Canon says office copier/MFP sales rose versus the same period of the previous year, supported by expanded sales of next-generation color models designed to strengthen the product lineup, such as the A3 (12”x18”) imageRUNNER ADVANCE C5500 series.
Category: Financial News
Konica Minolta is also expected to benefit from lower costs this fiscal year, as its spending for employee-retirement benefits and warehouse reorganization “is likely to drop off.”
The firm stated that multiple press reports on April 23 and 24 claim that Toshiba is considering cancelling sale of Toshiba Memory Corporation if the proposed sale isn’t approved by China’s anti-monopoly regulator.
Toshiba Corporation of Tokyo, Japan, announced today that it’s completed the sale of its holdings in Toshiba Nuclear Energy, the...
Lexmark International today announced that, as of April 2, 2018, it’s entered into a security agreement with China CITIC Bank, as...
Some investors have opposed the sale of Toshiba’s profitable memory-chip business, arguing that the $18 billion sale price is too low.
At first it seemed the acquisition of IKON would only be a boon for Ricoh. After all, IKON was said to be the world’s largest independent provider of copier/MFPs, printers, and related services, with over 400 offices in North America and Western Europe, regional sales and service training facilities, a roster of Fortune 500 customers, and revenues of $4,167 million for its fiscal year before it was purchased by Ricoh.
Ricoh had previously forecast an operating profit of 20 billion yen, and had expected to break even for its fiscal year.