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Governance

Outside Directors

Accommodate change by making safety, the environment, and compliance top priorities

Kunio NojiKunio Noji

Currently

Chairman of the Board, Komatsu Ltd.; Outside Director, NEC Corporation

Reason for appointment

Mr. Noji was president and CEO of Komatsu Ltd. He has abundant experience and expertise as a member of top management of one of the leading companies in Japan. We believe that this wealth of experience and knowledge will greatly benefit our decision-making process, and Mr. Noji will be able to offer us useful advice and counsel from an independent perspective.

Activity status

He attended 11 out of 11 Board meetings held in fiscal 2016.

 Japanese companies continue to experience unstable operating climates, notably because of the emergence of China as an eco¬nomic and political power and a high Japanese yen. Global social changes are also having a great impact on operations, an example being the United Kingdom’s decision to leave the European Union. On top of that, accelerating technological change in the Internet of Things, artificial intelligence, and other areas are transforming the offices that are central to Ricoh’s operations and the nature of business itself.
 I am thus convinced that the Ricoh Group can generate sustain¬able growth only by flexibly tackling the challenges of change. It must particularly concentrate its business resources, formulate regional strategies, engage in open innovation, and build new business models. I will draw on my understanding of Ricoh’s strengths in sharing my insights with other members of the Board of Directors.
 As it addresses change, I believe that it will be important for Ricoh to keep constructing a corporate culture that makes safety, the environment, and compliance its top priorities. I will keep endeavor¬ing as an outside director to help enhance the corporate culture.

Outside Directors

Create a corporate culture that promotes self-reliance

Makoto AzumaMakoto Azuma

Currently

Member, Science Council of Japan; Advisory Professor, Tsing Hua University (China); Advisor, TDK Corporation; Councillor, TOSHIBA INTERNATIONAL FOUNDATION

Reason for appointment

Mr. Azuma was executive vice president and CTO (chief technol¬ogy officer) of Toshiba Corporation and is currently a professor at Tokyo University of Science Graduate School of Innovation Studies. His wealth of knowledge regard¬ing technology strategy and managerial expertise will help shape and integrate our decision making and guide our efforts with an objective, expert perspective.

Activity status

He attended 11 out of 11 Board meetings held in fiscal 2016.

 Companies can expose themselves to problems of their own doing when they become too big. While shifting away from founding stances in view of changing political, economic, and social landscapes can lead to corporate malaises, I think the fun¬damental cause is that people tend to function more mechanically as organizations grow.
 Ricoh started out 80 years ago by marketing sensitized paper. It has since grown into an organization with net sales exceeding ¥2 trillion by constantly pioneering innovations. Examples include the mass production of cameras, the office automation concept, and digital technology applications. Today, Ricoh derives 65% of its revenues from office imaging. Left unchecked, this situation could lead to internal complacency, which is symptomatic of corporate malaises. So as an outside director, I wish to contribute to the Board of Directors by fostering a culture of self-reliance among Ricoh employees. In that regard, I particularly wish to assist its engineers to make it easier for them to craft new technologies and business ideas.


New Outside Directors

Masami IijimaMasami Iijima

Currently

Chairman of the Board of Directors, Mitsui & Co., Ltd.

Reason for appointment

 Mr. Iijima accumulated a wealth of experience as an executive at Mitsui & Co., Ltd. He should contribute significantly to decision making at Ricoh through his indepen¬dent oversight and advice.
 Ricoh filed to appoint Mr. Iijima as an outside director on the basis that he is an independent officer without conflicts of interest with the Company or its shareholders, as set forth in Article 436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange.

Mutsuko HatanoMutsuko Hatano

Currently

Professor, Department of Electrical and Electronic Engineering, School of Engineering, Tokyo Institute of Technology; Council Member, Science Council of Japan

Reason for appointment

 Ms. Hatano is a professor in the electrical and electronics fields at the Tokyo Institute of Technology, and has served on numerous committees for government institu¬tions. She should contribute significantly to decision making at Ricoh through her independent oversight and advice.
 Ricoh filed to appoint Ms. Hatano as an outside director on the basis that she is an independent officer without conflicts of interest with the Company or its share¬holders, as set forth in Article 436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange.