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Ricoh refutes Nikkei restructuring claims

March 8, 2018

The OEM has issued a statement in response to an article published by Nikkei Asian Review about its “possible structural reforms”.

In the article, Nikkei wrote that “Japan’s Ricoh plans to trim about 4,000 workers from its payrolls as soon as the coming fiscal year”, a number representing approximately 4 percent of the OEM’s global workforce.

The article also claimed that Ricoh’s plans include “selling off a domestic logistics unit”, the sale of an “aging factory for copiers and other office equipment”, the logging of “tens of billions of yen worth of impairment losses”, and the setting aside of “at least ¥200 billion ($1.8 billion/€1.5 billion)for mergers and acquisitions”.

Nikkei explained that Ricoh’s “likely targets include companies involved in commercial and industrial printing, as Ricoh seeks to diversify from office printing.”

Ricoh swiftly issued a statement in response to the publication of this article, saying:

“Today, the Nikkei Newspaper mentioned possible structural reforms at Ricoh.

This has not been announced by Ricoh. Ricoh continually evaluates opportunities for structural reforms to further enhance its business growth.

 If we need to make any announcements in this regard, we will do so in a timely manner.”

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