OKI completed its ATM business integration with Hitachi on October 1, 2026, ending a process that earlier gave the venture its leadership and address. OKI now owns 60% of the venture and Hitachi 40%, and the venture is an OKI consolidated subsidiary.
What moved
OKI transferred its development and production business for automated equipment, including ATMs, into a Hitachi unit through an absorption-type company split. The unit was then renamed. OKI received 92,320 new shares in the split and bought a further 27,680 from Hitachi, for 120,000 shares in all, or 60% of the voting rights. It held none before.
The venture's stated business covers planning, development, manufacturing, sales and services including operation and monitoring. Its capital is ¥8.6bn and its year ends in March.
The numbers that remain open
OKI said confidentiality obligations bar it from disclosing what it paid Hitachi for the 27,680 shares. It said the price took account of the split consideration, earnings and outlook, and followed negotiation between the two companies.
The assets and liabilities moved into the venture are book-value estimates: ¥38.8bn of assets against ¥9.9bn of liabilities. OKI said they will be adjusted if final figures under the split agreements differ. These are not the purchase price.
OKI gave no figure for the effect on its results for the year to March 2027. It said it would disclose one promptly if anything material arises.