Tokyo, July 31, 2012—Ricoh Company, Ltd. (President and CEO: Shiro Kondo; hereinafter "Ricoh") has decided to reorganize its domestic design and manufacturing functions. Specifically, the functions of designing and manufacturing imaging equipment hitherto assumed by Ricoh's affiliated manufacturing companies and parts of Ricoh itself will be integrated into two separate companies — one responsible for design and the other for production — that will be newly established in April 2013.
As the Ricoh Group faces radical changes in the business environment, such as a stronger yen and tougher global competition, it is in the process of restructuring itself into a highly competitive organization that can continue to grow even in such a climate. The reorganization is aimed at reinforcing the Ricoh Group's design and manufacturing functions for imaging equipment in order to simultaneously achieve three objectives: 1) to continue to create products and services that offer new customer value, 2) to strengthen our ability to manufacture products that outperform the competition in the global marketplace, and 3) to acquire the ability to design and manufacture products at costs lower than the competition.
The processes for establishing the new companies, their names and other details will be announced as soon as they are worked out.
‹Outline of the Reorganization›
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,195 billion yen based on the IFRS accounting standard (approx. 21.3 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about/
Information in the news releases is true and accurate at the time of publication.
Manufacture, sales, price and specifications of products may be subject to change.