Financial
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 […]
Speculation over “underperforming” Ricoh operations
February 23, 2018
A newspaper article has cast doubts over Ricoh’s financial position, although the OEM has rebutted it. The Nikkei Asian Review has reported that Ricoh is contemplating booking up to ¥100 billion ($936 million/€761 million) in impairment losses on what it calls its “underperforming North American operations.” These apparently include the American distributor Ikon Office Solutions, bought […]
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