OKI joins ETRIA joint venture
February 13, 2025
Ricoh Company, Ltd. (Ricoh), ETRIA CO., LTD. (ETRIA), Toshiba Tec Corporation (Toshiba Tec), and Oki Electric Industry Co., Ltd. (OKI) announced that ETRIA, a joint venture company that was formed on 1 July 2024 to integrate Ricoh and Toshiba Tec’s multifunction printers (MFPs) development and manufacturing, will welcome a new partner, OKI.
ETRIA aims to become the leading manufacturing company that will continue to be needed around the world by combining the development and production technologies of like-minded companies, optimising everything from product planning and development to procurement and production of raw materials and parts.
As a manufacturing company that is agile to change, ETRIA will energise manufacturing in Japan. With OKI’s participation, ETRIA said it will strengthen its ability to respond to environmental changes and achieve the following. OKI is the third company to join ETRIA.
The participation of OKI in ETRIA is expected to enhance development capability through LED print head technology acquisition, increase profitability through commonization of engines and key parts, acquire technologies and products for new business creation, and achieve production capacity expansion in the Asian region.
By OKI joining ETRIA, OKI said it will improve product competitiveness by accelerating technology integration, including LED print head technology and enhancing engine development. Also, through commonisation of engines and key parts and improved efficiency of production and procurement, OKI aims to increase profitability and resilient production system to respond to environmental changes. In terms of new business creation, OKI said it expects innovation creation, which was not possible by OKI alone but by bringing together each company’s areas of expertise.
Ricoh, ETRIA, and OKI entered into an agreement setting out the various conditions for business integration of OKI’s development and production of multifunction printers, etc., into ETIRA (the “Business Integration”) through a company split, with an effective date of 1 October 2025 (scheduled). Ricoh, Toshiba Tec, and OKI, have concluded a shareholders’ agreement regarding the operation of ETRIA after the Business Integration.
As a result of the Business Integration, the investment ratio of the three companies in ETRIA will be: Ricoh 80.74%, Toshiba Tec 14.25%, and OKI 5.01%. The investment ratio of Toshiba Tec in ETRIA will change from 15% to 14.25%, and ETRIA will cease to be Toshiba Tec’s equity method affiliate.
Categories : City News
Tags : Collaboration ETRIA Joint Venture MFPs OKI Ricoh Toshiba Tec
