Ricoh

Ricoh Company, Ltd.
株式会社リコー
Public
Traded as TYO: 7752
OTCQB: RICOY
BSE: 517496
Industry Electronics
Founded Tokyo, February 6, 1936 (1936-02-06)
Headquarters Chūō, Tokyo, Japan
Area served
 Worldwide
Key people
 Shiro Kondo
(Chairman)
Zenji Miura
(President & CEO)
Products Copiers (such as plain paper copiers (PPCs)), printers (multi-functional printers (MFPs), laser printers and GELJET printers), production printing products and facsimile machines.
Revenue ¥2.231 trillion (2015)
¥68.562 billion (2015)
Number of employees
 109,361 (March 31, 2016)
Website www.ricoh.com

The Ricoh Company, Ltd. (株式会社リコー, Kabushiki-gaisha Rikō) is a Japanese multinational imaging and electronics company. It was founded by the RIKEN zaibatsu on 6 February 1936 as Riken Sensitized Paper (理研感光紙, Riken Kankōshi). Ricoh's headquarters are located in Ricoh Building in Chūō, Tokyo.[1]

Ricoh produces electronic products, primarily cameras and office equipment such as printers, photocopiers, fax machines, offers Software as a Service (SaaS) document management solutions such as DocumentMall, RicohDocs, document solutions such as GlobalScan, Print&Share[2] and also offers Projectors. In the late 1990s through early 2000s, the company grew to become the largest copier manufacturer in the world. During this time, Ricoh acquired Savin, Gestetner, Lanier, Rex-Rotary, Monroe, Nashuatec, IKON and most recently IBM Printing Systems Division / Infoprint Solutions Company. Although the Monroe brand was discontinued, products continue to be marketed worldwide under the remaining brand names. In 2006, Ricoh acquired the European operations of Danka for $210 million. These operations continue as a stand-alone business unit, under the Infotec brand.

History

The company was founded in 1936. Before relocating to Chūō, Ricoh was first in Minato, Tokyo.[3] In 2006 Ricoh's headquarters moved to the Ricoh Building, a 25-story building in the Ginza area in Chūō; there it occupies the same space as its sales offices.[4]

Throughout the late 1980s and early 1990s, Ricoh was the primary manufacturer of Pitney-Bowes copiers. They have also manufactured copiers for Toshiba, fax machines for AT&T Corporation and Omnifax, as well as a wide variety of equipment for numerous other companies including duplicators for AB Dick. They also manufactured the Ricoh 2A03 8-bit processor used in the Nintendo Entertainment System.

In 2003 Ricoh bought naming rights to the CNE Coliseum (now known as Ricoh Coliseum) in Toronto.

In 2004 Ricoh acquired Hitachi Printing Solutions, Ltd creating a new company, Ricoh Printing Systems, Ltd.

In 2005 Ricoh bought the naming rights to the stadium/entertainment complex, home to Coventry City Football Club now called the Ricoh Arena.

In November 2006, Ricoh announced the integration of the head office of Ricoh Europe B.V. (REBV) in Amstelveen, Netherlands, with NRG's European headquarters in London, United Kingdom. This was completed on April 1, with the former NRG HQ in London becoming the Strategic HQ and the former REBV HQ in Amstelveen becoming the Operational HQ. This mirrors a similar process which took place in the US with Lanier and Ricoh USA.

This integration was the first step in integration within each country in Europe. A single country organisation was created in Austria on July 1, 2007, the UK integration being currently in process and integration also taking place in Belgium, France, Germany, Italy, the Netherlands and Spain.

On January 25, 2007, Ricoh announced purchase of IBM Printing Systems Division for $725 million and investment in a 3-year joint venture to form the new Ricoh subsidiary, InfoPrint Solutions Company, with a 51% share.

In February 2008, Ricoh partnered up with PrinterOn to set up two new HotSpot printers: The SP C410DN-KP color printer and the SP 4100N-KP monochrome printer which allows Wi-Fi enabled users to print documents from any location.[5]

On August 27, 2008, Ricoh announced its intentions of acquiring IKON Office Solutions for $1.6 billion and later that year, on November 1, Ricoh completed the acquisition.[6][7]

In May 2011, Ricoh announced a cut of 10,000 jobs worldwide up to March 2014 from the current 40,000 workers in Japan and 68,900 others overseas. The company would also shift 15,000 workers to areas with more growth potential.

Japanese optical glass-maker Hoya Corporation said on July 1, 2011, it would sell its Pentax camera business to Ricoh, in a deal the Nikkei business daily said was worth about 10 billion yen ($124.2 million).[8] On July 29, 2011, Hoya transferred its Pentax imaging systems business to a newly established subsidiary called Pentax Imaging Corporation. On October 1, 2011, Ricoh acquired all shares of Pentax Imaging Corp. and renamed the new subsidiary Pentax Ricoh Imaging Company, Ltd.[9][10]

On October 1, 2011, Ricoh announced the establishment of Pentax Ricoh Imaging Company, LTD.[9] On August 1, 2013, the company name was changed to Ricoh Imaging Company Ltd.[11]

On January 8, 2016, Ricoh India stated they partnered with Siemens to offer digital lifecycle management software.[12]

On July 19, 2016, Ricoh India admitted to an estimated ₹1,123 crore accounting fraud.[13] CEO and Managing Director Manoj Kumar, and Chairman Tetsuya Takano have resigned from Ricoh India as a result.[14]

Operations

The Ricoh Group has sales and support, production, and research and development operations in nearly 180 countries. It has its world headquarters in Tokyo, Japan and regional headquarters in Japan, the Americas, Europe, China, and the Asia-Pacific.

Regional headquarters

Ricoh Research

Ricoh has many technology- and customer-research groups around the world. For example, Ricoh Innovations, a research subsidiary of Ricoh Company, operates in Silicon Valley, California, focusing on technology, cloud, mobile solutions, and customer research.

Products

Ricoh Theta 360-degree compact
Caplio R6
Caplio GX100
Ricoh SD/MMC Card Reader Controller found in a Sony VAIO FW series Laptop

A partial list of products marketed to the public under the Ricoh brand includes:

Golden Ricoh 16mm camera

Sponsorships

Ricoh Arena, Coventry, England

References

  1. ↑ "Company Data." Ricoh. Retrieved on January 13, 2009.
  2. ↑ "Free-up more time for essential business tasks with Print&Share from Ricoh". Ricoh. November 14, 2011.
  3. ↑ "Outline of Ricoh." Ricoh. May 16, 1997. Retrieved on January 13, 2009.
  4. ↑ "Topics - Annual Report 2006." Ricoh. Retrieved on January 13, 2009.
  5. ↑ "Ricoh and PrinterOn Announce Wi-Fi HotSpot Printers". PrinterInfo.com. Retrieved 21 September 2012.
  6. ↑ "Ricoh to Acquire IKON Office Solutions, Inc.". Ricoh. August 27, 2008. Retrieved 2008-08-29.
  7. ↑ "RICOH COMPLETES ACQUISITION OF IKON OFFICE SOLUTIONS, INC.". Ricoh. November 1, 2008. Retrieved 2008-11-01.
  8. ↑ "Reuters Ricoh to buy Pentax." Ricoh to buy Pentax from Hoya. July 1, Retrieved 2011 July 1, 2011.
  9. 1 2 "Ricoh Establishes PENTAX RICOH I...". Ricoh Global. Retrieved 16 August 2015.
  10. ↑ "Ricoh to acquire HOYA's PENTAX I...". Ricoh Global. Retrieved 16 August 2015.
  11. ↑ "COMPANY NAME CHANGE". Retrieved 16 August 2015.
  12. ↑ "Ricoh India ties up with Siemens to offer digital lifecycle management software". 8 January 2016. Retrieved 9 January 2016 – via Economic Times.
  13. ↑ Choudhary, Shrimi (19 July 2016). "Ricoh India admits accounting violations, falsification of books". Business Standard. Mumbai. Retrieved July 25, 2016.
  14. ↑ Jain, Upasana (25 July 2016). "Ricoh India chairman Tetsuya Takano resigns". Livemint. New Delhi. Retrieved 25 July 2016.
  15. ↑ http://www.ricoh-usa.com/products/solutions/intellichoice.asp?pCatName=Sniaturolutions&tsn=
  16. ↑ "Company History". Ricoh Company, Limited. 2013. Retrieved 2013-10-30. Jul. 1996[:] Ricoh inaugurates Aficio as unified global brand for Ricoh products.
  17. ↑ http://www.ricoh-eco.com/home.asp
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