The Institute of Physical and Chemical Research decided to establish Rikagaku Kogyo to market the results of its research and development. Riken Kankoshi Co., Ltd. (renamed Riken Optical Co., Ltd. in 1938 and Ricoh Company, Ltd. in 1963) was founded in 1936 by Rikagaku Kogyo to make and market sensitized paper. In 1937, Ricoh began selling cameras. It established Japan’s first mass manufacturing structure for cameras in 1950, boosting customer interest in the device. In 1955, the Ricopy 101 was introduced as the company’s first business machine.
About The Company
Ricoh Co Ltd (Ricoh) is a company that specializes in office and printing goods and services. Copiers, printers, network equipment, and related supplies and services are available from the company. Wide-format printers, scanners, personal computers, servers, cut sheet printers, inkjet heads, imaging systems, industrial printers, thermal sheets, precision mechanical components, optical equipment, digital cameras, thermal media, and electrical components are also available from Ricoh. Document-related services and solutions, related customer services, support, communication services, IT services, application and business process services, and financial services are all part of Ricoh’s service portfolio. The business has activities in the Americas, Asia Pacific, Europe, the Middle East, and Africa. Ricoh’s headquarters are in Tokyo’s Ohta-Ku neighborhood.
Acquisitions And Mergers
In the last five years, the Ricoh Company has purchased 14 enterprises Two of the acquisitions were made by private equity groups.
The Ricoh Company made its largest acquisition to date in 2008, when it paid $1.6 billion for IKON Office Solutions. The Ricoh Company has made acquisitions in five different US states and five other nations. Information technology (29 percent) and internet software and services are the top targeted areas for the company (22 percent).
Global Expansion
It boosted Ricoh’s solution capabilities by strengthening its worldwide sales network. To develop a global sales support structure, we bought Danka Business Systems PLC’s European operations in 2006 and IKON Office Solutions, Inc. in 2008.
With the IMAGIO 320, they invented the versatile digital copier for the office in 1987. They popularised digital models in 1996 when they introduced the imagio MF200, a small and economical copier. Following that, it released networkable and color options. Ricoh Asia Industry (Shenzhen) Ltd. was established to strengthen our foreign production structure. In 1995, we expanded our international sales network by acquiring Savin Corporation and Gestetner Holdings PLC.
Since the millennium began, they have strengthened its environmental and corporate social responsibility programs. For example, they were the second Japanese corporation to join the United Nations Global Compact in 2002. Their efforts earned them the Gold Medal for International Corporate Achievement in Sustainable Development from the World Environment Center in 2003, making them the first Asian company to win such an accolade.
CEO- Yoshinori Yamashita
Yoshinori Yamashita is the President and Chief Executive Officer of Ricoh, a Computer Equipment & peripheral firm founded in 1936 with an estimated 81.2 thousand people They are a member of the Executive team inside the C-Suite Department, and their management level is C-Level.. Yoshinori is currently based in Tokyo, Japan, after graduating from Hiroshima National University.
Yamashita noted that after becoming Ricoh’s president in 2017, he has “re-accelerated the practice of the spirit of three loves.” He has prioritized the provision of non-financial information to stakeholders and engagement with them as part of this initiative. Ricoh became the first Japanese company to join the RE100, an international program encouraging enterprises to convert to 100 percent renewable electricity, twenty days after assuming the position.
Ricoh became the only Asian founding member of Business for Inclusive Growth (B4IG), an international program aiming at encouraging diversity in workplaces and supply chains, in 2019. It has made progress in bridging the digital divide. Yamashita has tried to ensure that the perspectives of Japanese and Asians are reflected in the development of worldwide ESG regulations.
I am a second-year student pursuing Liberal Arts from Nmims. I am a painter, I love reading and have a great interest in cooking. I am also a trained kickboxer. I’ve always had a passion for writing and hence in my free time, I work as a freelance writer.