27 December 2024

TOKYO–( BUSINESS WIRE )–Oki Corporation (TOKYO: 6703) has entered into a strategic partnership with global technology company FPT, through its subsidiary FPT Japan, agreeing to partial ownership of two of OKI's software development subsidiaries in China. This collaboration is set to accelerate software development capabilities and drive global business expansion for both companies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241225981746/en/

Takahiro Mori, Representative Director and CEO of OKI (left) and De Van Gaack, FPT programming (ETR:) SEVP and CEO of FPT Japan, FPT Corporation (Right) (Photo: Business Wire)

Under the agreement, as of April 1, 2025, Oki Data Dalian Co., Ltd. will be rebranded. OKI Software Technology Co., Ltd. becoming FPT OKI Dalian Limited Liability Company and FPT OKI Changzhou Limited Liability Company, respectively. FPT Japan will hold a 65% stake, while OKI will retain a 35% stake. This initiative is also aligned with OKI's Medium-Term Action Plan for 2025, which focuses on restarting overseas businesses, optimizing global offices, and building strategic global partnerships to enhance long-term resilience in today's complex economic environment.

Combining FPT's global reach and technological prowess with OKI's industry expertise in social infrastructure, the partnership will provide advanced software solutions to global markets, with an initial focus on Japan, China and the ASEAN region. The combined entities will prioritize developing innovative and highly efficient business models powered by FPT's AI-based ecosystem to enhance business continuity, mitigate risks and enable sustainable growth. This also includes talent development, leveraging FPT's capabilities in artificial intelligence, enterprise resource planning (ERP), automotive technology and digital transformation to grow a highly skilled, future-ready workforce that will drive joint initiatives and capitalize on emerging growth opportunities.

2024 represents a year of significant growth for FPT in the Japanese market, driven by major contracts, strategic investments and new office openings. Our partnership with OKI reflects a shared commitment to leveraging technology as a catalyst for both business transformation and societal progress,” said Do Van Khaak, Executive Vice President, FPT Software SEVP and CEO, FPT Japan, of FPT Corporation.

This collaboration also marks the beginning of FPT's ongoing support to restart the overseas business as outlined in OKI's 2025 Medium Term Business Plan, paving the way for impactful global expansion. By combining OKI's deep market insights with FPT's technology expertise and experience in delivering large-scale projects, we are well positioned to deliver innovative solutions that meet evolving market needs and enable companies across industries to achieve operational excellence and business agility, he added.

After nearly two decades in Japan, FPT has become one of the largest foreign-invested technology companies in the country in terms of human resource capacity. The company provides services and solutions to more than 450 customers globally, with 4,000 employees in 17 offices and innovation centers in Japan and 15,000 professionals supporting this market worldwide. Leveraging its strong position in Japan and global resources, the technology company recently opened an office in Dalian, China to provide support and provide end-to-end digital solutions for regional companies and the thousands of Japanese companies operating here.

About OKI Electrical Industries Co., Ltd. (OKI)

Founded in 1881, OKI is Japan's leading information and communications manufacturer. Headquartered in Tokyo, Japan, OKI provides high-quality products, technologies and solutions to customers through its General Solutions, Enterprise Solutions, Component Products and Electronics Manufacturing Services businesses. Different business divisions work synergistically to bring to market new and exciting products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at https://www.oki.com/global/.

About FBT

FPT Corporation (FPT) is a leading global technology and IT services provider headquartered in Vietnam. FPT operates in three core sectors: technology, communications and education. During more than three decades of development, FPT has consistently provided practical and effective products to millions of people and tens of thousands of commercial and non-commercial organizations around the world, solidifying Vietnam's position on the global technology map. To keep pace with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions and platforms, which enables sustainable growth of organizations and businesses and delivers differentiated customer experiences. In 2023, FPT reported total revenues of $2.17 billion and more than 48,000 employees. For more information about Global IT Services, please visit https://fptsoftware.com/.

Media communications
OKE ELECTRICAL INDUSTRIES CO., LTD
Public relations
Email: press@oki.com

Mai Dong (Mrs.)
FBT Company
Public Relations Manager for FPT Programs
MCP.PR@fpt.com

Source: FPT Company

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