“Market Cap $8.38 B As of May 2014
At a Glance
- Industry: Business Products & Supplies
- Founded: 1936
- Country: Japan
- CEO: Shiro Kondo
- Website: www.ricoh.com
- Employees: 107,431
- Sales: $22.01 B
- Headquarters: Tokyo
#674 Global 2000
- #423 in Sales
- #995 in Profit
- #891 in Assets
- #1273 in Market value
Ricoh Co., Ltd. is engaged in the development, production, sale, and provision of services for imaging, solution and industrial products. It operates through the following segments: Imaging and Solutions, Industrial Products, and Other. The Imaging and Solutions segment provides imaging and network systems solutions. Its products include monochrome and color digital PPCs/MFPs, laser printers, GELJET printers, digital duplicators, projectors, video conference systems, facsimiles, scanners, related parts and supplies, services, support and software. The Industrial Products segment manufactures and sells thermal media, optical and electrical component units, semiconductor devices and electronic components. The Other segment includes digital cameras. The company was founded by Kiyoshi Ichimura on February 6, 1936 and is headquartered in Tokyo, Japan.“
Starting out—entering the business machines field (1936–)
Ricoh’s origins date to a decision of the Institute of Physical and Chemical Research to commercialize the fruits of its R&D by setting up Rikagaku Kogyo. In 1936, Rikagaku Kogyo established Riken Kankoshi Co., Ltd. (renamed Riken Optical Co., Ltd., in 1938, and Ricoh Company, Ltd., in 1963), to manufacture and sell sensitized paper. The Company started its camera business in 1937. In 1950, it created Japan’s first mass production structure for cameras, driving their popularity among consumers. The company entered the business machine field in 1955 by launching the Ricopy 101.
Coining OA acronym (1970–)
In 1974, Ricoh launched the RIFAX 600S, the world’s first high-speed office facsimile machine. In 1977, we coined the acronym OA, for office automation. During the 1980s, we extended our office productivity support by rolling out a lineup that included computers and word processors, optical filing systems, and laser printers.
Driving digitization (1985–)
In 1987, we pioneered the multifunctional digital copier for the office with the IMAGIO 320. In 1996, we helped popularize digital models by launching the imagio MF200, a compact and highly affordable copier. We thereafter released networkable and color offerings. We reinforced our overseas production structure, notably by establishing Ricoh Asia Industry (Shenzhen) Ltd. We broadened our international sales network in 1995, acquiring Savin Corporation and Gestetner Holdings PLC in the process.
Going global (2000–)
Ricoh strengthened its overseas sales network to bolster its solutions capabilities. We acquired the European operations of Danka Business Systems PLC in 2006 and bought IKON Office Solutions, Inc., in 2008 to build a global sales support structure.
We have reinforced our environmental and corporate social responsibility program since the start of the millennium. In 2002, for example, we were the second Japanese company to participate in the Global Compact of the United Nations. In 2003, our efforts earned us the World Environment Center Gold Medal for International Corporate Achievement in Sustainable Development, making us the first enterprise from Asia to receive such an honor.”
*Information from Forbes.com and Ricoh.com
**Video published on YouTube by “RicohMexicana“