KINKO'S OPENS FIRST INTERNATIONAL STORE IN JAPAN
KINKO'S OPENS FIRST INTERNATIONAL STORE IN JAPAN VENTURA, Calif., Jan. 27 /PRNewswire/ -- Kinko's Service
Corporation's first store outside the U.S. will open for business on Feb. 1 in Nagoya, Japan, it was announced today by company President Dan Frederickson. Kinko's developed the store as a joint venture with Sumitomo Metal Mining Co., Ltd.
"We're very excited about this opportunity," said Kinko's Graphics Corporation President Mark Madden, who will serve as director of the company's Japan operations. "We will offer a quality service that far exceeds the standards of most Japanese copy shops, and we've selected this location to build a solid customer base." Nagoya, located 250 miles southwest of Tokyo, is an active Japanese business center. The 2,500 square foot store -- large by Japanese standards -- will be located in a suburban area of the city and will primarily offer color and oversize document copy services, in addition to both self-service and full-service black and white copying. According to Philip Davis, manager of the Nagoya store, Kinko's will provide the advantages of convenience, speed and a fast turnaround to a market that usually requires a lead time of up to two weeks for letter- sized black and white copies. Kinko's will employ four full-time and six part-time co-workers at the Nagoya store. A second Kinko's is slated to open in Nagoya in the spring of 1992. Kinko's anticipates that the majority of its business will be composed of color and oversized copying. Color copying, while in its infancy in the United States, is commonly used in Japan to make documents easier to read. The oversized copy workload at the Nagoya store will be heavier than usual because the Japanese often use sheets of paper larger than the U.S. standard 8-1/2" by 11". The idea for the Nagoya store originated with an employee of Sumitomo, Hiro Izutsu. In 1990, Izutsu was pursuing an MBA at the University of Michigan when he researched and drafted a paper for one of his courses proposing a joint venture between Kinko's and Sumitomo. His professor recommended that he forward the proposal to each company, and the current partnership resulted. Izutsu will act as the regional manager for Kinko's Japan operations. Kinko's Copy Centers make up a privately held network of more than 600 stores in the U.S., employing 17,000 co-workers. Founded by Chief Executive Officer Paul Orfalea, the company has been recognized as one of the top service companies in the United States. -0- /CONTACT: Mary Hancock, 213-629-4974, for Kinko's/ CO: Kinko's Service Corporation ST: California IN: PUB SU: SM -- NY041 -- 3664 01/27/92 10:58 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 27, 1992|
|Previous Article:||KIRBY CORPORATION ANNOUNCES PURCHASE AGREEMENT|
|Next Article:||GLORIA MCDERMITH SHATTO ELECTED TO TEXAS INSTRUMENTS BOARD|