Ricoh : Announcement Regarding Status of Share Repurchase
April 04, 2021
Share
April 5, 2021
Company Name: Ricoh Company, Ltd.
President and CEO: Yoshinori Yamashita
Stock code: 7752 (First Section of Tokyo Stock
Exchange)
Contact: Shingo Tateishi
General Manager, PR Department
Tel. +81-50-3814-2806
Announcement Regarding Status of Share Repurchase
Ricoh Company, Ltd., announces the status of share repurchase resolved in the Board of Directors meeting held on March 3, 2021, in accordance with Article 156 of the Companies Act of Japan and pursuant to Article 165, Paragraph 3, of the Companies Act.
(1)
Share category
Common stock
(2)
Number of shares
6,213,000 shares
(3)
Repurchase cost
¥ 7,290,939,800
(4)
Period
March 4, 2021, through March 31, 2021
(on trade date basis)
(5)
Method
Open market purchase on Tokyo Stock Exchange
(Reference)
1. The matters for resolution at the Board of Directors meeting held on March 3, 2021
(1)
Share category
Common stock
(2)
Number of shares
Up to 145,000,000 (representing 20.02% of issued and
outstanding shares excluding treasury shares)
(3)
Repurchase ceiling
¥100 billion
(4)
Period
March 4, 2021, through March 3, 2022
(5)
Method
Open market purchase on Tokyo Stock Exchange
2. Total number of shares repurchase (as of March 31, 2021)
(1)
Total number of shares repurchase
6,213,000 shares
(2)
Total repurchase cost
¥ 7,290,939,800
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Disclaimer
Ricoh Company Ltd. published this content on 05 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 15:59:06 UTC.
Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).