MEMBERSHIP

August 24, 2023
Company name
Representative

Contact

Company name
Representative

Contact

Ricoh Company, Ltd.
Akira Oyama
President and CEO(Securities code: 7752,
Tokyo Stock Exchange Prime Market)
Takashi Kawaguchi
Executive Corporate Officer and CFO(TEL: +81-50-3814-2805)
Toshiba Tec Corporation
Hironobu Nishikori
Representative Director
President and Chief Executive Officer(Securities code: 6588,
Tokyo Stock Exchange Prime Market)
Akira Abe
General Manager of Corporate
Communications Division(TEL: +81-3-6830-9151)(Progress and changes in disclosure matters) Notice regarding
a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation bynecessary procedures such as Company Split (Simplified Absorption-type Company Split), andthe conclusion of a Business Integration Agreement and a Shareholders Agreement related to theintegration of MFP’s development and manufacturing

Ricoh Company, Ltd. (President and CEO: Akira Oyama, “Ricoh”) and Toshiba Tec Corporation(Representative Director, President and Chief Executive Officer: Hironobu Nishikori, “Toshiba Tec”) willproceed with necessary procedures such as company split with the aim of integrating their business of thedevelopment and manufacturing of multifunction printers (the “Business Integration”) and organizing a jointventure company which shareholders will be Ricoh and Toshiba Tec to develop and manufacture multifunction
printers, as announced in the “Notice regarding a Business Partnership between Ricoh Company, Ltd., andToshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type
Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related
to the integration of MFP’s development and manufacturing” released on May 19, 2023 (partial corrections arealready made as announced in the “(Corrections) Notice Regarding Partial Corrections to the “Notice regarding
a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures
such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business
Integration Agreement and a Shareholders Agreement related to the integration of MFP’s development andmanufacturing”” released on July 19, 2023, hereinafter “Previous Timely Disclosure”).

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In relation to this, Ricoh and Toshiba Tec hereby announce that the scope of the Business Integration has
been changed as follows. Further, in conjunction with this change, the two companies hereby announce thatsome of the figures described in the Previous Timely Disclosure have been also changed as follows. Each term
used but not defined otherwise herein shall have the meaning provided in the Previous Timely Disclosure.
Note
1. Reason for Changes
In the Previous Timely Disclosure, it was announced that the scope of the Business Integration would be
the business of the development and production of multifunction printers in Japan and overseas of bothcompanies, and that although Toshiba Tec’s businesses in certain countries were to be excluded, there may
be a possibility for them to be included in the scope of the Business Integration at Toshiba Tec’s discretion
after the completion of certain procedures.
Following the completion of consultation with the works’ council of a French subsidiary of Toshiba Tec,
Toshiba Tec Europe Imaging Systems S.A., Toshiba Tec has decided to include its business of thedevelopment and production of multifunction printers in France in the scope of the Business Integration.
Also, this has resulted in changes in some parts of the Previous Timely Disclosure (the “Changes”).
2. Details of the Changes
In the Previous Timely Disclosure, under “7. Outline of the splitting business”, sections “(2) Businessresults of the division to be split (FY ended March 2022*)” and “(3) Items and book value of assets andliabilities to be split (as of March 31, 2022*)” are changed as follows. Corrected items are underlined andcertain information without corrections is omitted.
(Before Corrections)(2) Business results of the division to be split (FY ended March 2022*)
Ricoh

Toshiba Tec(Omitted)

Net sales

66,039 million yen*(Omitted)(3) Items and book value of assets and liabilities to be split (as of March 31, 2022*)
Ricoh(Omitted)
Toshiba Tec
AssetsLiabilities

Current assets

21,538 million yen

Interest-bearing debt

2,432 million yen

Fixed assets

6,703 million yen

Other liabilities

15,559 million yen

Total

28,241 million yen

Total

17,991 million yen*(Omitted)
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(After Corrections)(2) Business results of the division to be split (FY ended March 2022*)
RicohToshiba Tec(Omitted)

Net sales

66,508 million yen*(Omitted)(3) Items and book value of assets and liabilities to be split (as of March 31, 2022*)
Ricoh(Omitted)
Toshiba Tec
AssetsLiabilities

Current assets

22,435 million yen

Interest-bearing debt

2,469 million yen

Fixed assets

7,569 million yen

Other liabilities

15,510 million yen

Total

30,003 million yen

Total

17,979 million yen*(Omitted)
3. Future outlook
The impact of the Changes on the consolidated financial results for the current fiscal year of bothcompanies is under review. When a matter that should be disclosed is occurred or decided, Ricoh and Toshiba
Tec will disclose it promptly.

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