Toshiba Provides Update on Integration with Ricoh

Toshiba Provides Update on Integration with Ricoh

Toshiba recently resolved to establish the US company ETRIA in order to continue the business integration with Ricoh.

In a previous disclosure on February 6, Ricoh outlined the successor company’s details, including the company name ETRIA, business scope, and capital structure. Following the announcement, Toshiba has now finalized the establishment of the US company of ETRIA, which would be subject to the entire acquisition. Rioch also confirmed that all undetermined details in the prior announcement had been settled.

The establishment of the new company should take place today on April 1. Some of the details include:

Given its status as a newly established entity, financial performance data for ETRIA USA is not yet available. Therefore, it is expected to inherit the recent operational results of Toshiba America Business Solution, involving mostly Toshiba’s business in toners and cartridges.

On May 19, 2023, Toshiba and Ricoh agreed to transfer Toshiba’s shares to the joint venture company through an absorption-type company split. They also mentioned necessary procedures will be performed on a specific day between April 1, 2024, and June 30,2024, to be separately negotiated by the two companies, which should be happening soon in the future.

Related:

• Ricoh Provides Updated Joint Venture Plans with Toshiba
• Toshiba Tec Transfers Inkjet Head Business
• Toshiba Delisted from TSE
• Ricoh and Toshiba Resolves to Conclude an Agreement

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