Global

Governance

Directors (As of June 29, 2023)

Directors (Internal)

Responsibilities as a Director of the Company

Nomination Committee Member / Compensation Committee Member

Position and responsibilities at the Company

Chairperson (Not concurrently serving as an Executive Officer of the Company and not involved in the day-to-day execution of the Company's business)

Yoshinori Yamashita

(August 22, 1957)

Meeting attendance during FY2022

Board of Directors meetings:: 15/15 (100%)

Nomination Committee meetings:: 13/13 (100%)

Compensation Committee meetings:: 10/10 (100%)

Brief personal profile

Mar 1980: Joined the Company

Feb 1995: General Manager of Business Planning Division of Ricoh UK Products Ltd.

Apr 2008: President of Ricoh Electronics, Inc.

Apr 2010: Group Executive Officer, Corporate Vice President

Apr 2011: Corporate Senior Vice President
General Manager of Corporate Planning Division

Jun 2012: Director
Corporate Executive Vice President

Apr 2013: In charge of Internal Management and Control

Apr 2014: General Manager of Business Solutions Group

Apr 2015: In charge of core business

Jun 2016: Deputy President

Apr 2017: Representative Director (Current)
President
CEO (Chief Executive Officer)

Apr 2020: CHRO (Chief Human Resource Officer)

Apr 2021: Vice Chairperson of Japan Association of Corporate Executives (Current)

Apr 2023: Chairperson (Current)

Responsibilities as an Executive Officer of the Company

CEO (Chief Executive Officer)
CTO (Chief Technology Officer)

Akira Oyama

(January 6, 1961)

Meeting attendance during FY2022

Board of Directors meetings:: 15/15 (100%)

Brief personal profile

Jul 1986: Joined the Company

Apr 2011: President and COO (Chief Operating Officer) of Ricoh Europe Plc

Aug 2012: Group Executive Officer
General Manager of Europe Marketing Group
Chairperson of Ricoh Europe B.V.

Apr 2014: Corporate Senior Vice President
General Manager of Corporate Division

Apr 2015: President of Ricoh Americas Holdings, Inc.

Jun 2015: Director

Jun 2016: Corporate Executive Vice President

Apr 2017: CFO (Chief Financial Officer)
General Manager of CEO Office

Apr 2018: General Manager of Sales and Marketing Group

Apr 2019: CMO (Chief Marketing Officer)

Apr 2020: General Manager of Workplace Solutions Business Group

Apr 2021: Executive Corporate Officer
President of Ricoh Digital Services Business Unit

Jun 2021: Director

Apr 2022: Director and Chairperson of Ricoh Japan Corporation

Apr 2023: Representative Director (Current)
President (Current)
CEO (Current)
CTO (Current)

New Responsibilities as an Executive Officer of the Company

CFO (Chief Financial Officer)

Takashi Kawaguchi

(January 29, 1963)

Brief personal profile

Mar 1986: Joined the Company

July 2004: General Manager of Accounting Department of Finance and Accounting Division

May 2007: CFO of InfoPrint Solutions LLC

Aug 2010: SVP (Senior Vice President) of Ricoh Americas Holdings, Inc.

Oct.2015: General Manager of Planning Department, Global Capital Management Support Center, Corporate Division

Apr 2018: General Manager of Finance Department, Finance and Legal Division and General Manager of CEO Office

Oct 2018: Executive Officer and General Manager of Corporate Management Division of RICOH LEASING COMPANY, LTD.

Jan 2019: Managing Executive Officer and General Manager of Corporate Management Division of RICOH LEASING COMPANY, LTD.

Jun 2019: Director of RICOH LEASING COMPANY, LTD.

Apr 2020: Director and Corporate Senior Vice President of RICOH LEASING COMPANY, LTD.

Jun 2021: General Manager of Finance and Accounting Division (Current)
General Manager of Finance and Accounting Center,
Professional Services Division
Chairperson and President of Ricoh Americas Holdings, Inc. (Current)

Apr 2022: Corporate Officer
CFO (Current)

Apr 2023: Executive Corporate Officer (Current)

Directors (Outside)

Responsibilities as a Director of the Company

Chairperson of the Board of the Directors / Nomination Committee Member / Compensation Committee Member

Significant concurrent positions

President and CEO of Japan Investment Corporation / Chairperson of Sonar Advisers Inc. / Outside Director of The Dai-ichi Life Insurance Company, Limited / Outside Director of Takashimaya Company, Limited

Keisuke Yokoo

(November 26, 1951)

Major activities

At the Company, as an Outside Director, he has played an important role in ensuring the validity and appropriateness of the management decisions and management oversight of the Board of Directors of the Company. With his extensive experience and broad knowledge and insight as a management executive, as well as his views and long-term perspective cultivated over many years in financial and capital markets, he has provided a wide range of useful advice and recommendations. In addition, as a Nomination Committee Member and Compensation Committee Member, he has actively engaged in discussions from an independent standpoint with a shareholder and investor perspective.
In fiscal 2022, he provided advice and recommendations based on his knowledge of corporate finance and experience in the capital markets for the formulation of the 21st Mid-Term Management Strategy. As Chairperson of the Compensation Committee, he also led discussions on the review of the stock-based compensation plan for Directors using indicators such as TSR*. In small meetings with shareholders, he engaged in dialogue regarding the Company's compensation system, accounting, finances, and other initiatives and challenges as the Chairperson of the Compensation Committee. In addition, he visited Company sites such as production sites and communicated with local employees, determining the actual situation onsite. He participated as an observer in management meetings in an effort to gain an understanding of information related to business execution.

*: TSR (Total shareholder return): An indicator for measuring the comprehensive return on investment (the sum of capital gains and dividends) for shareholders and investors

Meeting attendance during FY2022

Board of Directors meetings:: 15/15 (100%)

Nomination Committee meetings:: 13/13 (100%)

Compensation Committee meetings:: 10/10 (100%)

Brief personal profile

Apr 1974: Joined The Industrial Bank of Japan, Ltd. (Current Mizuho Bank, Ltd.)

May 2000: General Manager of Nagoya Branch of The Industrial Bank of Japan, Ltd.

Jun 2001: Managing Director, Head of Planning Group of Mizuho Securities Co., Ltd.

Apr 2007: President of Mizuho Securities Co., Ltd. (Shinko Securities Co., Ltd. and Mizuho Securities Co., Ltd. merged in May 2009 to form Mizuho Securities Co., Ltd.)

Jun 2011: Chairperson of Mizuho Securities Co., Ltd.

Jun 2012: Advisor of Mizuho Securities Co., Ltd.

Apr 2015: Vice Chairperson & President of Japan Association of Corporate Executives (KEIZAI DOYUKAI)

Oct 2016: Outside Director of The Dai-ichi Life Insurance Company, Limited (Current)

Jun 2017: Outside Director of Nippon Suisan Kaisha, Ltd.

May 2019: Chairperson of Sonar Advisers Inc. (Current)

Dec 2019: President, Member of the Board & Chief Executive Officer of Japan Investment Corporation (Current)

May 2020: Outside Director of Takashimaya Company, Limited (Current)

Jun 2020: Outside Director (Current)

Responsibilities as a Director of the Company

Chairperson of the Compensation Committee / Nomination Committee Member

Significant concurrent positions

Executive Director and Editor in Chief of Nippon.com / Advisor of Jiji Research Institute, Ltd.

Sadafumi Tani

(September 15, 1954)

Major activities

At the Company, as an Outside Director, he has played an important role in ensuring the validity and appropriateness of management decisions and supervision by the Board of Directors of the Company, and provided a wide range of useful advice and recommendations based on his outstanding ability to analyze and communicate information domestically and internationally, his medium- to long-term viewpoint and broad perspective, and his extensive personal network, cultivated as an economics reporter for many years. In addition, as a member of the Compensation Committee, he has actively engaged in discussions from an independent standpoint and from a shareholder and investor perspective.
In fiscal 2022, he provided advice and recommendations on information dissemination, human resource strategy, and growth investment in formulating the 21st Mid-Term Management Strategy. In addition, he visited Company sites such as production and R&D sites, communicated with local employees, to determine the actual situation onsite, participated as an observer in management meetings, and actively participated in other important meetings related to the Company's operation.

Meeting attendance during FY2022

Board of Directors meetings:: 15/15 (100%)

Compensation Committee meetings:: 10/10 (100%)

Brief personal profile

Apr 1977: Joined Jiji Press, Ltd.

Apr 1988: Staff Correspondent of Washington D.C. Bureau of Jiji Press, Ltd.

Dec 2001: Editor in Chief of Economic News of Jiji Press, Ltd.

Jun 2004: Director of Kobe Bureau of Jiji Press, Ltd.

Jun 2006: Managing Editor of Jiji Press, Ltd.

Jun 2009: Director of General Administration Division of Jiji Press, Ltd.

Jan 2010: General Manager of President's Office of Jiji Press, Ltd.

Jun 2010: Director of Jiji Press, Ltd.

Jul 2010: Director and Managing Editor of Jiji Press, Ltd.

Jun 2013: Executive Director of Jiji Press, Ltd.

Mar 2016: Director / Editor in Chief of Nippon.Com

May 2016: Audit & Supervisory Board Member of Quants Research Inc.

Jun 2016: Executive Director/ Editor in Chief of Nippon.com (Current)

Jun 2021: Outside Director (Current)

May 2022: Advisor of Jiji research Institute, Ltd. (Current)

Responsibilities as a Director of the Company

Lead Independent Director / Chairperson of the Nomination Committee / Compensation Committee Member

Significant concurrent positions

President, CEO of National Institute of Advance Industrial Science and Technology / Outside Director of Nomura Holdings, Inc., / Vice Chairperson of Japan Association of Corporate Executives (KEIZAI DOYUKAI)

Kazuhiko Ishimura

(September 18, 1954)

Major activities

At the Company, as an Outside Director, he has played an important role in ensuring the validity and appropriateness of management decisions and supervision by the Company's Board of Directors. He has made appropriate management decisions and supervised management by providing advice and recommendations based on his extensive experience as a management executive of AGC Inc. and his knowledge and insight as President and CEO of AIST. In addition, as a member of the Nomination Committee, he has actively engaged in discussions from an independent standpoint based on his experience at the top management of a company, thereby contributing to strengthening the supervisory function and ensuring objectivity and transparency in the nomination process.
In fiscal 2022, he provided advice and recommendations from multiple perspectives, including improving capital profitability, organization and governance, growth investment, and human resource strategy in formulating the 21st Mid-Term Management Strategy. In addition to visiting facilities such as production sites to communicate with local employees to grasp the actual situation onsite, he has also actively worked to understand our business through communication with key executive divisions.

Meeting attendance during FY2022

Board of Directors meetings:: 12/12 (100%)

Compensation Committee meetings:: 10/11 (91%)

[Attendance after appointment at general meeting of shareholders]

Brief personal profile

Apr 1979: Joined Asahi Glass Co., Ltd. (Current AGC Inc.)

Jan 2006: Executive Officer and GM of Kansai Plant of Asahi Glass Co., Ltd.

Jan 2007: Senior Executive Officer and GM of Electronics & Energy General Division of Asahi Glass Co., Ltd.

Mar 2008: Representative Director, President and COO of Asahi Glass Co., Ltd.

Jan 2010: Representative Director, President and CEO of Asahi Glass Co., Ltd.

Jan 2015: Representative Director and Chairperson of Asahi Glass Co., Ltd.

Jun 2015: Outside Director of TDK Corporation

Jun 2017: Outside Director of IHI Corporation

Jan 2018: Director and Chairperson of Asahi Glass Co., Ltd.

Apr 2018: Vice Chairperson of Japan Association of Corporate Executives (KEIZAI DOYUKAI) (Current)

Jun 2018: Outside Director of Nomura Holdings, Inc. (Current)

Mar 2020: Director of AGC Inc.

Apr 2020: President of the National Institute of Advanced Industrial Science and Technology

Apr 2021: President and CEO of the National Institute of Advanced Industrial Science and Technology (Current)

Jun 2022: Outside Director (Current)

New Responsibilities as a Director of the Company

Nomination Committee Member

Significant concurrent positions

Chairperson & Director of TDK Corporation / Outside Director of NTT DATA Corporation

Shigenao Ishiguro

(October 30, 1957)

Brief personal profile

Jan 1982: Joined TDK ELECTRONICS CO., LTD. (Current TDK Corporation)

Apr 2002: Senior Manager of Planning Group of Europe Sales Group of Recording Media & Solutions Business Group of TDK Corporation

Apr 2011: Deputy General Manager of Data Storage & Thin Film Technology Components Business Group of TDK Corporation

Jun 2012: General Manager of Data Storage & Thin Film Technology Components Business Group of TDK Corporation

Jun 2014: Corporate Officer of TDK Corporation

Apr 2015: CEO of Magnetic Heads and Sensors Business Company of TDK Corporation

Jun 2015: Senior Vice President of TDK Corporation

Jun 2016: President & Representative Director of TDK Corporation
General Manager of Manufacturing HQ and General Manager of Humidifier Countermeasures HQ of TDK Corporation

Apr 2022: Chairperson & Representative Director of TDK Corporation

Jun 2022: Outside Director of NTT DATA Corporation (Current)
Chairperson & Director of TDK Corporation (Current)

Jun 2023: Outside Director (Current)

New Responsibilities as a Director of the Company

Compensation Committee Member

Significant concurrent positions

Research Fellow of Mitsubishi Research Institute, Inc. / Deputy General Manager of Think Tank Unit, General Manager of Planning and Administration Office, and General Manager of Center for Policy and the Economy of Mitsubishi Research Institute, Inc. / Outside Director of FANUC CORPORATION

Yoko Takeda

(April 13, 1971)

Brief personal profile

Apr 1994: Joined the Bank of Japan

Apr 2009: Joined the Mitsubishi Research Institute, Inc. Senior Economist, Senior Researcher of Research Center for Policy and Economy of Mitsubishi Research Institute, Inc.

Apr 2012: Chief Economist (Current)
Research Director of Research Center for Policy and Economy of Mitsubishi Research Institute, Inc.

Oct 2015: Deputy General Manager of Research Center for Policy and Economy of Mitsubishi Research Institute, Inc.

Oct 2017: General Manager of Center for Policy and the Economy of Mitsubishi Research Institute, Inc.

Oct 2020: Deputy General Manager of Think Tank Unit and General Manager of Center for Policy and the Economy of Mitsubishi Research Institute, Inc. (Current)

Dec 2021: Research Fellow of Mitsubishi Research Institute, Inc. (Current)

Oct 2022: General Manager of Planning and Administration Office of Mitsubishi Research Institute, Inc. (Current)

June 2023: Outside Director (Current)
Outside Director of FANUC CORPORATION (Current)

Skill matrix

The compositions of the Board of Directors and Audit and Supervisory Board, as well as expertise of each Director and Audit and Supervisory Board Member are as follows.

The tables below represent skills possessed by each Director and Audit and Supervisory Board Member that are deemed exemplary, and does not represent all of their knowledge and experience.

Basic approach to the structure of officers

The Company's basic requirement for the appointment of Directors and Audit & Supervisory Board Members is that they have a deep understanding of The Ricoh Way, which comprises the “Founding Principles” (the Spirit of Three Loves, namely, love your neighbor; love your country; and love your work), the “Mission & Vision,” and the “Values,” and are capable of contributing to the sound and sustainable growth of the Company and the enhancement of its corporate and shareholder value. In addition, for Outside Directors and Audit & Supervisory Board Members, as they are in a position that requires independence and neutrality, we place a particular emphasis on those who are able to openly express their opinions to the management team, and who are able to provide appropriate advice and supervision from an independent and neutral standpoint.
The Company has established an appropriate structure of officers by comprehensively considering the composition of Internal and Outside Directors and Audit & Supervisory Board Members, tenure, diversity, and other factors, in addition to the skills possessed by them. We will continue to discuss the necessary skills and diversity in line with changes in our business environment and the development of our business strategy, and will build a structure of officers in line with these discussions.

Positioning of major skills and notable fields of expertise

For major skills, the Company lists those skills that, preferably, should be covered by more than one Director or Audit & Supervisory Board Member in light of the management environment and business strategies. Based on their position and role on the Board of Directors and committees, a maximum of three major skills possessed by each individual are marked with a “●.”
In addition, we consider it necessary for individual Directors and Audit & Supervisory Board Members to demonstrate outstanding knowledge and skills in their respective fields of expertise in order to address increasingly sophisticated and diverse management issues, and have listed these as notable fields of expertise.

Reasons for selection of major skills

Corporate management	To understand business opportunities and risks in consideration of the management environment, and to ensure appropriate decision-making and oversight with the aim of enhancing corporate value.
Governance and risk management	To achieve a higher level of governance that is trusted by diverse stakeholders and to appropriately address increasingly complex and sophisticated business risks such as geopolitical risk and economic security through global information gathering and analysis.
Finance and accounting	To achieve sustainable enhancement of shareholder value and corporate value through capital policy and communication with the capital market, as a company listed on the Prime Market.
Sustainability	To promote solutions to social issues through ESG initiatives, which Ricoh considers essential for sustainable enhancement of shareholder value and corporate value, in order to realize Ricoh's goal of a society in which the balance among the three Ps*1 is maintained (Three Ps Balance).
Technology and R&D	To accelerate the transformation into a digital services company byutilizing edge devices*2 that are unique to Ricoh and providing digital services such as platforms and software that leverage these strengths.

*1: Three Ps: Prosperity, People, and Planet

*2: Edge device: A networked device with data processing functions, such as a multifunctional printer or a camera that serves as an entry and exit point for various data, such as text, photographs, audio, and video.

Notes:1.: Chairperson of the Board of Directors, Lead Independent Director, and members and chairperson of each of the advisory committees shown are those to be in place after this Meeting (scheduled to be elected at a meeting of the Board of Directors after the closing of this Meeting).

Notes:2.: Non-executive Officer: Internal Director who does not concurrently serve as an Executive Officer of the Company and is not involved in the day-to-day execution of the Company's business

Zoom