TOKYO, Apr 09 (Pulse News Wire) – Ricoh Company,ltd. (7752.T) announced today that its board of directors approved the sale of its wholly-owned subsidiary, Ricoh Asia Industry (Shenzhen) Ltd.
(RAI-SZ). The transaction, set to close, includes the transfer of land use rights previously held by RAI-SZ in Shenzhen's Futian District. The move aligns with Ricoh’s strategy to enhance asset efficiency. RAI-SZ, established in January 1991, had ceased operations since 2023 and reported negative net income in recent years. As of December 2025, its total assets stood at approximately $159.4 million, with capital of $12 million.
The buyer, Shenzhen Hongbang Zhilian Enterprise Management Co., Ltd., was founded in November 2024 and is led by Li Guifang. The deal involves transferring RAI-SZ’s entire equity stake to Shenzhen Hongbang Zhilian for approximately $40 million, subject to final price adjustments upon closing. Following the sale, RAI-SZ will be removed from Ricoh’s consolidated financial statements. Ricoh expects the transaction to result in a gain of around ¥400 million yuan, though the precise impact on operating profit remains under review. The effects on earnings are anticipated to be reflected in the fiscal year ending March 2027.
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