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Ricoh named in “Clarivate Top 100 Global Innovators 2024” list

March 6, 2024

TOKYO, March 6, 2024 – Ricoh has once again been recognized in the “Clarivate Top 100 Global Innovators 2024” list as announced today by Clarivate Plc, a global leader in providing trusted information and insights to accelerate the pace of innovation. This recognition is given to organizations that demonstrate consistent, above-the-bar innovation excellence and sit at the very top of the global innovation ecosystem. This marks the fifth selection of Ricoh, in addition to 2012, 2014, 2022, and 2023.

To select the Top 100 Global Innovators, Clarivate performs a thorough comparative analysis of global invention data to assess the strength of every patented idea, using measures tied directly to their innovative power. To move from individual idea strength to identify the organizations that create them more consistently and frequently, Clarivate sets two threshold criteria that potential candidates must meet and then adds a measure of their patented innovation output over the past five years.

Intellectual property is a fruit of technological development, and regarded as one of Ricoh's most vital management assets. As Ricoh transforms into a digital services company, it is engaged in utilizing intellectual property to its business and technology strategies. Ricoh also collaborates with multiple stakeholders to innovate and acquire intellectual property and promotes its utilization.

In the 21st Mid-Term Management Strategy, which has begun from fiscal 2023, Ricoh will further develop data-driven intellectual property process and foster people capable of implementing it, while strengthening patent acquisition in the digital domain. ESG target by fiscal 2025 is for digital services-related patent applications to account for more than 60% of the total number filed. That goal is the same percentage as the targeted contribution of digital services to Ricoh's sales by that year.

Ricoh will continue to demonstrate innovation excellence through creating intellectual property based on our business and technology strategies and acquiring and utilizing intellectual property that contributes to the protection and growth of our business.

Relevant Information

| About Ricoh |

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces, workspaces 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.

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