The Ricoh Building in Tokyo, the headquarters of Ricoh
Type
Public
Traded as
TYO: 7752
OTCQB: RICOY
BSE: 517496
Industry
Electronics
Founded
Tokyo, February 6, 1936; 89 years ago (1936-02-06)
Headquarters
Chūō, Tokyo, Japan
Area served
Worldwide
Key people
Shiro Kondo (Chairman)
Yoshinori Yamashita (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
¥2.063 trillion (Year ended March 31, 2018)
Net income
¥68.562 billion (Year ended March 31, 2018)
Number of employees
97,878 (as of March 31, 2018)
Website
www.ricoh.com
The Ricoh Company, Ltd. (/ˈriːkoʊ/) (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.
Contents
1History
2Operations
2.1Regional headquarters
2.2Ricoh Research
3Products
4Sponsorships
5References
6External links
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]
During the 1960s and 1970s Ricoh made wrist watches for both the Japanese domestic market and international markets, briefly entering into a partnership with Hamilton Watch Company, for the creation of the Ricoh Hamilton Electric watch.[5]
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 Coca-Cola 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 September 2005 Ricoh launched its newly designed logo for the Ricoh brand. The logo used before had been introduced in 1986.[6]
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 within each country in Europe. A single country organization 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 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.[7]
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.[8][9]
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).[10] 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.[11][12]
On October 1, 2011, Ricoh announced the establishment of Pentax Ricoh Imaging Company, LTD.[11] On August 1, 2013, the company name was changed to Ricoh Imaging Company Ltd.[13]
On January 8, 2016, Ricoh India stated they partnered with Siemens to offer digital lifecycle management software.[14]
On July 19, 2016, Ricoh India admitted to an estimated ₹1,123 crore accounting fraud.[15] CEO and Managing Director Manoj Kumar, and Chairman Tetsuya Takano have resigned from Ricoh India as a result.[16]
On January 18, 2017, Ricoh Limited announced the acquisition[17] of Avanti Computer Systems, headquartered in Toronto, Ontario, a leading provider of Print MIS (Management Information System) targeted for the production print market. The acquisition enabled Ricoh to further expand the value its production print workflow delivers to customers, as well as to help improve management efficiency and productivity of customers in the production printing market.
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
Americas Regional Headquarters Ricoh USA, Inc., located in Malvern, PA, USA, covers the United States and Canada while Ricoh Latin America, located in South Florida, covers the Latin American countries
Europe Regional Headquarters Ricoh International B.V., located in Amstelveen, the Netherlands and London, U.K. covers Europe, Africa and Middle East
Asia/Pacific Regional Headquarters Ricoh Asia Pacific Pte. Ltd., located in Singapore, covers South-East Asia, Australia, New Zealand and China
Ricoh Research
Products
Ricoh Theta V and SC 360-degree omnidirectional cameraCaplio R6Caplio GX100Ricoh 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:
Digital cameras
Compact
Ricoh Theta (360-degree compact - 14.5 megapixel)
Ricoh Caplio G3 (3.24-megapixel)
Ricoh Caplio G4 (3.24-megapixel)
Ricoh RDC-5300 (2.30-megapixel)
Ricoh Caplio Pro G3 GPS Camera, Network ready (3.24-megapixel)
Ricoh Caplio RX (3-megapixel)
Ricoh Caplio R1 (4-megapixel, also available as Rollei DR4)
Ricoh Caplio R1v (5-megapixel, also available as Rollei DR5)
Ricoh Caplio R2 (5-megapixel, larger screen, no viewfinder)
GlobalScan (document-capture and distribution software)
Projectors
Mobile
PJ X2130
PJ WX2130
Desk-Edge and Short Throw
PJ X3340
PJ WX3340
PJ WX3340N
PJ X4240N
PJ WX4240N
PJ X3241
Ultra-short-throw Projectors
PJ WX4141
PJ WX4141N
PJ WX4141NI
Standard Installation
PJ WX5361N
PJ X537N
Conference Room
PJ WX6170N
PJ X6180N
Unified Communication Systems
P1000
P3000
P3500
Ricoh UCS App for tablet and smartphones
Interactive WhiteBoard
Ricoh InteractiveWhiteboard D5500
Ricoh Data Center Services
Sponsorships
Ricoh Arena, Coventry, England
Ricoh Arena, a football and rugby stadium complete with a concert hall and conference facilities, opened in Coventry, England in 2005, bearing the company's name due to a naming rights agreement. Renamed City of Coventry Stadium during the 2012 Summer Olympics due to strict sponsorship rules.
Ricoh Black Rams, a Japanese rugby union team owned by Ricoh.
In 2007, Ricoh acquired title sponsorship of the Women's British Open, one of then four major championships recognized by the world's dominant women's golf tour, the U.S. LPGA Tour.
In November 2008, Ricoh unveiled the first eco-friendly billboard in Times Square, NY—entirely powered by the sun and the wind.[20]
References
↑"Company Data ." Ricoh. Retrieved on January 13, 2009.
↑"Free-up more time for essential business tasks with Print&Share from Ricoh". Ricoh. November 14, 2011. http://www.ricoh-europe.com/about-ricoh/news/2011/20111114-freeup-more-time-for-essential-business-tasks-with-printshare-from-ricoh.aspx.
↑"Outline of Ricoh." Ricoh. May 16, 1997. Retrieved on January 13, 2009.
↑"Topics - Annual Report 2006." Ricoh. Retrieved on January 13, 2009.
↑"Hamilton Ricoh - Electric Watches." Retrieved on February 1, 2018.
↑"Transition of the Ricoh logo". Ricoh. http://www.ricoh.com/about/company/history/logo/. Retrieved 2018-02-08.
↑"COMPANY NAME CHANGE". http://www.ricoh-imaging.co.jp/english/news/2013/20130702.html. Retrieved 2015-08-16.
↑"Ricoh India ties up with Siemens to offer digital lifecycle management software". 8 January 2016. http://economictimes.indiatimes.com/tech/software/ricoh-india-ties-up-with-siemens-to-offer-digital-lifecycle-management-software/articleshow/50501837.cms. Retrieved 2016-01-09.
↑Choudhary, Shrimi (19 July 2016). "Ricoh India admits accounting violations, falsification of books". Business Standard (Mumbai). http://www.business-standard.com/article/companies/ricoh-india-admits-accounting-violations-falsification-of-books-116071901198_1.html.
↑Jain, Upasana (25 July 2016). "Ricoh India chairman Tetsuya Takano resigns". Livemint (New Delhi). http://www.livemint.com/Companies/cZj8w6GWZYw1Z6Hq0MwkUJ/Ricoh-India-chairman-Tetsuya-Takano-resigns.html.
↑Ricoh. "Ricoh Acquires Avanti Computer Systems Limited" (in en). https://www.prnewswire.com/news-releases/ricoh-acquires-avanti-computer-systems-limited-300392712.html.
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