Ricoh : (Update on Previously Disclosed Transaction) Notice regarding Transfers (Acquisition of Shares) in Consolidated Subsidiaries
August 24, 2023 at 02:07 am EDT
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TOKYO, August 24, 2023 - In the "Notice regarding Transfers (Acquisition of Shares) in Consolidated Subsidiaries" disclosed on May 19, 2023, which has been partially corrected in the "(Corrections) Notice Regarding Partial Corrections to the 'Notice regarding Transfers (Acquisition of Shares) in Consolidated Subsidiaries'" disclosed on July 19, 2023, hereinafter the "Previous Timely Disclosure", Ricoh Company, Ltd. (President and CEO: Akira Oyama; hereinafter "Ricoh") announced that its Board of Directors has resolved to transfer the shares of the five consolidated subsidiaries of Toshiba Tec Corporation (President and CEO: Hironobu Nishikori; hereinafter "Toshiba Tec") to Ricoh Technologies Company, Ltd. (hereinafter the "Joint Venture"), a consolidated subsidiary of Ricoh which will become the joint venture entity, by the Absorption-type Company Split based on the Absorption-type Split Agreement between the Joint Venture and Toshiba Tec in connection with the Business Integration.
In the Previous Timely Disclosure, Ricoh announced that there is a possibility that Toshiba Tec will, at its discretion, include the businesses (except for certain businesses and assets) of Toshiba Tec Europe Imaging Systems S.A. (hereinafter "Toshiba Tec Europe Imaging Systems") in the scope of the Transferred Business after consultation with the works' council of Toshiba Tec Europe Imaging Systems in accordance with French labor law.
Ricoh hereby announces that the consultation between Toshiba Tec Europe Imaging Systems and the works' council of Toshiba Tec Europe Imaging Systems has been completed, and Toshiba Tec Europe Imaging Systems' shares has also been decided to be transferred to the Joint Venture by including Toshiba Tec Europe Imaging Systems' business in the Transferred Business.
Ricoh Company Ltd. published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 06:06:01 UTC.
Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).
RICOH COMPANY, LTD. 
