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Japanese shares slipped on Thursday on across-the-board selling after US shares dropped overnight on speculation about faster interest rate hikes.
The Nikkei declined 1.1 per cent to 21,736.44.
Ricoh Co declined 3.9 per cent, following the report which said it was considering taking a charge of up to 100 billion yen ($930 million) this fiscal year.
Kawasaki Kisen fell 2.0 per cent and Nippon Yusen dropping 1.0 per cent, reports Reuters.
On Wednesday, the European Commission handed out 546 million euros ($673.49 million) in fines to car shipping groups and car parts suppliers for anti-competitive behaviour.
The broader Topix declined 0.9 per cent, with all of its 33 subsectors in negative territory.