Ricoh Company, Ltd. (“Ricoh”) announced its difference between consolidated forecast and actual results for the fiscal year ended March 31, 2011.
1.Difference between consolidated forecast and actual results
(Millions of Yen)
|Net sales||Operating Income||Income before income
taxes and equity in
earnings of affiliates
attributable to Ricoh
|Previous forecast (A)
(Announced on February 2, 2011)
|Actual Results (B)||1,942,013||60,196||45,400||19,650|
|Change (B - A)||-77,987||-24,804||-29,600||-15,350|
Actual results for the fiscal year
ended March 31, 2010
2. Reason for difference
The difference from consolidated forecast is caused by the material damage and decline of sales in Japan due to the aftermath of the Great East Japan Earthquake.
3. The effect of the Great East Japan Earthquake
As a result of the Great East Japan Earthquake on March 11, 2011, Ricoh suffered damage to its equipment in manufacturing, sales, service and R&D sites in the affected areas. In addition, the sales and shipments of products were delayed widely in Japan due to the shattered transport systems and the shortage of gasoline. Ricoh established a taskforce for emergency disaster control shortly after the quake took place and was working hard to assure full recovery. Consequently, while the amount of damage caused by the disaster came to about ¥9.4 billion, the production bases have been restored to the nearly normal operational status by the middle of April. For the future, Ricoh Group is planning to minimize the influence on product supplies by continuing to produce products with the stock components and use the alternative components to eliminate a supply shortage.
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,195 billion yen based on the IFRS accounting standard (approx. 21.3 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about/
Information in the news releases is true and accurate at the time of publication.
Manufacture, sales, price and specifications of products may be subject to change.