Notice of Inauguration of ETRIA CO., LTD.

YOKOHAMA July 1, 2024 - ETRIA CO., LTD. (President and CEO: Katsunori Nakata, ETRIA) launched today, July 1, 2024.

A joint venture between Ricoh and Toshiba Tec, ETRIA integrates the two companies’ businesses related to developing and producing MFPs and printers for office use and their peripheral equipment and related consumables. The name ETRIA is a word coined by combining “Eternal,” “TRy,” “Innovation,” and “Alliance,” meaning the company’s commitment to mobilize technological capabilities and continue to challenge innovation. Recognizing that being close to customers is the driving force behind value creation, the tagline “Your Digital device partner” was chosen to evoke a sense of affinity.

ETRIA aims to strengthen its manufacturing structure by establishing a stable supply chain for highly competitive products through the standardization of core parts of MFPs and printers, joint purchasing of parts and materials, and mutual utilization of production sites. MFPs and printers are not just for printing and copying paper; they also handle the input and output of converting analog and digital data related to business operations. These devices are essential for providing solutions to solve various business issues for customers and enhance their operations. Leveraging the manufacturing technologies and expertise that Ricoh and Toshiba Tec have cultivated over the years, ETRIA strives to offer more competitive and high-value-added MFPs and printers and jointly plan and develop new devices to support customers’ digital transformation.

Furthermore, ETRIA will accelerate its efforts to meet the growing demands of recent years, such as the need for increasingly sophisticated product security, to improve energy efficiency and environmental performance of products, and adherence to the principles of a circular economy. This will be achieved by combining the efforts of Ricoh and Toshiba Tec. As a leading manufacturing company, ETRIA is committed to contributing to the realization of a sustainable society through its business activities.

ETRIA will supply high-value-added and competitive devices to Ricoh and Toshiba Tec. Both companies will maintain their respective product brands and sales channels while leveraging their respective strengths to offer customers the best products and solutions.

Company name: ETRIA CO., LTD.
Head Office: Yokohama Gate Tower, 1-2-5 Takashima, Nishi-ku, Yokohama, Kanagawa, Japan
Name and title of representative: Katsunori Nakata, President and Chief Executive Officer
Business activities: Development, production and sales of office equipment, industrial equipment, optical equipment, and peripheral equipment and consumables, and the like.
Shareholder composition: Ricoh Company, Ltd. 85%, Toshiba Tec Corporation 15%
Group Number of employees: approx. 11,400 (including subsidiaries)
Number of group companies: 15 companies (6 countries)

(Update on Previously Disclosed Transaction) Notice regarding the Completion of entering into a Joint Venture Company ETRIA CO, LTD.　(Ricoh)
*Company and product names are trademarks or registered trademarks of their respective companies.

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces, workspaces and optimize business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organizational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).

It is Ricoh’s mission and vision to empower individuals to find Fulfillment through Work by understanding and transforming how people work so we can unleash their potential and creativity to realize a sustainable future.

For further information, please visit www.ricoh.com