OKI Electric Industry filed a follow-up disclosure on September 3, 2026, filling in blanks left open when it and Hitachi, Ltd. first announced their automated-equipment tie-up on March 26, 2026 and updated it again on August 17. The joint venture is intended to absorb OKI's ATM-related business through a company split and launch on October 1, 2026, built on the existing OKI-Hitachi joint entity that already handles channel-solutions business, with both parent companies as shareholders.
The new company's provisional name translates as "OH Channel Innovations," and its planned headquarters address is 1-6-3 Osaki, Shinagawa, Tokyo. Leadership splits between the two parents: the president-designate currently holds the title of managing executive officer at OKI, and the vice-president-designate currently serves as a director and managing executive officer at the existing channel-solutions entity that will host the new business. The stated business scope covers planning, development, manufacturing, sales, and operation-and-monitoring services for ATMs and other automated equipment.
Two details stay open. Capital for the new company "is not yet determined," OKI said, and every item disclosed today, including the name, address, and executive line-up, is described as provisional pending the shareholders' meeting, board approval, and other procedures once the venture is formally established. Its fiscal year is set to end March 31.
Completion also carries conditions beyond internal sign-off. OKI said the integration depends on finishing competition-law procedures, including filings and clearances, in Japan and other jurisdictions, on foreign-investment notification requirements, and on confirming that no event has materially harmed either company's target business, assets, financial condition, results, or cash flow. October 1 remains the companies' target date, not a locked-in start.