customers to exploit new potentials for growth in an increasingly competitive market. The company currently operates worldwide with headquarters in the Americas, Europe, and Asia Pacific . In 2022, Konica Monilta was recognized as the market leader in entry-level and mid-range digital production color printers in ASEAN. FPT is a global IT company, operating in 30 countries. Of which, Japan is currently FPT's largest overseas market with a network of 16 offices and development centers. With a broad development strategy, in Japan, FPT is also one of the foreign enterprises with the largest number of employees in Japan with nearly 2,900 people working directly in Japan and nearly 15,000 employees working for the Japanese market from all over the world. The company is currently providing advanced technology services to 450 large corporate customers worldwide. In nearly two decades of presence in the land of the rising sun, FPT has always focused on building a corporate culture and a positive working environment for all employees. The company's efforts have been recognized by Great Place To Work with titles such as Best Workplace in Asia, Top 100 Best Workplaces in Japan, Top 5 Best Workplaces for Women in Japan in 2022. 2023 recorded growth in FPT's business results. Specifically, revenue reached VND52,618 billion, pre-tax profit reached VND9,203 billion, up 19.6% and 20.1% respectively over the same period last year. Thereby, completing 101% of the revenue plan and 102% of the profit plan. The company currently has 70,000 employees working in countries around the world.