Ricoh shares slid sharply, falling more than 4% and ranking among the worst performers on the Nikkei 225, after investors reacted negatively to its newly unveiled mid-term plan. Analysts noted that the strategy lacked strong growth drivers and appeared to signal a retreat from Ricoh’s earlier push to position itself as a digital services leader, instead leaning back toward its traditional office equipment roots. The shift to a rolling five-year outlook, combined with unremarkable financial targets, failed to inspire confidence, prompting a sell-off as markets questioned the company’s long-term direction and ability to deliver meaningful transformation.
