Relocation of the Head Office of Hioki’s Consolidated U.S. Subsidiary

Relocation of the Head Office of Hioki’s Consolidated U.S. Subsidiary

February 4, 2020 - Nagano, Japan

Meeting on December 5, 2019, the Board of Directors of HIOKI USA CORPORATION (HUSA), a consolidated subsidiary of Hioki, resolved to relocate the company’s head office as described below.  The move is prompted by the need to facilitate more convenient access to its sales area of North and South America so that the company can develop closer relationships with customers.

1. New Address
6600 Chase Oaks Blvd. Suite 150
Plano, Texas 75023
U.S.A.
 
(Reference)
Current Address

6 Corporate Drive
Cranbury, NJ 08512
U.S.A.

2. Scheduled Date of Relocation
February 15, 2020

3. Future Outlook
The relocation of HUSA’s head office will have only a minor impact on the consolidated performance of the Hioki Group during the fiscal year ended December 31, 2019.

"In the early years, most HUSA sales were concentrated in the east coast of the United States. Our major customers and distributors all have their main offices in the east. As HUSA deployed more sales resources all over America, the balance has shifted towards the west, especially after opening the West Coast Regional Office. The rapid growth of Mexico and LATAM sales is also tilting the sales center closer to the south,” comments Kenneth Soh, President of Hioki USA.   "Being close to users has been our guiding principle in determining location of offices. As such, we made the decision to move our corporate head office to Dallas, Texas, a state in the south central region of the USA.”




About HIOKI

Established in 1935, HIOKI E.E. CORPORATION (TSE: 6866) has grown to become a world leader in providing  consistent delivery of test and measuring  instruments through advanced design, manufacturing, and sales and services. By offering over 200 main products characterized by safety and quality while meeting an expansive range of applications, we aim to contribute to the efficiency and value of our customers' work in research and development, production and electrical maintenance. HIOKI products and services are available around the world through our extensive network of subsidiaries and distributors. Information about HIOKI is available at www.hioki.com.