TOKYO -- Ricoh intends to put two subsidiaries on the market in an attempt to raise money for restructuring its operations worldwide, as the Japanese company continues to suffer a slump in its mainstay multifunction printer business.
Ricoh Logistics System is a Tokyo-based unit that handles comprehensive logistics, from warehousing and forwarding to distribution. It draws clients from a range of businesses, such as precision-equipment manufacturing and online sales of office supplies. Consolidated sales exceed 70 billion yen ($636 million).
