TOKYO, November 4, 2020 – Ricoh announced today it will introduce a new company structure from April 2021, further transforming its business as it becomes a digital services company, alongside improving capital returns.
It will organize its business into five business units, one for each business domain, where each business unit builds an integrated approach from development to production and sales. Each business unit will operate autonomously. The group headquarters will work on achieving the Return on Equity (ROE) target for the entire group by focusing on medium- to long-term strategic planning, managing the business portfolio through effective capital allocation, and ensuring robust business management based on the growth potential and capital profitability of each business unit.
It had originally planned to introduce this in 2023 but will now implement this change ahead of schedule to respond quickly to the rapidly changing business environment. By introducing this new structure, it will accelerate its transformation from being an Office Automation equipment manufacturer to being a digital services company by transforming the business structure and maximizing corporate value.
Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, communications services, commercial and industrial printing, digital cameras, and industrial systems.
Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2019, Ricoh Group had worldwide sales of 2,013 billion yen (approx. 18.1 billion USD).
For further information, please visit www.ricoh.com
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