FOR IMMEDIATE RELEASE

Hitachi-Omron Terminal Solutions Transfers Shares of Production
Subsidiary in the Philippines and Switches to Production Outsourcing
Seeks to optimize global production sites and enhance market responsivenessTokyo, October 7, 2019 --- Hitachi-Omron Terminal Solutions, Corp. (“Hitachi-OmronTerminal Solutions”) has concluded a share transfer agreement to transfer all
outstanding shares of Hitachi Terminals Mechatronics Philippines Corporation(“Hitachi Terminals Mechatronics Philippines”), a Philippines-based company with
100% share owned by Hitachi-Omron Terminal Solutions, to electronic devicemanufacturer Mikuni Toyo Co., Ltd. (“Mikuni Toyo”). Components such as the card
readers and banknote/coin cassettes for ATMs those have been produced by Hitachi
Terminals Mechatronics Philippines will be produced under contract with Mikuni Toyo
moving forward.
Recent trend is showing that market is transitioning to cashless payments and newservices being launched by FinTech companies more than ever. Hitachi-Omron
Terminal Solutions has pursued the expansion of its solutions business with superior
products and technologies utilizing its strong customer base. At the same time, thecompany has been working to optimize its production structure in response to market
changes by the efforts including streamlining domestic production sites, theestablishment of a joint venture company with local companies in China, and thelaunch of a production site in India in 2016.
Since its establishment in 1989, Mikuni Toyo has been assembling and processing
electronic devices and PCBs*1. The company has established a track record ofaccepting subcontracted production ranging from automotive components such as
drive recorders to control units for elevators and other equipment, and it has deliveredto a wide range of industries. Mikuni Toyo has been EMS*2 supplier of Hitachi-Omron
Terminal Solutions deposit machine for retail back office over years, which in turn,built up strong partnership.
With this share transfer, Hitachi-Omron Terminal Solutions will strengthen its
partnership with Mikuni Toyo and continue to provide reliable, high-quality products.
Moreover, by optimizing its global production strategy, Hitachi-Omron TerminalSolutions will strengthen its production of mechatronics which have been one of thecore competencies of Hitachi-Omron Terminal Solutions since its establishment.
*1 printed circuit board*2 electronics manufacturing service- more --2-

About Mikuni Toyo Co., Ltd.
Company Name

Mikuni Toyo Co., Ltd.

Representative

Kenichi Kiga, Representative Director

Headquarters

Yokohama, Kanagawa Prefecture

Business Sites

Yokohama (Kanagawa Prefecture), Uonuma (Niigata Prefecture),
Batangas (Philippines)

EstablishedMarch 1989

Employees

115 (as of December, 2018)

Business Activities

Automotive accessories such as drive recorders, mounting of electronic
substrates, assembly and processing of car-mounted devices, etc.

About Hitachi Terminals Mechatronics Philippines Corporation
Company Name

Hitachi Terminals Mechatronics Philippines Corporation

Representative

Tatsuya Oguri, President

Headquarters

Subic (Philippines)

EstablishedApril 1998

Employees

Approximately 250 (as of October, 2019)

Business Activities

Production of card reader products, banknote/coin cassettes and module
units for ATMs, etc.

About Hitachi-Omron Terminal Solutions, Corp.
Hitachi-Omron Terminal Solutions, Corp. headquartered in Tokyo, Japan, is a memberof the Hitachi Group and a leading vendor of cash recycling ATMs in the world.
Hitachi-Omron Terminal Solutions provides highly reliable ATMs and bank systems
that address real user needs. The company supports a secure, safe, and comfortablesociety through our prominent technologies and innovative solutions.
For more information about Hitachi-Omron Terminal Solutions, please visit:https://www.hitachi-omron-ts.com/
For inquiries regarding this matter, please visit:https://www8.hitachi.co.jp/inquiry/hitachi-omron-ts/general/en/form.jsp###