RICOH imagine.change.Global

FY2010 1st Quarter Financial Announcement

ended June 30, 2009

Date : July 31, 2009
Time : 6:00pm-7:00pm
Place : Otemachi Sankei Plaza
Contents : Mr. Zenji Miura, Corporate Executive Vice President of Ricoh Company, Ltd., explained FY2010 1st Quarter 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.

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Presentation Materials Financial Highlights /Appendix
 
 
 

Summary of 1st Quarter Results Presentation

Consolidated net sales of the Ricoh Group for the first quarter fiscal year 2010 decreased by 5.8% as compared to the previous corresponding period. Ricoh continued to be affected by the tough business environment. Domestic sales decreased by 11.6%. As for overseas, sales decreased by 1.1%, due mainly to continuing difficulties in the overseas economy and the appreciation of the Yen, although our effort to enhance our sales structures through the acquisition of sales channels, contributed to an increase in sales. Operating income decreased by 84.7% from the previous corresponding period, due to the negative effect of decreased sales and the appreciation of the Yen. As a result, net income attributable to Ricoh Company, Ltd. decreased by 96.5%.
Based on the results of the first quarter, we have revised our forecast down to 2.065 trillion yen in sales, 40 billion yen in operating income and 10 billion yen in net income attributable to Ricoh Company, Ltd. for the fiscal year ending March 31, 2010. We also changed our forex forecast for the second quarter and beyond as 90.00 yen to the dollar and 130.00 yen to the Euro.

 

Q1. Why did sales in Network System Solutions increase so markedly?

A1. It was due to the growth of IT services and solution businesses, and the consolidating of the sales of IKON’s solution businesses.

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Q2. Please comment on the new products recently released by the competition?

A2. We too have recently launched a new full lineup of color MFPs for offices. We believe our products and businesses are very competitive.
 

Q3. Even if hardware sales go through a phase of recovery, could the non-hardware sales lag behind this hardware trend?

A3. The trend of non-hardware sales differs fundamentally from that of hardware sales, because non-hardware sales are generated from machines in the field.
 

Q4. How about the IKON business?

A4. They are operating as planned. We have never changed our forecast that they will start to contribute to profit from the second half of this fiscal year.
 

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