In recent years, there has been an increasing demand for companies to pay living wages. In response to this trend, starting with initiatives at our U.K. operation, Ricoh has been continuously investigating an appropriate approach to ensure that living wage is addressed from the following three perspectives.Recognizing the importance of implementing a living wage equivalent in addition to the minimum wage.Recognizing possible scope to be covered as " Ricoh Group" and " Supply Chain".Necessity to identify the gap between salaries paid and implemented living wage equivalent, in order to promote our initiatives in the future. Ricoh HQ has started to conduct research on living wage calculation method with the assistance of third-party experts. Internal discussions at the management level have also commenced and is recognized that it is important to find an appropriate living wage calculation method for the entire Ricoh Group. It is also acknowledged that it would require sufficient time and deliberation to achieve this goal.