Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
900000000
Renminbi (approximately RMB900 million)Wording
Conditional
How definitive the wording is.This transaction
This transferCounterparty深圳宏邦智聯企業管理有限公司
Disclosing companyRICOH COMPANY,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Operations suspended
Location Futian District, ShenzhenShare capital USD 33,571,300Date of incorporation 21 January 1991
Net SalesUSD 0 thousand (fiscal year ended December 2025)
Net income for the current fiscal yearUSD 1,245 thousand (fiscal year ended December 2025; audit not yet completed)
Net assetsUSD 69,385 thousand (fiscal year ended December 2025; audit not yet completed)
Consideration and expenses
Acquisition priceApproximately RMB900 million (subject to price adjustments at closing)
Amount of extraordinary income (loss)Gain on transfer of approximately RMB400 million (the impact of this transaction on results is expected in the fiscal year ending March 2027; quarter of recognition: not disclosed)
Impact on Business Performance
The impact on consolidated operating profit will include the gain on transfer of approximately RMB400 million, as well as the impact of removing RAI-SZ from the scope of consolidation. The amount of this impact is currently being reviewed, and the impact on results is expected in the fiscal year ending March 2027.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the necessary procedures
Management structure after acquisitionRAI-SZ will no longer be included in the Company's consolidated subsidiaries. The treatment of its corporate name, representative and employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | This transfer |
| Counterparty name | 深圳宏邦智聯企業管理有限公司 |
| Name of the Subject Company | 理光（深圳）工业发展有限公司 |
| Business Description of the Subject Company | Operations suspended |
| Location of the Subject Company | Futian District, Shenzhen |
| Capital Stock of the Subject Company | USD 33,571,300 |
| Date of Establishment of the Subject Company | 21 January 1991 |
| Net Sales of the Subject Company | USD 0 thousand (fiscal year ended December 2025) |
| Net Income of the Subject Company | USD 1,245 thousand (fiscal year ended December 2025; audit not yet completed) |
| Net Assets of the Subject Company | USD 69,385 thousand (fiscal year ended December 2025; audit not yet completed) |
| Acquisition price | Approximately RMB900 million (subject to price adjustments at closing) |
| Voting rights ownership percentage | Before 100％ → after 0.0％ |
| Amount of extraordinary income (loss) | Gain on transfer of approximately RMB400 million (the impact of this transaction on results is expected in the fiscal year ending March 2027; quarter of recognition: not disclosed) |
| Impact on Business Performance | The impact on consolidated operating profit will include the gain on transfer of approximately RMB400 million, as well as the impact of removing RAI-SZ from the scope of consolidation. The amount of this impact is currently being reviewed, and the impact on results is expected in the fiscal year ending March 2027. |
| Date of board resolution | 9 April 2026 |
| Contract Date | 9 April 2026 |
| Execution Date / Effective Date | Promptly after completion of the necessary procedures (scheduled for around late May to early June 2026) |
| Conditions Precedent to Execution | Completion of the necessary procedures |
| Management structure after acquisition | RAI-SZ will no longer be included in the Company's consolidated subsidiaries. The treatment of its corporate name, representative and employees: not disclosed |
Items this document does not state (13)
Operating Profit of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountValuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company decided to make the transfer to improve asset efficiency. In addition, an arbitration award has made it possible to dispose of the land use rights to the former factory site in Futian District, Shenzhen, held by RAI-SZ, and those land use rights will also be transferred as part of this transaction.
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