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Business

Ricoh's troubles extend beyond massive write-downs

Japanese copier maker faces shrinking market and stiff competition

A shrinking market and merging competitors threaten Ricoh's office equipment business.   © Reuters

TOKYO -- As Ricoh braces for a flood of red ink in the year through March 31 from heavy impairment losses on overseas units, the company maintains that its painful structural reform is succeeding and that next year will bring recovery.

But digitization and stiff competition have the Japanese copier maker's core business in a bind, and no relief is yet in sight.

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