Japan Stock Files
Ricoh 7752 Fragment 124

Ricoh (7752): Major customers at 10 percent or more of sales, 2024 to 2026

Ricoh's Customers: One Sentence at 10 Percent, Three Names in the Prose

Note 5 事業セグメント of Ricoh Company, Ltd.'s annual securities report for the 126th term, filed June 16, 2026, carries its customer disclosure as one sentence on page 160: 連結売上高の10％以上を占める重要な単一顧客はありません, no significant single customer at 10 percent or more of consolidated sales, for the year to March 2026, when sales were 2,608,314 million yen (US$15,923.8 million), and for the year before. A second sentence, in different words, is note 2 beneath the sales table on page 70: no major counterparty at 10 percent or more of total sales; the 125th-term report prints each of the two sentences in the same wording as its counterpart. Customers the report names in prose include 東芝テック and 沖電気, to which エトリア sells products, on pages 66 and 68, and 株式会社シルバーライフ, which adopted a thermal product, on page 68, none with an amount. The names that pass 10 percent, on page 14, are two selling subsidiaries, リコージャパン㈱ at 803,246 million yen (US$4,903.8 million) and RICOH USA, INC. at 484,052 million yen (US$2,955.1 million), measured on their own sales. This piece follows the one sentence through the three parts of the segment note, the revenue note and the subsidiaries table.

SubjectMajor customers in the segment note Ricoh 7752 RICOH COMPANY,LTD.

ZUZU Inc., Tokyo — unsigned by policy 14 min read How this is made
14 primary sources · Related · figures as-of 24 Jul 2026 · ¥/USD 163.8 method · Corrections: 0

Note 5 事業セグメント, business segments, in the consolidated financial statements of Ricoh Company, Ltd.'s annual securities report for its 126th fiscal year, April 1, 2025 to March 31, 2026, filed on EDINET on June 16, 2026, answers the customer question in one sentence, placed after the table of 主な事業内容 and before the numbered parts and their tables. Page 160 of 232 reads: なお、前連結会計年度及び当連結会計年度において、連結売上高の10％以上を占める重要な単一顧客はありません。 — in the previous consolidated fiscal year and the current one, there is no significant single customer accounting for 10 percent or more of consolidated sales. The two years are the year to March 2025, when 売上高 on page 2 was 2,527,876 million yen (US$15,432.7 million), and the year to March 2026, when it was 2,608,314 million yen (US$15,923.8 million). This piece follows the sentence through the report: where it sits, where it is printed a second time, which customers the report names in words, what the three numbered parts of the note and the revenue note cut the same total into, and which names pass the 10 percent line on a different measure.

The sentence closes the introduction to the note. Page 160 opens by listing the five 事業の種類別セグメント, デジタルサービス, デジタルプロダクツ, グラフィックコミュニケーションズ, インダストリアルソリューションズ and その他, with a table of 主な事業内容 for each; a note beneath the table says the デジタルサービス segment is オフィスサービス事業及びオフィスプリンティングの販売を主とした事業に限定した事業セグメント, limited to the office services business and the sale of office printing, and does not cover everything the group calls digital services. A paragraph then says セグメント損益は、営業利益で表示しており, segment profit or loss is operating profit, and that the items outside it are 主にセグメント間取引における棚卸資産・固定資産の未実現利益の消去, mainly the elimination of unrealised profit on inventories and fixed assets in intersegment transactions. The last paragraph before the tables has three sentences: the first says the segment and regional information for both years follows, the second says セグメント間取引は独立企業間価格で行っております, intersegment transactions are at arm's-length prices, and the third is the customer sentence. The numbered parts that follow are three: (1) 事業の種類別セグメント情報 on pages 161 and 162, (2) 製品別売上高情報 on page 163 and (3) 地域別情報 on page 163.

Two other segment notes this publication has read place the same statement under a heading of its own. In Seiko Epson Corporation's 84th-term report, filed June 24, 2026, page 140 carries (4) 主要な顧客に関する情報, information on major customers, with the sentence エプソンの収益全体の10％を超える単一の外部顧客との取引はありません; in Kioxia Holdings Corporation's 8th-term report, filed the same day, page 118 carries （４）主要な顧客に関する情報 with a one-row table naming Appleグループ. Ricoh's note carries the statement as the third sentence of its introduction, and its three numbered parts are cut by segment, by product and by region. The three wordings are not the same: Ricoh writes 連結売上高の10％以上, 10 percent or more of consolidated sales; Seiko Epson writes 収益全体の10％を超える, more than 10 percent of total revenue; Kioxia writes 連結損益計算書の「売上収益」の10％以上, 10 percent or more of the 売上収益 in the consolidated statement of profit or loss. This piece records the three placements and the three wordings as printed and reads nothing into them.

A second statement to the same effect, in different words, is printed outside the financial statements, in 4 【経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析】, the management analysis that begins on page 65. Page 70 prints ① 生産実績, ② 受注実績 and ③ 販売実績, production, orders and sales. Beneath the sales table, note 2 reads: 相手先別の販売実績及び当該販売実績の総販売実績に対する割合は、当該割合が10％以上の主要な相手先はありませんので、記載を省略しております。 — sales by counterparty, and their share of total sales, are omitted because there is no major counterparty whose share is 10 percent or more; note 1 says セグメント間の取引については、相殺消去しております, intersegment transactions are eliminated. The rows of that table are the five segments: デジタルサービス 1,988,530 million yen (US$12,140.0 million), デジタルプロダクツ 186,395 million yen (US$1,137.9 million), グラフィックコミュニケーションズ 284,043 million yen (US$1,734.1 million), インダストリアルソリューションズ 106,232 million yen (US$648.5 million), その他 43,114 million yen (US$263.2 million) and 合計 2,608,314 million yen (US$15,923.8 million), with 前連結会計年度比 of 3.0, 18.7, △2.9, △5.3, 20.3 and 3.2 percent. ② 受注実績 says the group 見込生産を主体としている, mainly produces to forecast, and omits order figures; ① 生産実績 prints a dash for デジタルサービス, 880,211 million yen (US$5,373.7 million) in total, and a note that the amounts are at selling prices before intersegment transfers.

The 125th-term report, filed June 20, 2025, 229 pages, prints both sentences, each in the same words as its counterpart in the 126th-term report. Its note 5 事業セグメント carries the customer sentence on page 158, as the third sentence of the same three-sentence paragraph, and its sales table on page 61 carries note 2 in the same wording; the desk compared each pair after removing all whitespace and found them identical character for character. Because each report speaks of 前連結会計年度及び当連結会計年度, the two reports together state the result for three fiscal years, the years to March 2024, 2025 and 2026. The earlier report's sales table prints 合計 of 2,348,987 million yen (US$14,340.6 million) for the year to March 2024 and 2,527,876 million yen (US$15,432.7 million) for the year to March 2025, with 7.6 percent in its 前連結会計年度比 column; the five-year table on page 2 of the 126th-term report runs 売上高 from 1,758,587 million yen (US$10,736.2 million) for the year to March 2022 through 2,134,180 million yen (US$13,029.2 million), 2,348,987 million yen (US$14,340.6 million) and 2,527,876 million yen (US$15,432.7 million) to 2,608,314 million yen (US$15,923.8 million).

Customers the report names in words appear in the management analysis, and two of them are the company's partners in a joint venture. Page 66, on consolidated sales of 26,083億円 (US$15,924 million), up 3.2 percent, says that in the office printing business non-hardware sales were soft and hardware sales fell under the US tariff policy, but that sales rose with エトリアから東芝テックや沖電気への製品販売の貢献、及びオフィスサービス事業の成長等, the contribution of product sales from Etria to Toshiba Tec and OKI and the growth of the office services business. Page 68, under b. デジタルプロダクツ, says エトリアから東芝テック及び沖電気への製品販売も寄与し売上が増加した一方で, product sales from Etria to Toshiba Tec and OKI also contributed to higher sales, while hardware sales, mainly abroad, fell under the tariff policy. Both sentences name the buyers and not an amount. A third name on page 68, under d. インダストリアルソリューションズ, is a customer for a product: the page says ラベルレスサーマル, label-less thermal media, 2025年5月から冷凍弁当の製造・販売を手がける株式会社シルバーライフの冷凍食品のパッケージとして採用されました, was adopted from May 2025 as frozen-food packaging by 株式会社シルバーライフ, a maker and seller of frozen boxed meals, and calls it 業界初の取り組み, a first in the industry; the EDINET code list gives that company's English name as SILVER LIFE CO., LTD., and the sentence, too, carries no amount. The report introduces the two partners on page 65 as 東芝テック株式会社（以下、東芝テック）and 沖電気工業株式会社（以下、沖電気）; the EDINET code list gives their English names as TOSHIBA TEC CORPORATION and Oki Electric Industry Company, Limited.

INSTRUMENT CALIBRATION RECORDForm 7 · Calibrated by: in-houseUnit under test: full-year target gauge — English disclosure (%)910110 — accept. band — 100Needle: 0.0 mm in 4,018 daysNext cal. due 2027-06-30 (cycle 12)Cyc.DateAccept. (%)ReadingResult12015-06-3080 – 10011.4Nonconf.62020-12-0140 – 6011.4Nonconf.112026-06-308 – 1611.4Conf.Note 1: acceptable band is re-set at each calibration.適 合
The instrument is certified accurate to ±0.1 percent. The certificate does not cover the tolerance band.

エトリア is the joint venture the chronology on page 6 dates in two lines: 2024年7月 東芝テック株式会社と複合機等の開発・生産に関する合弁会社エトリア株式会社を組成, and 2025年10月 エトリア株式会社に沖電気工業株式会社が参画. Note 6 企業結合及び非支配持分の取得 on page 164 describes the formation under the heading （前連結会計年度）: a contract signed 2023年5月19日, the integration on 2024年7月1日 of both companies' development and production of multifunction printers into a company built on リコーテクノロジーズ株式会社, a voting ratio in Etria of 85％, 55 new ordinary shares issued to Ricoh and 45 to Toshiba Tec for the businesses each carved out, and an ownership of 85％ for Ricoh and 15％ for Toshiba Tec. The same page says the two companies will offer the jointly developed products それぞれのブランドで, under their own brands, to the world market through their own sales channels. Page 68 says that with OKI's participation in 2025年10月 Etria 3社の合弁会社として活動を開始しました, began operating as a three-company joint venture, and page 74 adds that in 2026年2月 its domestic production functions for multifunction printers, printers, supplies and key parts were gathered into エトリアマニュファクチャリングジャパン株式会社. The list of 主要な子会社 on page 7 places エトリア㈱ under 国内, ETRIA MANUFACTURING USA INC. under 米州, and TOSHIBA TEC INFORMATION SYSTEMS (SHENZHEN) CO., LTD., ETRIA MANUFACTURING MALAYSIA SDN. BHD. and OKI DATA MANUFACTURING (THAILAND) CO., LTD. among the companies under その他地域.

The segment that sells to those partners is デジタルプロダクツ, and part (1) of the note prints its sales in two rows. For the year to March 2026, on page 161, 外部顧客向けの売上高, sales to external customers, is 186,395 million yen (US$1,137.9 million) and セグメント間の売上高, intersegment sales, is 400,753 million yen (US$2,446.6 million), for 計 of 587,148 million yen (US$3,584.5 million); a year earlier the three were 157,065 (US$958.9 million), 427,561 (US$2,610.3 million) and 584,626 (US$3,569.1 million). A sentence beneath each year's table says セグメント間の売上高は、主にデジタルプロダクツからデジタルサービスに対する売上です, intersegment sales are mainly sales from Digital Products to Digital Services. Page 68 gives the same two readings in 億円: 1,863億円 (US$1,137 million), up 18.7 percent, for the segment's 売上高, and 5,871億円 (US$3,584 million), up 0.4 percent, セグメント間売上高を含む, and puts the segment's 営業利益 at 315億円 (US$192 million), up 28億円 (US$17 million). The segment's 主な事業内容 on page 160 includes 製造・OEM, and page 7 describes it as developing and producing office multifunction printers, printers, scanners and edge devices, OEMを含む, including OEM.

The rest of part (1) is the table with 計, 消去又は全社 and 連結 as its last three columns. External sales for the year to March 2026 are 1,988,530 (US$12,140.0 million), 186,395 (US$1,137.9 million), 284,043 (US$1,734.1 million), 106,232 (US$648.5 million) and 43,114 (US$263.2 million), 計 2,608,314 (US$15,923.8 million), a dash under 消去又は全社 and 連結 2,608,314 (US$15,923.8 million); intersegment sales are a dash, 400,753 (US$2,446.6 million), a dash, 376 (US$2.3 million) and 18,583 (US$113.4 million), 計 419,712 (US$2,562.3 million), △419,712 (US$2,562.3 million) under 消去又は全社 and a dash under 連結. セグメント損益 is 27,978 (US$170.8 million), 31,580 (US$192.8 million), 18,636 (US$113.8 million), 2,463 (US$15.0 million) and △3,382 (US$20.6 million), 計 77,275 (US$471.8 million), 消去又は全社 13,438 (US$82.0 million) and 連結 90,713 (US$553.8 million); beneath it 金融収益 7,512 (US$45.9 million), 金融費用 △10,921 (US$66.7 million), 持分法による投資損益 4,969 (US$30.3 million) and 税引前利益 92,273 (US$563.3 million) are printed in the 連結 column only, with dashes elsewhere. A year earlier the segment line was 32,298 (US$197.2 million), 28,741 (US$175.5 million), 23,159 (US$141.4 million), △1,821 (US$11.1 million) and △5,597 (US$34.2 million), 計 76,780 (US$468.7 million), 消去又は全社 △12,951 (US$79.1 million) and 連結 63,829 (US$389.7 million), with 税引前利益 of 70,067 (US$427.8 million); a note under that table says 消去又は全社 includes a one-time cost for a domestic セカンドキャリア支援制度.

Part (2) 製品別売上高情報 on page 163 prints 製品別の外部顧客に対する売上高, sales to external customers by product, under the same five names and with the same five amounts for each year as the external row of part (1), 1,988,530 (US$12,140.0 million), 186,395 (US$1,137.9 million), 284,043 (US$1,734.1 million), 106,232 (US$648.5 million) and 43,114 (US$263.2 million), 合計 2,608,314 (US$15,923.8 million), and follows the table with the products behind each name. デジタルサービス: 複合機、プリンター、印刷機、広幅機、FAX、スキャナ、パソコン、サーバー、ネットワーク関連等機器, and the related consumables, service, support, software, document services and solutions. デジタルプロダクツ: 複合機、プリンター、印刷機、広幅機、FAX、ネットワーク関連等機器、及び、関連する消耗品等のOEM, then スキャナ等機器 and their consumables, オートIDシステム and 電装ユニット. グラフィックコミュニケーションズ: カットシートPP（プロダクションプリンター）, 連帳PP, インクジェットヘッド, 作像システム and 産業プリンター with their consumables, service, support and software. インダストリアルソリューションズ: サーマルペーパー、サーマルメディア、精密機器部品等. その他: デジタルカメラ、360度カメラ、環境、ヘルスケア等.

Part (3) 地域別情報, on the same page, is cut by 顧客の所在地, the customer's location, into one named country and three regions: 日本 1,051,655 million yen (US$6,420.4 million), 米州 654,677 (US$3,996.8 million), 欧州・中東・アフリカ 672,620 (US$4,106.3 million) and その他地域 229,362 (US$1,400.3 million), 合計 2,608,314 (US$15,923.8 million), with a further line 上記米州のうち米国 of 579,188 (US$3,535.9 million). A year earlier the lines were 963,276 (US$5,880.8 million), 687,066 (US$4,194.5 million), 648,071 (US$3,956.5 million) and 229,463 (US$1,400.9 million), 合計 2,527,876 (US$15,432.7 million), and 米国 578,293 (US$3,530.5 million). 非流動資産, which the page defines as 有形固定資産、使用権資産、のれん及び無形資産, is 325,463 (US$1,987.0 million), 154,969 (US$946.1 million), 201,759 (US$1,231.7 million) and 61,468 (US$375.3 million) at March 31, 2026, 合計 743,659 (US$4,540.0 million), of which 米国 127,321 (US$777.3 million); a year earlier 318,961 (US$1,947.3 million), 136,227 (US$831.7 million), 197,016 (US$1,202.8 million) and 54,102 (US$330.3 million), 合計 706,306 (US$4,312.0 million), 米国 120,391 (US$735.0 million).

Note 27 売上高 on page 200 crosses the two cuts. (1) 収益の分解, disaggregation of revenue, opens by naming the five as 報告セグメント and saying 売上高は顧客の所在地を基礎とし、地域別に分解しております, revenue is disaggregated by region on the basis of the customer's location, and prints a five-by-four table for each year. For the year to March 2026, デジタルサービス is 862,479 million yen (US$5,265.4 million) in 日本, 448,719 (US$2,739.4 million) in 米州, 554,933 (US$3,387.9 million) in 欧州・中東・アフリカ and 122,399 (US$747.2 million) in その他地域; デジタルプロダクツ 114,630 (US$699.8 million), 35,272 (US$215.3 million), 11,256 (US$68.7 million) and 25,237 (US$154.1 million); グラフィックコミュニケーションズ 24,147 (US$147.4 million), 134,437 (US$820.7 million), 79,270 (US$483.9 million) and 46,189 (US$282.0 million); インダストリアルソリューションズ 36,132 (US$220.6 million), 29,080 (US$177.5 million), 20,716 (US$126.5 million) and 20,304 (US$124.0 million); その他 14,267 (US$87.1 million), 7,169 (US$43.8 million), 6,445 (US$39.3 million) and 15,233 (US$93.0 million); 合計 1,051,655 (US$6,420.4 million), 654,677 (US$3,996.8 million), 672,620 (US$4,106.3 million), 229,362 (US$1,400.3 million) and 2,608,314 (US$15,923.8 million). Beneath the 合計 row two further rows split each column: 顧客との契約から認識した収益, revenue recognised from contracts with customers, 1,048,097 (US$6,398.6 million), 579,636 (US$3,538.7 million), 564,831 (US$3,448.3 million), 192,944 (US$1,177.9 million) and 2,385,508 (US$14,563.5 million), and その他の源泉から認識した収益, revenue recognised from other sources, 3,558 (US$21.7 million), 75,041 (US$458.1 million), 107,789 (US$658.1 million), 36,418 (US$222.3 million) and 222,806 (US$1,360.2 million), which note 2 says includes IFRS第16号に基づくリース収益等, lease income under IFRS 16. The earlier year's rows are 2,299,727 (US$14,039.8 million) from contracts with customers and 228,149 (US$1,392.9 million) from other sources.

なお、前連結会計年度及び当連結会計年度において、連結売上高の10％以上を占める重要な単一顧客はありません。 — no significant single customer at 10 percent or more of consolidated sales in either year; page 160 of Ricoh's 126th-term report, and, in the same words, page 158 of the 125th-term report; note 2 to the sales table, on page 70 and on page 61 of the earlier report, says separately that counterparty sales are omitted because no major counterparty reaches 10 percent of total sales.

Page 201 cuts the same total by timing: 一時点で移転される財又はサービス, goods or services transferred at a point in time, 1,544,392 million yen (US$9,428.5 million), and 一定の期間にわたり移転される財又はサービス, transferred over a period, 1,063,922 million yen (US$6,495.3 million); for デジタルサービス the two are 1,024,787 (US$6,256.3 million) and 963,743 (US$5,883.7 million), for デジタルプロダクツ 185,447 (US$1,132.2 million) and 948 (US$5.8 million). The prose beneath says that machines in the first three segments are recognised 通常機器が設置され、顧客の受け入れが得られた時点で, when installed and accepted by the customer, consumables 物品の引渡時点において, at delivery, and that maintenance contracts billing 従量料金, 固定料金, or a base charge plus usage are recognised over the period, the obligation being 機器を常時利用可能な状態を顧客に提供すること, to keep the machine available to the customer. (2) 契約残高 on page 202 prints 顧客との契約から生じた債権 of 550,199 million yen (US$3,359.0 million) and 契約負債 of 116,143 million yen (US$709.1 million) at March 31, 2026, the latter 主に、メンテナンス契約に関する顧客からの前受金, mainly advances from customers on maintenance contracts; (3) puts the transaction price allocated to unsatisfied performance obligations under contracts longer than a year at 283,846 million yen (US$1,732.9 million), against 263,915 (US$1,611.2 million) a year earlier, to be recognised over 概ね1年から5年; (4) prints 8,321 million yen (US$50.8 million) of assets recognised from the costs of obtaining contracts, 主に顧客を獲得するために発生した販売員に対する手数料等, mainly commissions to sales staff.

The two names the report marks as passing 10 percent of consolidated sales are selling subsidiaries, and the measure is their own sales. 4 【関係会社の状況】, which begins on page 10, marks two consolidated subsidiaries ＊3, and the note on page 14 reads: リコージャパン㈱及びRICOH USA, INC.は連結売上高に占める売上高（連結会社相互間の内部売上高を除く）の割合が10％を超えております — their sales, excluding sales between consolidated companies, exceed 10 percent of consolidated sales. The ＜主要な損益情報等＞ table beneath prints 売上高 of 803,246 million yen (US$4,903.8 million) for リコージャパン㈱ and 484,052 million yen (US$2,955.1 million) for RICOH USA, INC., 税引前当期純利益 of 15,710 (US$95.9 million) and 1,467 (US$9.0 million), 当期純利益 of 10,611 (US$64.8 million) and 659 (US$4.0 million), 純資産額 of 35,618 (US$217.4 million) and 237,023 (US$1,447.0 million), and 総資産額 of 244,142 (US$1,490.5 million) and 532,026 (US$3,248.0 million). Both rows give 主要な事業の内容 as デバイス・アプリケーション・保守等を組み合わせたデジタルサービスの提供 and 関係内容 as 当社のデバイス・アプリケーション・保守等を組み合わせたデジタルサービスの販売業務, the sale of the company's digital services combining devices, applications and maintenance; page 8 lists the first under 国内 and the second under 米州 in (販売・サービス・サポート). The 125th-term report marks the same two names on page 15, with 売上高 of 736,468 (US$4,496.1 million) and 519,327 (US$3,170.5 million). Page 14 adds that RICOH USA, INC. 前連結会計年度末において債務超過の状態にありましたが, was in negative net assets at the previous year end, and that a capital increase in the year resolved it; the earlier report's table prints 純資産額 of △81,989 (US$500.5 million) and attributes the position to 過年度ののれんの減損損失の計上.

Who the customers are, the report says in words. 3 【事業の内容】 on page 7 counts 当社及び子会社229社、関連会社17社, the company, 229 subsidiaries and 17 associates, and says the sales and service organisation operates in 世界約200の国と地域, about 200 countries and regions, from Japan, the Americas, Europe, the Middle East and Africa, and Greater China and Asia. It describes デジタルサービス as resting on 全世界に広がる顧客基盤, a customer base spread across the world, selling and servicing office multifunction printers, printers and scanners and offering office services in プロセスオートメーション, ワークプレイスエクスペリエンス and ITサービス. Note 33 関連当事者 on page 205 says transactions with related parties, other than those eliminated on consolidation, are omitted 重要な取引等がないため, because there are no significant ones; note 36 関連会社 on page 206 names リコーリース株式会社, 33.7％ held, as the group's significant associate, 当社製品のリース及びレンタル等を行っております, which leases and rents the company's products, and page 14 gives its 関係内容 as 当社製品のリース及びレンタル.

Method. The desk retrieved the 126th-term report (S100YBFF, 232 pages) and the 125th-term report (S100VZRZ, 229 pages) as PDFs through the EDINET API and read them with pdfplumber, and read page 140 of Seiko Epson's report (S100YJ6A) and page 118 of Kioxia's (S100YJ18) the same way. Each page cited was confirmed from the page line the PDF carries on every page, N/232 for the 126th-term report, N/229 for the 125th, 140/206 for the Seiko Epson page and 118/185 for the Kioxia page. The tables on pages 10, 12, 14, 67, 70 and 161 were read with extract_tables and the cells quoted above are those cells; the tables on pages 163, 200 and 201 are printed without ruled cells the extractor returns, and their rows were read from the page text with whitespace kept. The two customer sentences were compared with the 125th-term report after removing all whitespace. The desk added the five external sales rows of part (1), the four regional rows of part (3), and the two source rows and the two timing rows of note 27 for the year to March 2026, and the five segment rows and four regional rows for the year before, and found each addition equal to the printed total; note 2 作成の基礎 (3) 機能通貨及び表示通貨 on page 151 says 百万円未満を四捨五入して表示しております, amounts are rounded to the nearest million yen. Yen amounts carry US dollar conversions at ¥163.8 = US$1 for reference.

Read as layers, then: one sentence on page 160 states that no significant single customer reaches 10 percent of consolidated sales, and note 2 on page 70 states, in other words, that no major counterparty reaches 10 percent of total sales, both for the years to March 2025 and 2026; the 125th-term report prints both sentences, each in the same words, for the years to March 2024 and 2025; the three numbered parts of note 5 cut the 2,608,314 million yen (US$15,923.8 million) by segment, by product and by customer location; note 27 crosses segment with region, separates contract revenue from lease and other income, and separates point-in-time from over-time revenue; the buyers the prose names include 東芝テック and 沖電気, the partners in エトリア, and 株式会社シルバーライフ, each named without an amount; and the two names marked as above 10 percent on page 14, リコージャパン㈱ and RICOH USA, INC., are the group's own selling subsidiaries, measured on their own sales.

What would change our mind

The two 10 percent statements are Ricoh's own, on pages 160 and 70 of the 126th-term report and pages 158 and 61 of the 125th-term report, and are repeated here as such, with their different wordings, 連結売上高 in the note and 総販売実績 in the sales table; this piece does not test them, because the report's customer disclosure is those sentences and no customer-level amount is quoted here. The 東芝テック, 沖電気 and 株式会社シルバーライフ sentences on pages 66 and 68 name buyers without an amount, and the piece attaches no figure to them; those three are the customer names the desk found in the management analysis on pages 65 to 69, and the piece does not say they are the only customers the report names; the デジタルプロダクツ rows on page 161 are segment totals covering all of that segment's external customers, and the 億円 figures on page 68 are the report's, not equated with the 百万円 rows. The 803,246 million yen (US$4,903.8 million) and 484,052 million yen (US$2,955.1 million) on page 14 are the two subsidiaries' own 売上高 on the basis the note states, excluding sales between consolidated companies, and are a measure of sellers, not of customers; they are not compared with the segment or regional tables, which are consolidated. The desk's additions matched the printed totals of 2,608,314 million yen (US$15,923.8 million) and 2,527,876 million yen (US$15,432.7 million); the report rounds to the nearest million yen (page 151), so a difference of 1 million yen (US$0.006 million) in a table the desk did not add could arise from rounding, and this piece makes no statement about any table it did not add. The whitespace-stripped comparison with the 125th-term report covers the two sentences and the two-sentence introduction before the customer sentence only, not the surrounding passages. The result for the year to March 2024 is the 125th-term report's statement; the 126th-term report's sentence covers the years to March 2025 and 2026. The place and wording of the statement in Seiko Epson's and Kioxia's notes are as printed in those reports, and the piece records that the three wordings differ without equating them. The percentages on pages 66, 68 and 70 are the report's. US dollar amounts are reference conversions at ¥163.8 = US$1 and are not in the report.

Related fragments

Sources

  1. 株式会社リコー (RICOH COMPANY,LTD., 7752), 有価証券報告書 第126期 (2025/04/01–2026/03/31) filed 2026-06-16 — 連結財務諸表注記 5 事業セグメント, pp. 160–163 of 232: p. 160 導入 (5 セグメントと 主な事業内容; セグメント損益は、営業利益で表示; 前連結会計年度及び当連結会計年度における事業の種類別セグメント及び地域別情報は以下のとおりです。セグメント間取引は独立企業間価格で行っております。なお、前連結会計年度及び当連結会計年度において、連結売上高の10％以上を占める重要な単一顧客はありません。); (1) 事業の種類別セグメント情報 pp. 161–162 (前連結会計年度 外部顧客向けの売上高 1,930,109 / 157,065 / 292,663 / 112,192 / 35,847 / 2,527,876; セグメント間の売上高 − / 427,561 / − / 1,017 / 20,398 / 448,976 / △448,976; 計 584,626; セグメント損益 32,298 / 28,741 / 23,159 / △1,821 / △5,597 / 76,780 / △12,951 / 63,829; 税引前利益 70,067; 当連結会計年度 外部顧客向けの売上高 1,988,530 / 186,395 / 284,043 / 106,232 / 43,114 / 2,608,314; セグメント間の売上高 − / 400,753 / − / 376 / 18,583 / 419,712 / △419,712; 計 587,148; セグメント損益 27,978 / 31,580 / 18,636 / 2,463 / △3,382 / 77,275 / 13,438 / 90,713; 金融収益 7,512; 金融費用 △10,921; 持分法による投資損益 4,969; 税引前利益 92,273; セグメント間の売上高は、主にデジタルプロダクツからデジタルサービスに対する売上です); (2) 製品別売上高情報 p. 163 (同 5 行と製品); (3) 地域別情報 p. 163 (売上高 日本 963,276 / 1,051,655; 米州 687,066 / 654,677; 欧州・中東・アフリカ 648,071 / 672,620; その他地域 229,463 / 229,362; 上記米州のうち米国 578,293 / 579,188; 非流動資産 318,961 / 325,463; 136,227 / 154,969; 197,016 / 201,759; 54,102 / 61,468; 合計 706,306 / 743,659; 米国 120,391 / 127,321); 注記 27 売上高 pp. 200–202 ((1) 収益の分解 5×4 表、顧客との契約から認識した収益 1,048,097 / 579,636 / 564,831 / 192,944 / 2,385,508 (前年 2,299,727)、その他の源泉から認識した収益 3,558 / 75,041 / 107,789 / 36,418 / 222,806 (前年 228,149); p. 201 一時点 1,544,392 / 一定の期間 1,063,922、デジタルサービス 1,024,787 / 963,743、デジタルプロダクツ 185,447 / 948; p. 202 (2) 契約残高 550,199・116,143、(3) 263,915 / 283,846、概ね1年から5年、(4) 8,321) — https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YBFFFinancial Services Agency (EDINET)
  2. 株式会社リコー (RICOH COMPANY,LTD., 7752), 有価証券報告書 第126期 filed 2026-06-16 (PDF, 232 pp.) — p. 1 表紙 (提出日 2026年6月16日; 英訳名 RICOH COMPANY,LTD.); p. 2 主要な経営指標等 (売上高 1,758,587 / 2,134,180 / 2,348,987 / 2,527,876 / 2,608,314); p. 6 沿革 (2024年7月 エトリア株式会社を組成; 2025年10月 沖電気工業株式会社が参画); pp. 7–8 ３ 事業の内容 (子会社229社、関連会社17社; 世界約200の国と地域; 全世界に広がる顧客基盤; OEMを含む; 主要な子会社 エトリア㈱、ETRIA MANUFACTURING USA INC.、TOSHIBA TEC INFORMATION SYSTEMS (SHENZHEN) CO., LTD.、ETRIA MANUFACTURING MALAYSIA SDN. BHD.、OKI DATA MANUFACTURING (THAILAND) CO., LTD.; 販売・サービス・サポート 国内 リコージャパン㈱、米州 RICOH USA, INC.); pp. 10, 12, 14 ４ 関係会社の状況 (リコージャパン㈱ ＊1,3 / RICOH USA, INC. ＊1,3,4、主要な事業の内容・関係内容; ＊3 連結売上高に占める売上高（連結会社相互間の内部売上高を除く）の割合が10％を超えております; 主要な損益情報等 売上高 803,246 / 484,052、税引前当期純利益 15,710 / 1,467、当期純利益 10,611 / 659、純資産額 35,618 / 237,023、総資産額 244,142 / 532,026; RICOH USA, INC. の債務超過解消; リコーリース㈱ 当社製品のリース及びレンタル); pp. 65–68 ４ 経営者による分析 (東芝テック株式会社（以下、東芝テック）; 沖電気工業株式会社（以下、沖電気）; p. 66 26,083億円 3.2％増、エトリアから東芝テックや沖電気への製品販売の貢献; p. 68 b. デジタルプロダクツ 3社の合弁会社、1,863億円 18.7％増、5,871億円 0.4％増、営業利益 315億円 28億円増、エトリアから東芝テック及び沖電気への製品販売も寄与); p. 70 ① 生産実績 (合計 836,089 / 880,211)、② 受注実績 (見込生産を主体)、③ 販売実績 (1,930,109 / 1,988,530 3.0; 157,065 / 186,395 18.7; 292,663 / 284,043 △2.9; 112,192 / 106,232 △5.3; 35,847 / 43,114 20.3; 合計 2,527,876 / 2,608,314 3.2; 注1 相殺消去; 注2 当該割合が10％以上の主要な相手先はありませんので、記載を省略); p. 74 (2026年2月 エトリアマニュファクチャリングジャパン株式会社); p. 151 注記 2 作成の基礎 (3) 百万円未満を四捨五入; p. 158 (15) 収益; p. 164 注記 6 (2023年5月19日; 2024年7月1日; リコーテクノロジーズ株式会社; 議決権比率 85％; 55株 / 45株; 85％ / 15％; それぞれのブランドで); p. 205 注記 33 関連当事者; p. 206 注記 36 関連会社 (リコーリース株式会社 33.7％) — https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YBFF.pdfFinancial Services Agency (EDINET)
  3. 株式会社リコー (RICOH COMPANY,LTD., 7752), 有価証券報告書 第125期 (2024/04/01–2025/03/31) filed 2025-06-20 — 連結財務諸表注記 5 事業セグメント, p. 158 of 229 (同じ三文の導入; なお、前連結会計年度及び当連結会計年度において、連結売上高の10％以上を占める重要な単一顧客はありません。); (1) p. 159; (2)(3) p. 161 — https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZRZFinancial Services Agency (EDINET)
  4. 株式会社リコー (RICOH COMPANY,LTD., 7752), 有価証券報告書 第125期 filed 2025-06-20 (PDF, 229 pp.) — p. 1 表紙 (提出日 2025年６月20日); p. 15 ４ 関係会社の状況 ＊３ (リコージャパン㈱及びRICOH USA, INC. 10％を超えております; 主要な損益情報等 売上高 736,468 / 519,327; 純資産額 31,742 / △81,989; 過年度ののれんの減損損失の計上により債務超過); p. 61 ③ 販売実績 (合計 2,348,987 / 2,527,876 7.6; 注２ 当該割合が10％以上の主要な相手先はありませんので、記載を省略しております) — https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100VZRZ.pdfFinancial Services Agency (EDINET)
  5. セイコーエプソン株式会社 (SEIKO EPSON CORPORATION, 6724), 有価証券報告書 第84期 filed 2026-06-24 — 注記 ６．セグメント情報 (4) 主要な顧客に関する情報, p. 140 of 206 (エプソンの収益全体の10％を超える単一の外部顧客との取引はありません。) — cited as a layout comparison only — https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJ6AFinancial Services Agency (EDINET)
  6. キオクシアホールディングス株式会社 (Kioxia Holdings Corporation, 285A), 有価証券報告書 第８期 filed 2026-06-24 — 注記 ６．セグメント情報 （４）主要な顧客に関する情報, p. 118 of 185 (Appleグループ 300,512 / 476,014 百万円) — cited as a layout comparison only — https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJ18Financial Services Agency (EDINET)
  7. EDINET document list API (v2), date 2026-06-16 — index row for S100YBFF: 有価証券報告書－第126期(2025/04/01－2026/03/31), 株式会社リコー, docTypeCode 120, edinetCode E02275, secCode 77520, submitDateTime 2026-06-16 13:03 (saved in data/edinet_june_2026.json) — https://api.edinet-fsa.go.jp/api/v2/documents.json?date=2026-06-16&type=2Financial Services Agency (EDINET)
  8. EDINET document list API (v2), date 2025-06-20 — index row for S100VZRZ: 有価証券報告書－第125期(2024/04/01－2025/03/31), 株式会社リコー, docTypeCode 120, submitDateTime 2025-06-20 12:00 (saved in data/edinet_june_2025.json) — https://api.edinet-fsa.go.jp/api/v2/documents.json?date=2025-06-20&type=2Financial Services Agency (EDINET)
  9. EDINET code list (EDINETコードリスト) — E02275, 株式会社リコー, 提出者名（英字） RICOH COMPANY,LTD., 証券コード 77520, 所在地 大田区中馬込一丁目３番６号, 業種 電気機器, 決算日 3月31日; also E01884 東芝テック株式会社 TOSHIBA TEC CORPORATION and E01767 沖電気工業株式会社 Oki Electric Industry Company, Limited — https://disclosure2.edinet-fsa.go.jp/weee0010.aspxFinancial Services Agency (EDINET)
  10. EDINET document search (書類検索) — the public search page on which the annual securities reports can be retrieved by company name or docID — https://disclosure2.edinet-fsa.go.jp/WEEK0010.aspxFinancial Services Agency (EDINET)
  11. Document list API (v2) specification — the endpoint used to locate the reports and retrieve the PDFs (type=2) — https://disclosure2dl.edinet-fsa.go.jp/guide/static/disclosure/WZEK0110.htmlFinancial Services Agency (EDINET)
  12. Terms of use — Public Data License 1.0, under which EDINET content is reused here with attribution — https://disclosure2dl.edinet-fsa.go.jp/guide/static/disclosure/WZEK0030.htmlFinancial Services Agency (EDINET)
  13. Japanese yen exchange rate — the live quote page the ¥163.8 rate was retrieved from on 24 July 2026. It shows the current quote, not the historical one — https://tradingeconomics.com/japan/currencyTrading Economics
  14. USD/JPY for 24 July 2026 — 163.82 on a dated reference series blended across central-bank sources. This URL keeps the date fixed — https://api.frankfurter.app/2026-07-24?from=USD&to=JPYFrankfurter
Every figure above is traceable to the source it came from, and every source is linked. If one of them is wrong, write to [email protected] — we correct within 72 hours, at the top of the piece, and leave the history public.

This is general information about public disclosure, published freely to an unspecified readership. It is not investment advice, and contains no rating, target price, or recommendation.

All fragments →