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FY2009 3rd Quarter Financial Announcement

ended December 31, 2008

Date : January 29, 2009
Time : 6:00pm-7:00pm
Place : Otemachi Sankei Plaza
Contents : Mr. Zenji Miura, Corporate Executive Vice President of Ricoh Company, Ltd., explained FY2009 3rd 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 Financial Highlights /Appendix
Consolidated Financial Figures

Summary of 3rd Quarter Results Presentation

Consolidated sales of the Ricoh group decreased 9.0% year-on-year for the 3 months ended December 31, 2008. Although sales of color MFPs and printers grew overseas, sales of all business segments decreased due to the economic slowdown. Operating income also decreased 56.9% y-o-y due to the economic slowdown and strong yen that offset profits from consecutive cost reduction activities and expense cuts. Income before income tax decreased 97.6% y-o-y due to forex evaluation losses in addition to operating income decrease.
Based on the 3rd quarter results, the tougher economic conditions and strong yen, we have again revised our forecast down to 100 billion yen in operating income and 35 billion yen in net income for the fiscal year ending March 31, 2009, although we did not change our 2.15 trillion yen forecast in sales. We set our forex assumption for the 4th quarter as 90.00 to the dollar and 120.00 to the euro. We also changed fiscal year end dividend to 18 yen per share down from 19 yen as we previously announced.

Q1. Can you realize growth strategies like IKON in parallel with the execution of structural reform under the drastic economic slowdown?

A1. We believe that we can realize both growth strategies and execution of structural reform.
We expect that the production printing business and color products in office business can achieve consecutive growth. And, we can gain market share under these tough market conditions thanks to the expansion of solution based sales activities, e.g. improving customers' business efficiency and reducing total cost of ownership.

Q2. What will be IKON’s contribution to the FY2009?

A2. We expect that the IKON impact will be around 130 billion yen in sales and no contribution to profits for this fiscal year.

Q3. Is the consolidation process of IKON in line?

A3. We estimate that the process and the transition to Ricoh products are almost in line.

Q4. Don't you expect some tens of billions in expenses to execute the structural reform for the next fiscal year ?

A4. Since we are going to reap the benefits from previous investments, we do not expect this level of additional expenses.

Q5. Do you expect an increase both in sales and profits for the next fiscal year beyond the huge forex impact?

A5. We are still working on next year’s business plan and so would rather not comment at this time.