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Ricoh to sell off divisions?

Nikkan Kogyo Shimbun Newspaper is reporting that Ricoh’s CFO, Shun Kawaguchi apparently announced that company is set to evaluate Ricoh’s many businesses and determine with it will withdraw from or attempt to sell

  • Company aims to increase its return on investment in 2023 fiscal year, with goal of 8% ROI
  • “The time has come for us to make choices about our business”
  • Shifting from a “multi-function machine to a digital service company”

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