News Release
TOKYO, August 24, 2023 – Ricoh Company, Ltd. (President and CEO: Akira Oyama, “Ricoh”) and Toshiba Tec Corporation (Representative Director, President and Chief Executive Officer: Hironobu Nishikori, “Toshiba Tec”) will proceed with necessary procedures such as company split with the aim of integrating their business of the development and manufacturing of multifunction printers (the “Business Integration”) and organizing a joint venture company which shareholders will be Ricoh and Toshiba Tec to develop and manufacture multifunction printers, as announced in the “Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFP's development and manufacturing” released on May 19, 2023 (partial corrections are already made as announced in the “(Corrections) Notice Regarding Partial Corrections to the “Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFP's development and manufacturing”” released on July 19, 2023, hereinafter “Previous Timely Disclosure”).
In relation to this, Ricoh and Toshiba Tec hereby announce that the scope of the Business Integration has been changed. Further, in conjunction with this change, the two companies hereby announce that some of the figures described in the Previous Timely Disclosure have been also changed.
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Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces and optimize business performance.
Headquartered in Tokyo, Ricoh's global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organizational capabilities nurtured over its 85-year history. In the financial year ended March 2023, Ricoh Group had worldwide sales of 2,134 billion yen (approx. 16.0 billion USD).
It is Ricoh's mission and vision to empower individuals to find Fulfillment through Work by understanding and transforming how people work so we can unleash their potential and creativity to realize a sustainable future.
For further information, please visit www.ricoh.com
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