Toshiba Tec : (Second Correction) Notice Regarding Partial Corrections to the "Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFPs' development and manufacturing"
November 24, 2023 at 01:02 am EST
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November 24, 2023
Company name
Ricoh Company, Ltd.
Representative
Akira Oyama
President and CEO
(Securities code: 7752,
Tokyo Stock Exchange Prime Market)
Contact
Takashi Kawaguchi
Executive Corporate Officer and CFO
(TEL: +81-50-3814-2805)
Company name
Toshiba Tec Corporation
Representative
Hironobu Nishikori
Representative Director
President and Chief Executive Officer
(Securities code: 6588,
Tokyo Stock Exchange Prime Market)
Contact
Akira Abe
General Manager of Corporate
Communications Division
(TEL: +81-3-6830-9151)
(Second Correction) Notice Regarding Partial Corrections to the
"Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation
by necessary procedures such as Company Split (Simplified Absorption-type Company Split),
and the conclusion of a Business Integration Agreement and a Shareholders Agreement
related to the integration of MFPs' development and manufacturing"
Ricoh Company, Ltd. (President and CEO: Akira Oyama; hereinafter "Ricoh") and Toshiba Tec Corporation (President and CEO: Hironobu Nishikori; hereinafter "Toshiba Tec") hereby announce that they have made partial corrections to the "Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFPs' development and manufacturing" released on May 19, 2023 (the "Previous Timely Disclosure")* as follows.
*Partial corrections have already been made in the "(Corrections) Notice Regarding Partial Corrections to the "Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFPs' development and manufacturing"" released on July 19, 2023 and "(Progress and changes in disclosure matters) Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFP's development and manufacturing" released on August 24, 2023.
1. Reason for Corrections
Corrections are being made upon discovering partial errors in the Previous Timely Disclosure.
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2. Details of the Changes
In the Previous Timely Disclosure, under "7. Outline of the splitting businesses", section "(3) Items and book value of assets and liabilities to be split (as of March 31, 2022*)" are corrected as follows. Corrected items are underlined and certain information without corrections are omitted.
(Before Corrections)
Items and book value of assets and liabilities to be split (as of March 31, 2022*) Ricoh
(Omitted)
Toshiba Tec
Assets
Liabilities
Current assets
22,435 million yen
Interest-bearing debt
2,469 million yen
Fixed assets
7,569million yen
Other liabilities
15,510 million yen
Total
30,003million yen
Total
17,979 million yen
*(Omitted)
(After Corrections)
Items and book value of assets and liabilities to be split (as of March 31, 2022*) Ricoh
(Omitted)
Toshiba Tec
Assets
Liabilities
Current assets
22,435 million yen
Interest-bearing debt
2,469 million yen
Fixed assets
7,438million yen
Other liabilities
15,510 million yen
Total
29,873million yen
Total
17,979 million yen
*(Omitted)
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Disclaimer
Toshiba TEC Corporation published this content on 24 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2023 06:01:04 UTC.
TOSHIBA TEC CORPORATION is a Japan-based company mainly engaged in the development, manufacture, sale and maintenance of office machinery and electrical machinery. The Company operates through two business segments. The Retail Solutions segment is involved in the development, manufacture, sale and maintenance of point-of-sale (POS) systems for domestic and overseas markets, multifunction devices for the domestic market, auto identification (ID) systems for the domestic market and the other related products. The Printing Solutions segment is involved in the development, manufacture, sale and maintenance of multifunction devices for overseas markets, auto ID systems for overseas markets, inkjet heads for domestic and overseas markets and the other related products.
Toshiba Tec : (Second Correction) Notice Regarding Partial Corrections to the "Notice regarding a Business Partnership between Ricoh Company, Ltd., and Toshiba Tec Corporation by necessary procedures such as Company Split (Simplified Absorption-type Company Split), and the conclusion of a Business Integration Agreement and a Shareholders Agreement related to the integration of MFPs' development and manufacturing"