Ricoh : Securities Reports updated

Annual Securities Report

(The 122nd Business Term)

From April 1, 2021 to March 31, 2022

3-6, Nakamagome 1-chome,Ohta-ku, Tokyo

Ricoh Company, Ltd.

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[Cover]
[Document Filed]	Annual Securities Report ("Yukashoken Houkokusho")
[Applicable Law]	Article 24, Paragraph 1 of the Financial Instruments and Exchange Act of
	Japan
[Filed to]	Director, Kanto Local Finance Bureau
[Filing Date]	June 27, 2022
[Fiscal Year]	The 122nd Business Term (from April 1, 2021 to March 31, 2022)
[Company Name]	Kabushiki Kaisha Ricoh
[Company Name in English]	Ricoh Company, Ltd.
[Title and Name of	Yoshinori Yamashita
Representative]	Representative Director, President, Chief Executive Officer
[Address of Head Office]	3-6, Nakamagome 1-chome,Ohta-ku, Tokyo
[Phone No.]	03-3777-8111
[Contact Person]	Takashi Kawaguchi, Corporate Officer, Chief Financial Officer
[Contact Address]	3-6, Nakamagome 1-chome,Ohta-ku, Tokyo
[Phone No.]	03-3777-8111
[Contact Person]	Takashi Kawaguchi, Corporate Officer, Chief Financial Officer
[Place Where Available for	Tokyo Stock Exchange, Inc.
Public Inspection]	(2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo)

This is an English translation of the Annual Securities Report filed with the Director of the Kanto Local Finance Bureau via Electronic Disclosure for Investors' NETwork ("EDINET") pursuant to the Financial Instruments and Exchange Act of Japan. The translation of the Independent Auditors' Report is included at the end of this document.

In this document, the term "Ricoh" refers to Ricoh Company, Ltd. and our consolidated subsidiaries or as the context may require, and the term "the Company" refers to Ricoh Company, Ltd. on a nonconsolidated basis. References in this document to the "Financial Instruments and Exchange Act" are to the Financial Instruments and Exchange Act of Japan and other laws and regulations amending and/or supplementing the Financial Instruments and Exchange Act of Japan. References in this document to the "Companies Act" are to the Companies Act of Japan and other laws and regulations amending and/or supplementing the Companies Act of Japan.

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	Contents
I. Overview of the Company ....................................................................................................	4
1.	Key Financial Data...............................................................................................................	4
2.	History..................................................................................................................................	5
3.	Description of Business .......................................................................................................	8
4.	Information on Affiliates ...................................................................................................	12
5.	Employees ..........................................................................................................................	16
II.	Business Overview ...........................................................................................................	17
1.	Management policies, Management enviorments and issues to be solved ........................	17
2.	Risk Factors........................................................................................................................	41
3.	Analysis of Consolidated Financial Position, Operating Results and Cash Flows ............	57
4.	Material Agreements, etc. ..................................................................................................	67
5.	Research and Development................................................................................................	68
III. Property, Plant and Equipment.........................................................................................	80
1.	Summary of Capital Investments, etc. ...............................................................................	80
2.	Major Property, Plants and Equipment ..............................................................................	81
3.	Plans for Capital Investment, Disposals of Property, Plant and Equipment, etc. ..............	85
IV. Information on the Company ...........................................................................................	86
1.	Information on the Company's Stock, etc. ........................................................................	86
2.	Information on Acquisition, etc. of Treasury Stock...........................................................	94
3.	Dividend Policy..................................................................................................................	96
4.	Corporate Governance, etc.................................................................................................	97
V. Financial Information….............................................................................................................	F-1

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1. OVERVIEW OF THE COMPANY 1. KEY FINANCIAL DATA Consolidated financial data, etc.

(Millions of yen, unless otherwise stated) IFRSs

Fiscal year	118th	119th	120th	121st	122nd
business term	business term	business term	business term	business term
Year end	March 2018	March 2019	March 2020	March 2021	March 2022
Sales	2,063,363	2,013,228	2,008,580	1,682,069	1,758,587
Profit(loss) before income tax	(124,182)	83,964	75,891	(41,028)	44,388
expenses
Profit(loss) attributable to	(135,372)	49,526	39,546	(32,730)	30,371
owners of the parent
Comprehensive income(loss)
attributable to owners of the	(118,072)	30,304	6,949	21,897	90,733
parent
Equity attributable to owners	909,565	932,577	920,371	920,246	902,042
of the parent
Total assets	2,641,030	2,725,132	2,867,645	1,887,868	1,853,254
Equity per share attributable to	1,254.79	1,286.56	1,270.47	1,281.29	1,416.08
owners of the parent (yen)
Earnings(loss) per share
attributable to owners of the	(186.75)	68.32	54.58	(45.20)	45.35
parent, basic (yen)
Earnings(loss) per share
attributable to owners of the	－	－	54.58	(45.20)	45.34
parent, diluted (yen)
Equity attributable to owners of	34.44	34.22	32.10	48.75	48.67
the parent ratio (%)
Profit(loss) to equity
attributable to owners of the	(13.87)	5.38	4.27	(3.56)	3.33
parent ratio (%)
Price earnings ratio (times)	－	16.93	14.55	－	23.42
Net cash provided by operating	110,288	81,947	116,701	126,962	82,462
activities
Net cash used in investing	(81,077)	(45,931)	(164,591)	(63,559)	(59,355)
activities
Net cash provided by (used in)	6,407	42,424	75,757	(4,085)	(131,685)
financing activities
Cash and cash equivalents at	160,568	240,099	263,688	330,344	234,020
end of year
Number of employees	97,878	92,663	90,141	81,184	78,360

(Note) 1. Ricoh's consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRSs").

1. There were no diluted shares for the year 2018 and 2019.
2. Price earnings ratio are not shown because there were losses per share attributable to owners of

the parent for the year 2018 and 2021.

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2. HISTORY
February 1936	Riken Kankoshi Co., Ltd. is formed to manufacture and sell sensitized paper.
March 1938	The Company's name is changed to Riken Optical Co., Ltd. and starts manufacturing and
	selling optical devices and equipment.
May 1949	The Company lists its securities on the Tokyo and Osaka Stock Exchanges.
April 1954	The Company establishes an optical device and equipment plant in Ohmori, Ohta-ku,
	Tokyo (now known as the Head office).
May 1955	The Company begins manufacturing and selling desktop copiers.
May 1961	The Company establishes a sensitized paper plant in Ikeda, Osaka (now known as the
	Ikeda plant).
October 1961	The Company lists its securities on the First Section of each of the Tokyo and Osaka
	Stock Exchanges.
June 1962	The Company starts operations of a paper plant in Numazu, Shizuoka, which featured
	a fully-integrated sensitized paper production system (now known as the Numazu
	plant).
December 1962	The Company establishes Ricoh of America, Inc. (a subsidiary, now known as Ricoh
	USA, Inc.).
April 1963	The Company changes its corporate name to Ricoh Company, Ltd.
July 1967	The Company establishes Tohoku Ricoh Co., Ltd. in Shibata-gun, Miyagi.
May 1971	The Company completes its manufacturing facility in Atsugi, Kanagawa (now known
	as the Atsugi plant), to which it transfers some of its office equipment production
	from the Ohmori plant.
June 1971	The Company establishes Ricoh Nederland B.V. (a subsidiary, now known as Ricoh
	Europe Holdings B.V.) in the Netherlands.
January 1973	The Company establishes Ricoh Electronics, Inc. (a subsidiary) in the United States.
December 1976	The Company forms Ricoh Credit Co., Ltd. (an affiliate, now known as Ricoh Leasing
	Co., Ltd.).
December 1978	The Company establishes Ricoh Business Machines, Ltd. (a subsidiary, now known
	as Ricoh Hong Kong Ltd.).
March 1981	The Company builds the Ricoh Electronics Development Center at the Ikeda plant to
	develop and manufacture electronic devices.
May 1982	The Company establishes sensitized paper production facilities in Sakai, Fukui (now
	known as the Fukui plant).
December 1983	The Company establishes Ricoh UK Products Ltd. (a subsidiary).
October 1985	The Company builds a copier manufacturing plant in Gotemba, Shizuoka which takes
	over some of production from Atsugi plant.
April 1986	The Company opens a research and development ("R&D") facility in Yokohama,
	Kanagawa (now known as the Yokohama Nakamachidai office) in commemoration
	of the Company's 50th anniversary, to which it transfers some of its R&D operations
	from the Ohmori plant.
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