EDITED – Ricoh Leasing Shares Acquired By Leasing Company

Edited March 13, 2020 – It appears I jumped the gun and got the headline backwards as I incorrectly reported that Ricoh had acquired a leasing company. My apologies for any issues this error has caused. Ricoh did not acquire Mizuho Leasing Company as my previous headline reported. But rather, Mizuho has acquired shares in Ricoh Leasing. See full article below. My apologies again for my error. ~Andy Slawetsky

The following appears on marketscreener.com

Japan Exchange : Announcement Regarding Conclusion of Business Alliance Agreement with Ricoh Company, Ltd. and Ricoh Leasing Company, Ltd.

March 11, 2020

To whom it may concern,

Company name: Mizuho Leasing Company, Limited
Representative: President and CEO Hiroshi Motoyama
(Code number: 8425 Tokyo Stock Exchange 1st Section)
Executive Officer of
Contact: Corporate Planning Kensuke Sato
Department
Phone: +81-3-5253-6511

Announcement Regarding Conclusion of Business Alliance Agreement with

Ricoh Company, Ltd. and Ricoh Leasing Company, Ltd.

Mizuho Leasing Company, Limited (the “Company”) hereby announces that today it has adopted a resolution to enter into a business alliance (the “Business Alliance”) among the Company, Ricoh Company, Ltd. (“Ricoh”), and Ricoh Leasing Company, Ltd. (“Ricoh Leasing”), being a consolidated subsidiary of Ricoh, and executed a business alliance agreement (the “Business Alliance Agreement”) with Ricoh and Ricoh Leasing, subject to the condition of the acquisition (the “Acquisition”) of Ricoh Leasing’s 6,160,000 shares of common stock (20.00% of the voting rights ratio (Rounded up at the third decimal point. In the calculation of the voting rights ratio, hereinafter the same applies.)). In addition, the Company hereby also announces that today it has adopted a resolution to conduct the Acquisition and executed a share purchase agreement with Ricoh.


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SOURCE MarketScreener

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