News Release Notice Regarding the Arbitral Award of Arbitration Request Filed by Ricoh Subsidiary and Revision to the Forecast of Consolidated Operating Results for the Fiscal Year Ending March 31, 2025
TOKYO, November 25, 2024 – Ricoh Company, Ltd. today announced that Ricoh Asia Industry (Shenzhen) Ltd., a subsidiary of Ricoh, has received the arbitral award for the arbitration of which the proceedings were filed and continued by RAI against Shenzhen Spacetime Ltd. and Derun Real Estate Development Group Co., Ltd., a joint guarantor of SSTL, at the Shenzhen Court of International Arbitration.
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| About Ricoh |
Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces, workspaces and optimize business performance.
Headquartered in Tokyo, Ricoh's global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organizational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).
It is Ricoh's mission and vision to empower individuals to find Fulfillment through Work by understanding and transforming how people work so we can unleash their potential and creativity to realize a sustainable future.
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