Setting an example: Japanese manufacturer Ricoh slashes costs

Article Abstract:

Office-equipment and camera maker Ricoh is making serious efforts to reduce costs to restore its profitability and maintain its leading position in Japan's photocopier and facsimile machines market. The company has reduced the number of products it sells by over 2000, cut advertising and travel expenses by 3.2 billion yen, reduced fixed expenses by 10 billion yen and disposed off inventories at below the normal rate. The need for cutting costs arose because of price competition from Canon Sales, declining demand and heavy overhead costs. Ricoh is also trying to develop overseas markets.

Office equipment and supplies industry, Office equipment industry, Ricoh Company Ltd.

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An American primer

Article Abstract:

Japanese executives are attending shareholders meetings in the US in an effort to develop better investor relations with Americans who are investing in Japan. Never a bastion of shareholder activism, Japanese executives take great steps to avoid accountability. California Public Employees Retirement Systems (Calpers) is one investor group that is pushing the Japanese for answers to dividend related questions. Calpers confronted 17 Japanese companies to protest their management practices in 1992-93.

Insurance agents, brokers, & service, Analysis, Foreign investments, Corporate directors, Investments, Investor relations, California Public Employees Retirement System

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Behind the screen

Article Abstract:

Southeast Asia is a region targeted by the world's leading private banking corporations for its wealthy populace. The private banking market in Japan, however, is still developing because of legal restrictions on placing money abroad and because the Japanese are not accustomed to private banking practices. The overseas Chinese are the private bankers' main clients due to their wealth and their subsequent need for financial services.

Southeast Asia, Chinese (Asian people), Private banking, Asia, Southeastern, Chinese in Asia, Southeastern

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