FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January 2007
Commission File Number 2 - 68279
RICOH COMPANY, LTD.
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(Translation of Registrant's name into English)
13-1, Ginza 8-Chome, Chuo-ku, Tokyo 104-8222, Japan
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(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.)
Form 20-F X Form 40-F __
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): __ )
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): __ )
(Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)
Yes __ No X
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-__ )
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Ricoh Company, Ltd.
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(Registrant)
By: /S/ Zenji Miura
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Zenji Miura
Director, Chief Financial Officer
Corporate Executive Vice President
January 25, 2006
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January 25, 2007
Ricoh Company, Ltd.
IBM Corporation
Ricoh and IBM announced formation of a joint venture company
to provide output solutions for production printing area
~ The company will be fully owned by Ricoh after 3 years
Ricoh Company, Ltd. (Ricoh) and IBM Corporation (IBM) today announced
formation of a joint venture company, called InfoPrint Solutions Company, based
on IBM's Printing Systems Division.
Ricoh will initially acquire 51 percent of the joint venture, and will
progressively acquire the remaining 49 percent from IBM over the next three
years as the new company evolves into a fully owned subsidiary of Ricoh. As
consideration for the transaction, Ricoh will pay $725 million in cash upon
closing, which includes a management fee of $35 million, in the second quarter
of 2007. The cash received is consideration for the initial 51 percent
acquisition in the joint venture by Ricoh as well as a prepayment for the
remaining 49 percent to be acquired and services to be provided by IBM to the
new company. Final consideration for this transaction will be determined at the
end of the three-year period based upon the participation in the profits gain
and losses recorded by the equity partners.
Ricoh is a global leader in digital office solution by providing hardware,
as Multi-function printers (MFPs) and laser printers, and software, systems and
document solutions to office. Ricoh has been expanding its business area from
office to production printing by acquiring Hitachi Printing Solutions, Ltd. in
2004.
In other hand, IBM has great experiences of providing highly value-added
enterprise printing solutions including printers, software, IT solutions,
services and supports for 40 years.
We believe that the business collaboration between Ricoh and IBM based on
the formation of new joint venture is a big step for growth to both companies,
and that the new company will contribute greatly for Ricoh to grow more in
production printing area.
The new joint venture company will provide higher value to its customers by
integrating Ricoh Group's strength for development and manufacturing of
hardware and software and IBM's strength for services, software and IT
solutions. The company can also provide new solutions for production printing
market that is diversifying drastically as digitalization and colorization
expand. For example, it will provide not only the solutions of Total cost of
ownership (TCO) reduction and improving efficiency but also the solutions of
new printing application: seamless printing solutions for document workflow,
Variable Data Printing (VDP) solutions and Print On Demand (POD) solutions.
[Corporate profile of new company]
Name: InfoPrint Solutions Company
Address: Boulder, Colorado, U.S
President: Antonio Romero (Presidents and CEO)
Date of incorporation: 2nd quater of 2007 (April to June quater)
Number of employees: approximately 1,200 employees (1,000 IBM printer
maintenance specialists also will join in a year)
Sales: approximately $1 billion (sales of IBM Printing Systems
Division in FY2006)
Business content: Sales and development of software for production printing
[Influence for Ricoh's consolidated financial figures]
None for fiscal year 2007 ending March 31, 2007 is expected. Ricoh will
disclose the forecast of fiscal year 2008 ending March 31, 2008 with including
the influence of this release.
Contact for press:
Ricoh Company, Ltd.
PR Department
8-13-1 Ginza, Chuo-ku, Tokyo, Japan
+81-3-6278-5228(Japan)
IBM Japan
Public Relations
3-2-12 Roppongi, Minato-ku, Tokyo, Japan
+81-3-5563-4300(Japan)