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Italy: Improvements continue
  • Vitaliy_KiselevVitaliy_Kiselev

    The Roland Corporation Japan on the board of directors of today has acted the liquidation of the Roland Europe'Spa in Acquaviva Picena, which is owner to one hundred per cent. The reasons for this difficult decision are due to a drastic reduction of the costs and necessary reorganization due to a negative balance of a multinational that lasts for some years. In its restructuring plan in the medium term it plans to increase production efficiency by centralizing the latter in the East. The news certainly weighs down an already difficult employment situation of the Piceno and also at the establishments of Acquaviva of the Roland currently employs 150 employees.

    Under the initiative to implement structural reform of the Electronic Musical Instruments Business announced in November last year, the Company has been pressing ahead to concentrate its digital piano production bases in Indonesia. This initiative executes one of the main assignments for action as set out in its Medium-term Business Plan announced on May 8, 2013, with the aim of switching its production policy from “local production for local consumption” to “efficient production through centralization.”

    Roland expects to post extraordinary loss of approximately ¥2.1 billion to ¥2.6 billion for the fiscal year ending March 31, 2014 on a non-consolidated basis following dissolution and liquidation of the subsidiary.

    Via: http://www.roland.com/ir/pdf/2013/20131108_3.pdf

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  • Vitaliy_KiselevVitaliy_Kiselev

    Their factory tour

  • Vitaliy_KiselevVitaliy_Kiselev

    Taiyo Pacific Partners LP has joined Roland CEO Junichi Miki to conduct a management buyout of Roland.

    Taiyo has sought to provide management with analysis and support in their efforts to increase corporate value. However, the current business environment led Roland CEO Junichi Miki to reach out to Taiyo to discuss the idea of conducting an MBO. He was concerned that he needed to be able to quickly and effectively achieve some fundamental changes necessary at Roland.

    We agreed with his assessment and are honored to join him in his desire to rebuild this great brand. Taiyo believes that this MBO offers current shareholders an opportunity to sell their shares at a premium and avoid the volatility risk associated with the transformation efforts. Today, Roland’s Board of Directors passed a resolution to endorse the tender offer and recommend that shareholders tender their holdings.

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