Ricoh shares transferred to Nisshinbo
March 2, 2018
The OEM has announced the conclusion of the transferral of 80 percent of the outstanding shares of its subsidiary to Nisshinbo Holdings Inc.
The shares were transferred from Ricoh’s consolidated subsidiary, Ricoh Electronic Devices Co., Ltd. Ricoh stated that it would “continue to support our group company […] Ricoh Electronic Devices, through providing infrastructure services even though the shares have been transferred.”
Ricoh also explained that the effect of the share transfer on the OEM’s consolidated business results “has been incorporated into the consolidated earnings forecast for the fiscal year ending March 31 2018, which was announced on February 1, 2018.”
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Tags : Financial Japan Nisshinbo Holdings Ricoh Shares
