Ricoh Company, Ltd. (TSE:7752) announces a share repurchase program. Under the program, the company will repurchase up to 36,000,000 shares, representing 5.91% of its total shares outstanding excluding treasury shares, for a total of ¥30,000 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency.

The repurchased shares will be cancelled. The repurchase program is valid till August 30, 2024. As of December 31, 2023, the company had 609,105,396 shares outstanding excluding treasury shares and had 416,582 shares in treasury.