Ricoh CFO: “The time has come for us to choose which businesses to be in”

The Japanese outlet Newswitch published an article (translation) where Ricoh’s CFO Shun Kawaguchi indicated that the company has to decide which of the current 30 businesses will survive and which segments will be dropped:

Ricoh, which is shifting from a multifunction machine to a digital service company against the background of the rapid progress of paperless, will introduce an in-house company system in April 2021 and emphasize return on invested capital (ROIC ). investment efficiency based on ROIC, the business portfolio will be evaluated from three perspectives: market position and suitability for digital services. Shun Kawaguchi, a corporate executive officer and chief financial officer (CFO), said, “The time has come for us to choose which businesses to choose.”

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