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FAQ
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What are the benefits of the Ricoh Group? |
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With one million and several hundreds of thousands of companies in the Ricoh Group, the greatest benefits are the huge customer base, high technologies, products, distribution and sales network, and the infrastructure of the Group. Our company provides to customers of the Group value-added products, such as corporate cards, collection agent services, and insurance, which strengthen the strong position of the Group, and actively markets to acquire new customers. We also make active use of our infrastructure, including IT, to establish a business system, which can effectively handle retail transactions, which is the forte of our company. Furthermore as a member of the Ricoh Group, we are committed to the recycling of leased assets and actively operate environment protective activities. |
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What is Ricoh Leasing doing to restrain bad debts? |
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We avoid bad debts by using our screening system (scoring system). The handling of 260,000 contracts per year and the management of the 430,000 companies' accounts receivable continuously increase the accuracy of the system. No other company can easily imitate our expertise in the screening and receivables management for medium or small sized companies. In addition, the average value of our lease contract is as small as approximately 1.7 million yen. Having small but many contracts diversifies the risks and makes it possible to restrain bad debts within certain limits. |
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Does Ricoh Leasing have an advantageous financing ability? |
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 We strive to choose the best financing vehicle among the various methods of financing, such as bonds, securitization, and Euro MTNs. Although the abrupt rise in interest rates due to the financial crisis or other causes might have adverse effects on business performance, we would be able to acquire more favorable financing than other companies because the Standard & Poor's long-term issue credit rating of our company is 'A (Stable)' and Rating and Investment Information, Inc.(R&I)'s Long-term Debt Rating of us is also 'A'. With these ratings, we are able to reduce financing costs and stabilize finances by shifting from short-term financing to long-term financing of bonds. |
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Please tell us about the efforts of the company to reinforce corporate governance. |
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Ricoh Leasing introduced the executive officer system in June 2001 in order to achieve fast and appropriate decision-making. With this system, business operations are strengthened by being separated from management decision-making or supervision. We have four directors, which was decided by considering the appropriate size for the board of directors to ensure effective discussions. Furthermore, one of our directors is from outside the company. Through these developments and others, we try to reinforce corporate governance.
We also actively engage in IR activity and complete disclosure including the disclosure of quarterly closing reports. We reflect the opinions of our shareholders in the management of the company and try to achieve more transparent management. |
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