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                                                                     Exhibit 1.4

                 Regulations of The Board of Corporate Auditors
                              (English Translation)
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                                  (Translation)

                 REGULATIONS OF THE BOARD OF CORPORATE AUDITORS
                                       OF
                               RICOH COMPANY, LTD.

(Purpose)


Article 1.   Pursuant to laws, ordinances and the Articles of Incorporation,
             these Regulations shall set forth matters concerning the Board of
             Corporate Auditors of the Company.

(Organization)


Article 2.   The Board of Corporate Auditors shall consist of all Corporate
             Auditors.

(Objectives of Board of Corporate Auditors)


Article 3.   The Board of Corporate Auditors shall receive reports, discuss or
             resolve important matters relating to audits; provided, however,
             that each Corporate Auditor shall not be prevented from exercising
             its power.

(Holding of Meetings)


Article 4.   Meetings of the Board of Corporate Auditors shall be held, as a
             general rule, at least once every three (3) months; provided,
             however, that meetings may be held from time to time whenever
             necessary.

(Person Convening Meetings and Chairman)


Article 5.   (1) The Board of Corporate Auditors may appoint in advance, from
             among the Corporate Auditors, a Corporate Auditor who shall convene
             meetings of the Board of Corporate Auditors; provided, however,
             that other Corporate Auditors shall not be prevented from convening
             any meetings.

             (2) The person who has convened the meeting of the Board of
             Corporate Auditors pursuant to the preceding paragraph shall act as
             chairman at the meeting.

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(Convocation Notice)


Article 6.   (1) A notice of convocation of a meeting of the Board of Corporate
             Auditors shall be dispatched to each Corporate Auditor at least
             three (3) days prior to the date set forth for such meeting.

             (2) With the consent of all Corporate Auditors, a meeting of the
             Board of Corporate Auditors may be held without the convocation
             procedure.

(Method of Adopting Resolutions)


Article 7.   (1) "Resolution of the Board of Corporate Auditors" shall mean a
             decision of the matters which are subject to the agreement of the
             Corporate Auditors. In such case, the resolution shall be adopted
             by the affirmative vote of a majority of all Corporate Auditors,
             unless otherwise provided in these Regulations.

             (2) The resolutions shall be adopted after taking into deliberation
             all sufficient information and materials.

(Resolutions relating to Audit Policies, etc.)


Article 8.   (1) Matters such as audit policy, audit plan, audit methods,
             assignment of audit work, budget for audit expenses and independent
             outside advisors' expenses, etc. shall be determined by a
             resolution of the Board of Corporate Auditors following discussions
             at a meeting of the Board of Corporate Auditors at the commencement
             of an audit.

             (2) All matters other than those referred to in the preceding
             paragraph, which any Corporate Auditor deems necessary in order to
             fulfill his duties, may be determined by a resolution of the Board
             of Corporate Auditors.

(Report by Corporate Auditors to the Board of Corporate Auditors)


Article 9.   (1) Each Corporate Auditor shall report to the Board of Corporate
             Auditors on the status of conducting its duties from time to time
             and whenever requested by the Board of Corporate Auditors.

             (2) Any Corporate Auditor who receives a report from an Accounting
             Auditor (Kaikei Kansanin), a Director or any other person shall
             make a report to the Board of Corporate Auditors.

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(Hearing Reports from the Accounting Auditor or Directors, etc.)


Article 10.  Corporate Auditors may request the Accounting Auditors, Directors
             or any other related persons to attend the meeting of the Board of
             Corporate Auditors and to provide an opinion or a report to the
             Board of Corporate Auditors as it deems necessary.

(Measures for Special Reports)


Article 11.  (1) In the case that the Board of Corporate Auditors receives a
             report from a Director that such Director has found a fact that may
             cause material damage to the Company, the Board of Corporate
             Auditors shall deliberate whether or not any investigation is
             necessary.

             (2) In the case that the Board of Corporate Auditors receives a
             report from an Accounting Auditor that such Accounting Auditor has
             discovered unfair practices of a Director pertaining to the duties
             of a Director or any material fact which is in violation of the
             laws, ordinances or the Articles of Incorporation, the Board of
             Corporate Auditors shall take the same measure as referred to in
             the preceding paragraph.

(Measures for Internal and External Claims and Accusations)


Article 12.  (1) The Board of Corporate Auditors shall delegate a part of its
             business to accept, keep and handle claims and accusations of any
             flaws concerning accounting, internal accounting controls or
             auditing to the Corporate Social Responsibility (hereinafter the
             "CSR") Enhancement Section.

             (2) In the case that the Board of Corporate Auditors receives from
             the CSR Enhancement Section a report on the claims and accusations
             described in the previous paragraph concerning the
             matters stated below, Article 11, Paragraph 1 shall apply mutatis
             mutandis:

             1.   Matters stated in the Corporate Auditors' audit report
                  (relating to Article 133, Paragraph 1 of the Commercial Code
                  Enforcement Rules);

             2.   Matters relating to derivative actions by shareholders;

             3.   Important matters affecting the corporate performance; and

             4.   Other material violations of compliance and important flaws
                  concerning accounting, internal accounting controls or
                  auditing.

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(Preparation of Audit Reports)


Article 13.  (1) The Board of Corporate Auditors shall receive financial
             documents, etc. from the Directors and the audit report, etc. from
             the Accounting Auditors. The Board of Corporate Auditors may cause
             a Full-Time Corporate Auditor to receive such documents.

             (2) The Board of Corporate Auditors shall receive a report from the
             Corporate Auditors on matters covered by the audit report, etc. and
             prepare its audit report through discussions among themselves.

             (3) If any Corporate Auditor expresses a different opinion, such
             opinion shall be stated in the audit report.

             (4) Each Corporate Auditor shall sign, and affix his/her seal to,
             the audit report. Full-Time Corporate Auditors shall be named as
             such in the audit report.

(Resolutions on Appointment, Non-Reappointment and Discharge of Accounting
Auditors)


Article 14.  (1) The following matters relating to the appointment,
             non-reappointment and discharge of Accounting Auditors shall be
             determined by a resolution of the Board of Corporate Auditors:

             1.    Consent to the proposal concerning the appointment,
                   non-reappointment and discharge of Accounting Auditors to be
                   submitted to the Meeting of the Shareholders;

             2.    Request to include the appointment, non-reappointment and
                   dismissal of an Accounting Auditors in the agenda of the
                   Meeting of the Shareholders;

             3.    Request to submit a proposal relating to the appointment of
                   the Accounting Auditors to the Meeting of the Shareholders;
                   and

             4.    Appointment of provisional Accounting Auditors, in case of an
                   absence in the office of the Accounting Auditors.

             (2) In the case that the Board of Corporate Auditors shall
             discharge Accounting Auditors based upon any reason provided for by
             statute, a resolution of the Board of Corporate Auditors for such
             discharge shall be adopted unanimously. In such case, the Corporate
             Auditor designated by the Board of Corporate Auditors shall report
             such discharge and the reason thereof at the first Meeting of the
             Shareholders held immediately after such discharge.

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(Resolutions of Appointment and Discharge of Independent Outside Advisors)


Article 14-2.  Independent Outside Advisors shall be appointed and discharged by
               a resolution of the Board of Corporate Auditors.

(Right to Give Consent and Proposal concerning the Appointment of Corporate
Auditors)


Article 14-3.  The following matters concerning the appointment of the Corporate
               Auditors shall be determined by a resolution of the Board of
               Corporate Auditors:

               (1) Consent to the proposal concerning the appointment of a
               Corporate Auditor to be submitted to the Meeting of the
               Shareholders;

               (2) Request to include the appointment of a Corporate Auditor in
               the agenda of the Meeting of the Shareholders; and

               (3) Request to submit a proposal relating to the appointment of a
               Corporate Auditor to the Meeting of the Shareholders.

(Consent of the Board of Corporate Auditors)


Article 14-4.  A consent of the Board of Corporate Auditors relating to the
               following proposals, etc. shall be adopted pursuant to an
               unanimous resolution of the Board of Corporate Auditors:

               (1) Proposal to exempt Directors from their liabilities which is
               to be submitted to the Meeting of the Shareholders;

               (2) Proposal to amend the Articles of Incorporation to enable the
               Company to exempt Directors from their liabilities by a
               resolution of the Board of Directors;

               (3) Proposal to exempt Directors from their liabilities which is
               to be submitted to a meeting of the Board of Directors pursuant
               to the provisions of the Articles of Incorporation;

               (4) Proposal to amend the Articles of Incorporation to enable the
               Company to enter into an agreement with any outside Director
               (shagai torishimariyaku) to limit his/her liabilities; and

               (5) Proposal for the Company to participate in a litigation to
               support a Director.

(Report and Confirmation of the Contents of the Securities Report and the Annual
Report)


Article 14-5.  The Board of Corporate Auditors shall receive reports from the
               Disclosure Committee and confirm the contents of the Securities
               Report prepared pursuant to

(Pre-Approval relating to the Independence of Accounting Auditors)


Article 14-6.  (1) The Board of Corporate Auditors shall pre-approve the Audit
               Services and Non-Audit Services to be provided to the Company and
               its subsidiaries by Accounting Auditors.

               (2) The Board of Corporate Auditors shall enact "Audit and
               Non-Audit Services Pre-Approval Policy" as its policy and
               procedures for pre-approval.

               (3) The Board of Corporate Auditors may, by resolution, delegate
               its business of pre-approval to an outside Corporate Auditor
               (shagai kansayaku).

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               the Securities and Exchange Law and the Annual Report on Form
               20-F prepared pursuant to the United States Securities Exchange
               Act of 1934, as amended.

(Consultation concerning Exercising Powers of the Corporate Auditor)


Article 15.    The Corporate Auditor may consult each other at a meeting of the
               Board of Corporate Auditors prior to the performance of their
               duties or exercise of their powers on the following matters:

               1.   Providing an explanation to respond to inquiries posed in
                    writing by a shareholder prior to the Meeting of the
                    Shareholders;

               2.   Reporting to the Board of Directors and requesting to
                    convene a meeting thereof, etc.;

               3.   Providing an opinion on proposals, documents and other
                    material to be submitted to the Meeting of the Shareholders;

               4.   Requesting an injunction for an unlawful action by a
                    Director;

               5.   Providing an opinion at the Meeting of the Shareholders as
                    to the appointment, discharge, resignation of and
                    remuneration for Corporate Auditors;

               6.   Matters concerning a litigation between the Company and a
                    Director; and

               7.   Other matters relating to a filing of any litigation.

(Consultation Concerning the Election of Full-Time Corporate Auditors and
Remuneration)


Article 16.    The election of Full-Time Corporate Auditors from among the
               Corporate Auditors and remuneration therefor may be discussed at
               a meeting of the Board of Corporate Auditors.

(Appointment of Full-Time Corporate Auditors)


Article 16-2.  The Corporate Auditors may elect Full-Time Corporate Auditors
               from among themselves.

(Minutes)


Article 17.    (1) The summary of the proceedings at a meeting of the Board of
               Corporate Auditors and the results thereof shall be contained and
               recorded in the minutes of the meeting of the Board of Corporate
               Auditors, to which each Corporate Auditor present at such meeting
               shall print his/her name and affix his/her seal or provide a

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               signature in electronic format. The minutes of the meeting of the
               Board of Corporate Auditors shall be treated in the same manner
               as the minutes of the meeting of the Board of Directors.

               (2) The minutes referred to in the preceding paragraph shall be
               kept for ten (10) years at the principal office of the Company.

(Board of Corporate Auditors Office)


Article 18.    The Board of Corporate Auditors Office shall handle matters such
               as the convocation of meetings of the Board of Corporate
               Auditors, drafting of the minutes, and other work concerning the
               administration of the Board of Corporate Auditors meeting.

(Amendment to or Abolition of These Regulations)


Article 19.    The Board of Corporate Auditors is authorized and empowered to
               amend or abolish these Regulations.

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                            SUPPLEMENTARY PROVISIONS

     1.   Date of Enactment:                     May 1, 2002

     2.   Approved by:                           The Board of Corporate Auditors

     3.   Established by:                        Chief of Audit Section

     4.   Section in Charge:                     Audit Section

     5.   History of Establishment and Amendments

Date of Establishment and Enactment:
                                    November 1, 1978 (Chief of Audit Section)

Date of Enactment of Amendments:
                                    June 29, 1982 (Chief of Audit Section)

Date of Enactment of Amendments:
                                    June 29, 1994 (Chief of Audit Section)

Date of Enactment of Amendments:
                                    May 1, 2002 (Chief of Audit Section)

Date of Enactment of Amendments:
                                    May 1, 2003 (Chief of Audit Section)

Date of Enactment of Amendments:
                                    October 17, 2003 (Chief of Audit Section)

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