FORM 6-K


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        REPORT OF FOREIGN PRIVATE ISSUER

                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934

                           For the month of November 2006

                        Commission File Number 2 - 68279

                               RICOH COMPANY, LTD.
                 -----------------------------------------------
                 (Translation of Registrant's name into English)

               13-1, Ginza 8-Chome, Chuo-ku, Tokyo 104-8222, Japan
               ---------------------------------------------------
                    (Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports
 under cover Form 20-F or Form 40-F.)

      Form 20-F    X      Form 40-F    __

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as
 permitted by Regulation S-T Rule 101(b)(1): __ )

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as
 permitted by Regulation S-T Rule 101(b)(7): __ )

(Indicate by check mark whether by furnishing the information contained in this
 Form, the registrant is also thereby furnishing the information to the
 Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
 of 1934.)

      Yes    __      No    X

(If "Yes" is marked, indicate below the file number assigned to the registrant
 in connection with Rule 12g3-2(b): 82-__ )


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                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                            Ricoh Company, Ltd.
                                            ------------------------------
                                            (Registrant)

                                            By:  /S/  Zenji Miura
                                            ------------------------------
                                            Zenji Miura
                                            Director, Chief Financial Officer
                                            Corporate Executive Vice President



November 21, 2006


                                                              November 21, 2006

RICOH COMPANY, LTD.
PR DEPARTMENT
Masakuni Kutsuwada, General Manager
+81-3-6278-5228

koho@ricoh.co.jp

     ANNOUNCEMENT OF DETERMINATION OF THE TERMS OF ISSUANCE, ETC., OF THE
                EURO YEN ZERO COUPON CONVERTIBLE BONDS DUE 2011

Ricoh Company, Ltd. (hereinafter referred to as "Ricoh") hereby notifies you of
the following determination of the terms of issuance, etc., in addition to
those terms that were already determined, of the Euro Yen Zero Coupon
Convertible Bonds due 2011 (bonds with stock acquisition rights,
tenkanshasaigata shinkabu yoyakuken-tsuki shasai, are hereinafter referred to
as the "Convertible Bonds"; and the bonds and the stock acquisition rights are
hereinafter referred to separately as "Bonds" and "Stock Acquisition Rights",
respectively), the issuance whereof was resolved at the meeting of the Board of
Directors held on November 21, 2006.

                                  Description

Matters relating to the Stock Acquisition Rights
(1) The amount to be paid upon exercise of the         Equal to the issue price
    Stock Acquisition Rights:                          ------------------------
                                                       of the Bonds
                                                       ------------
(2) Conversion Price:                                  Yen 2,800
                                                       ---------
    (Reference)
    Share Price, etc. on Pricing Date
    (November 21, 2006)
       (i) Share Price (Closing Price) on the
       Tokyo Stock Exchange                            Yen 2,170
                                                       ---------
       (ii) Premium [{(Conversion Price)/(Share
       Price (Closing Price))-1}X100]                  29.0%
                                                       ------

NOTE: THIS ANNOUNCEMENT RELEASE IS INTENDED AS GENERAL INFORMATION REGARDING
RICOH COMPANY, LTD.'S ISSUANCE OF CONVERTIBLE BONDS. THIS ANNOUNCEMENT DOES
NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR SOLICITATION TO PURCHASE OR
SUBSCRIBE FOR SECURITIES IN THE UNITED STATES. THE BONDS AND THE UNDERLYING
SHARES OF COMMON STOCK MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE,
REGISTERED UNDERTHE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT").
THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

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