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Japan-Update

Japan's Ricoh weighs impairment charge of up to $900m

Shift to digital forces office equipment makers to retool

Ricoh President Yoshinori Yamashita laid out the company's new growth strategy earlier this month.

TOKYO -- Office equipment producer Ricoh is considering booking up to 100 billion yen ($929 million) in impairment losses on underperforming North American operations.

The units include U.S. distributor Ikon Office Solutions, which the Tokyo-based company bought for about $1.6 billion in 2008. Ricoh may record the losses for the current fiscal year ending next month. The Japanese company had nearly 390 billion yen in goodwill and intangible assets from such acquisitions on the books at the end of 2017.

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