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News Release

Notice Regarding Media Coverage on Ricoh

May 19, 2023
Ricoh Company, Ltd.

Several media outlets reported that Ricoh Company, Ltd. and Toshiba Tec Corporation will establish a new company to consolidate multifunction printer (MFP) production and development. However, Ricoh has not made any such announcement.

As part of our initiatives to grow as a digital services company, we are working to strengthen our manufacturing capabilities and are also exploring the possibility of integrating the development and production of MFPs and other devices with Toshiba Tec Corporation.

No such decision has been made at this time. This matter is scheduled to be discussed the meeting of the Board of Directors today. If any decisions are made regarding such matters, Ricoh will announce them in a timely manner.

| About Ricoh |

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.

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