Nikkei: Ricoh to book $1.72 billion impairment loss as North American business slumps

Nikkei published a new article titled Japan’s Ricoh to book $1.72bn impairment loss as North American business slumps:

“Japanese office equipment maker Ricoh Co Ltd on Friday said it would book an impairment loss of 180 billion yen ($1.72 billion), citing a slump in North American business as users shift from print to digital.”

Earlier this month Nikkei reported that Ricoh will cut 4,000 jobs in Japan and Europe:

“Japan’s Ricoh plans to trim about 4,000 workers from its payrolls as soon as the coming fiscal year, streamlining and selling assets in its ailing core business of office equipment with an eye toward investing in future growth.”

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