SUMIDA: Company News

Notice on Relocation of the Tokyo Head Office

October 30th 2020
Press Release

SUMIDA CORPORATION (hereafter “the Company”) announces that its Board of Directors has passed a resolution at the meeting held on October 30, 2020 to relocate the current Tokyo head office.

  1. New Address
    3-7-2 KDX Ginza East Building 7F, Irifune, Chuo city, Tokyo
    The current telephone and fax numbers will remain.

  2. Business Start Date
    January 25, 2021

  3. Reason for the Relocation
    As precautions to prevent the spread of COVID-19 transmissions, Sumida has actively implemented telecommuting, online meetings, digitized materials, as well as cloud-based systems in Japan since April this year. Now the Company has a system in place that is less dependent on office space but not less efficient. In principle, employees’ safety is put first, and the Company will continue with telecommuting. Downsizing of the head office would have no impact on the business. As efficiency can be improved and costs reduced by maximising the effective use of office space, the current Tokyo head office will be merged with a subsidiary’s office.

  4. Impact on the Financial Results
    The costs related to this relocation are currently undecided.

  5. Others
    As the new office will remain in the same city in Tokyo (Chuo City), amendments to the Articles of Incorporation will not be required.

    Other offices will be also either relocated or downsized in Japan. To cope with the COVID-19 pandemic flexibly, the Company will continue to review how it works and improve its working environment.