Notice regarding Transfers (Acquisition of Shares) in Consolidated Subsidiaries

TOKYO, May 19, 2023 – Ricoh Company, Ltd. (President and CEO: Akira Oyama; hereinafter “Ricoh”) and Toshiba Tec Corporation (President and CEO: Hironobu Nishikori; hereinafter “Toshiba Tec”) today resolved at their respective Board of Directors' meetings to integrate, through company splits and other means, the businesses relating to the development and production of multifunction printers and other devices (“Business Integration”) effective on a specific day between April 1, 2024 and June 30, 2024 to be separately agreed upon by the two companies, as described in the “Notice regarding Business Partnership and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to MFPs' development and manufacturing between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split)” announced jointly by the companies.

Ricoh hereby announces that, in conjunction with the Business Integration, Ricoh Technologies Company, Ltd. (hereinafter the “Joint Venture”), a consolidated subsidiary of Ricoh which will become a parent company of the Joint Venture, and Toshiba Tec will enter into an absorption-type company split agreement. Ricoh's Board of Directors resolved to transfer the shares of five consolidated subsidiaries to the Joint Venture (the “Acquisition of Shares”) through an absorption-type company split under such agreement.

For further detail, please see the link below.

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