Business Partnership between Ricoh and Toshiba Tec

Business Partnership between Ricoh and Toshiba Tec by necessary procedures such as Simplified Absorption-type Company Split

Tokyo, May 19th, 2023 – Ricoh Company, Ltd. (President and CEO: Akira Oyama; hereinafter “Ricoh”) and Toshiba Tec Corporation (President and CEO: Hironobu Nishikori; hereinafter “Toshiba Tec”) hereby announce that today at meetings of the Boards of Directors of both companies, the two companies resolved to agree to set the terms and conditions for integrating businesses regarding the development and manufacturing of multifunction printers and other devices (hereinafter “MFPs”) by necessary procedures such as company split effective on a specific day between April 1, 2024 and June 30, 2024 to be separately agreed upon by the two companies (hereinafter the “Business Integration”). The Board of Directors of both companies also resolved to conclude a shareholders agreement related to the Business Integration.

Based on these resolutions, the two companies will perform procedures such as a company split with the aim of realizing a joint venture effective on a specific day between April 1, 2024, and June 30, 202,4 to be separately agreed upon by the two companies, that takes on the role of MFPs' development and manufacturing with both companies as shareholders.

For further details, please see the links below.

For the full version in PDF format

Notice regarding a Business Partnership between Ricoh and Toshiba Tec by necessary procedures such as Simplified Absorption-type Company Split, etc. (9pages/256KB)

About Ricoh

Ricoh is a global integrator in workplace transformation, operating in approximately 200 countries and regions and headquartered in Tokyo. Supporting customers’ value creation, Ricoh offers workplace services and solutions that empower organizations to work smarter through advanced technologies—including AI— together with long-standing expertise rooted in printing. Ricoh also operates commercial and industrial printing businesses and delivers new solutions leveraging inkjet technology. In the financial year ended March 2026, Ricoh Group had worldwide sales of 2,608 billion yen (approx. 16.4 billion USD).

For 90 years since our founding, Ricoh has upheld its mission and vision of empowering individuals to find Fulfillment through Work—and that commitment continues today. By understanding and transforming how people work, we unleash their potential and creativity to realize a sustainable future.

For further information, please visit www.ricoh.com