Riso Kagaku to Pull Plug on "Print Gocco" Home Printer
Tokyo, May 30, 2008 (Jiji Press) - Riso Kagaku Corp. <6413> said Friday that it will discontinue shipments of its Print Gocco home-use greeting card printer in June because increasing use of personal computers has shrunk its demand sharply.
Cumulative sales of the Print Gocco topped 10 million units since its launch in September 1977. Sales of the product and related supplies reached 15.2 billion yen in the year to March 1994.
But sales sank to less than one pct of the company's group sales of 92.6 billion yen in the year to March 2008, as home-use PCs and ink-jet printers have been popular since the late 1990s.
Riso Kagaku said it will continue sales of related supplies, such as inks, for the time being.
The company mainly sells digital printers to schools and public institutions and high-speed ink-jet printers to companies.
