|Date :||July 28, 2006
|Place :||TSE Hall
Mr. Zenji Miura, CFO of Ricoh Company, Ltd., explained
FY2007 1st quater results using materials below.
< Attention >
This material is prepared for the convenience of those investors who could not participate in the financial results meeting. Please understand that this material does not contain any direct quotations from anyone at the meeting.
Additionally, the Company bases the estimates in this material on information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected.
|Color MFP and printer sales increased in both Japan and overseas in the Office Solution Business in the 1st quarter of fiscal 2007. Meanwhile Industrial Products Business and Other Business achieved steady growth. As a result, we achieved 484 billion yen in sales (y-o-y +7.3%), 40.6 billion yen in operating profit (y-o-y +11.7%) and 29.1 billion yen in net profit (y-o-y +22.8%).
Based on the 1st quarter result, we revised our full year forecast upward to 2.06 trillion yen in sales and 106.5 billion yen in net profit for the fiscal year ending March 31, 2007, breaking a new record.
|Q1.||You have a high growth forecast for copiers for the second half. Is this because of new product releases or expansion in sales of existing products?|
|A1.||We expect existing products will contribute significantly to our performance in the second half.|
|Q2.||Will Ricoh release new color MFP or printer for the production market as other competitors do?|
|A2.||We have already sold these types of products in the market and will keep on doing so.|
|Q3.||Is there any progress in sales expansion of global major accounts?|
|A3.||We are seeing more and more large accounts coming our way.|
|Q4.||Is there any news about GELJET printer?|
|A4.||We released a new advanced type called the GX series in the first quarter.|
|Q5.||A newspaper article mentioned that Ricoh intends to speed up the development of small size laser printers. Doesn’t this overlap with the GELJET printer?|
|A5.||One of our mid-term strategy principles is growth in the low-end segment, which for us includes both the traditional laser printer area and GELJET. All we want is to provide the most suitable products to our customers.|
|Q6.||Regarding overseas sales growth rate for the year, why are The Americas and Europe revised upward and other regions revised downward?|
|A6.||This is consideration of our new product roll-out effects and the execution of strategy over the coming months.|