Notice Concerning Revision of Consolidated Financial Forecast
Ricoh Company, Ltd. (“Ricoh”) revised its consolidated financial forecast for the six months ending September 30, 2009 and the year ending March 31, 2010 based on its recent business performance.
1. Revision of the consolidated financial forecast for the six months ending September 30, 2009
| |
Net sales |
Operating
income |
Income
before
income taxes |
Net income
attributable to
Ricoh Company, Ltd. |
Previous forecast (A)
(Announced on April 24, 2009) |
1,060,000 |
15,000 |
10,000 |
3,500 |
| New forecast (B) |
1,005,000 |
11,000 |
6,000 |
1,000 |
| Change (B – A) |
-55,000 |
-4,000 |
-4,000 |
-2,500 |
| Percentage change |
-5.2% |
-26.7% |
-40.0% |
-71.4% |
(Reference)
Actual for the six months ended September 30, 2008 |
1,065,927 |
65,076 |
58,875 |
34,345 |
|
2. Revision of the consolidated financial forecast for the year ending March 31, 2010
| |
Net sales |
Operating
income |
Income
before
income taxes |
Net income
attributable to
Ricoh Company, Ltd. |
Previous forecast (A)
(Announced on April 24, 2009) |
2,160,000 |
65,000 |
55,000 |
30,000 |
| New forecast (B) |
2,065,000 |
40,000 |
30,000 |
10,000 |
| Change (B – A) |
-95,000 |
-25,000 |
-25,000 |
-20,000 |
| Percentage change |
-4.4% |
-38.5% |
-45.5% |
-66.7% |
(Reference)
Actual for the year ended March 31, 2009 |
2,091,696 |
74,536 |
30,939 |
6,530 |
|
3. Basis for the revision
| Ricoh assumes the consolidated net sales to be lower than the previously announced in April 2009, due mainly to a delay of the rebound in customer demand in both domestic and overseas market than originally forecasted. With regard to the operating income, income before income taxes and net income attributable to Ricoh Company, Ltd., Ricoh also expects them to be lower than those previously announced respectively, as a result of the decrease in the gross profit stemming from the decrease in net sales, that offsets the profit generated from Ricoh's group-wide cost reduction efforts. |
| * Ricoh bases the forecast estimates above upon information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected. |
July. 31, 2009
Ricoh Company, Ltd.
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