Same as the GRIII, Ricoh is baking in DNG noise reduction for any image shot over ISO200, and you can't turn the feature off.
Adobe claims Ricoh would have to stop using their baked-in RAW noise reduction for Lightroom's AI NR plugin to work, and Ricoh isn't going to do that (well, they certainly never bothered with the GRIII, so I doubt anything would change with the IV).
Some other advanced NR plugins with work with the GRIV (reportedly... I haven't tested personally), like DxO's PureRaw.
Given's it's been years of Adobe being unable to work around Ricoh's raw NR system, I wouldn't expect it to change any time soon.
It's best not to hope that Adobe and Ricoh will solve this problem together, but to find suitable replacement products, whether software or cameras. I changed software because I love GR too much.
The option for AI noise reduction seems to do nothing to Ricoh GR IV DNG-files. After processing noise is is still visible. Don't have the same issue with Sony files. Looks like a bug.
Any sugestion what causes it and what could be a solution?
If I select that DNG and do Library > Convert Photo To DNG with the option Use Lossy Compression, Denoise works well with that new DNG. This aligns with Adobe employee Rikk Flohr's implication that the camera was generating DNGs that didn't fully conform with the DNG standard. Converting to lossy DNG is writing a brand new DNG.
That could be an acceptable workaround. You're usually hard-pressed to see significant differences between lossy and non-lossy DNGs even when pixel peeping at high magnification.