(Progress and changes in disclosure matters) Notice regarding a Business Partnership between Ricoh and Toshiba Tec by necessary procedures such as Simplified Absorption-type Company Split, etc.

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.

For further detail, please see the link below.

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