• Ricoh Facing Biggest Financial Crisis Yet, Report Says

    7 days ago - By Peta Pixel

    In April this year, rumors started to appear that the parent company of Pentax, Ricoh, may have to kill off its camera arm. Now it's 2 months later, and Ricoh is reportedly facing its biggest crisis to date.
    Nikkei reports that, to rescue the situation, CEO Yamashita is pushing sales outlets to move for increasing profits, rather than market share. But the worst hit division of the Japanese giant is its Imaging and Solutions division, one which could be expected to be the most profitable.
    This department mainly produces printers, which have high profit margins, and accounts for 90% of...
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