Ricoh enters into business alliance
March 9, 2020
Ricoh Company, Ltd., Mizuho Leasing Company, Limited and Ricoh Leasing Company, Ltd. reached an agreement to enter into a business alliance between the three companies on the understanding that Mizuho Leasing will acquire 6,160,000 Ricoh Leasing shares (20.00%).
Through the business alliance, the three companies intend to work to further expand their businesses in growth areas and maximize corporate value by fusing their strengths and promoting collaboration.
Ricoh is transitioning from a traditional business structure focused on providing hardware for office equipment to a business structure that provides a wide range of services and solutions to customers’ offices and frontlines. This is based on the desire to expand the value provision to new customers, in addition to providing new value to office equipment customers.
Under these circumstances, Ricoh recognised that the importance of one-stop solutions using financing is becoming greater more than ever before given the expansions of the service business and subscription-type business.
Mizuho Leasing is looking to use its extensive knowledge of equipment, deep understanding of commercial distribution and advanced financial expertise and provide a wide range of financial services to expand its business, mainly in large and medium-sized businesses.
Ricoh Leasing has a vision of “beyond leasing” and in the slowdown of the domestic leasing market, it has not only leased office equipment, but has expanded its business domain by providing various services such as IT and medical equipment leasing as well as providing financial services such as cash collection and factoring.
In order to achieve further growth, Ricoh leasing intends to further strengthen its business base of vendor finance for small and medium-sized businesses, which is one of its strengths, and further expand its business domains.
Ricoh, Mizuho Leasing and Ricoh Leasing aim to strengthen their existing businesses by effectively using the strengths and business bases of each company, and to create new business opportunities by using the know-how and infrastructure of each company.
Ricoh stated in its announcement: “As a result of discussions between the parties, we all agreed that by fusing the strengths of each company and promoting collaboration, we could build a win-win relationship that would contribute to the enhancement of the corporate value of each company.”
The completion date for the share transfer is aimed to be in late April 2020. The premise of the business alliance is based on the execution of the share transfer, and the share transfer is based on completion of notification to the relevant authorities such as Japan Fair Trade Commission and acquisition of permits and other procedures.
Categories : City News
Tags : Business Alliance Finance Leasing Ricoh
