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FY2009 Financial Announcement

ended March 31,2009

Date : April 24, 2009
Time : 4:30pm-5:30pm
Place : TSE Hall
Contents : Mr. Zenji Miura, Corporate Executive Vice President of Ricoh Company, Ltd., explained FY2009 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 FY2009 Results Presentation

Consolidated net sales of Ricoh Group for fiscal year ended March 31, 2009 decreased by 5.8% from the previous corresponding period, to ¥2,091.6 billion. Sales in all the segments such as the Imaging & Solutions, Industrial Products and Other decreased due to the economic recession and the appreciation of the Yen. Operating income dropped by 58.9% from the previous corresponding period, to ¥74.5 billion, due to the negative effect of the decreased sales, the appreciation of the Yen, and a rise in structural reform expenses, although we established a structure for reducing costs and expenses. The decrease in the other income was due to the appreciation of the Yen, as well as losses on revaluation of securities. As a result, net income decreased by 93.9% from the previous corresponding period, to ¥6.5 billion. We plan for a second half dividend of 15 yen per share, which translates into 33 yen per share over the full year. We forecast 2,160.0 billion yen in net sales and 30 billion yen in net income for the fiscal year ending March 31, 2010. To respond to the severe business situation, Ricoh is executing plans for improving performance, and is accelerating structural changes. We also estimate a total dividend of 33 yen per share for the fiscal year ended March 31, 2009 the same as for the fiscal year ended March 31, 2010.

Q1. What was IKON’s impact during FY2009? And what about FY2010?

A1. The IKON’s impact on sales for FY2009 was about 120 billion yen, and we expect it will be around 280 billion yen for FY2010, which will be about a 160 billion yen increase on a year on year basis. We expect their business will start to be profitable from the second half of FY2010.

Q2. Why will the SG&A expenses for second half of FY2010 be down from those of first half?

A2. We plan to finish structural reforms by the first half, and reap benefits from it from the second half.

Q3. What trends are you seeing in your key markets when making your FY2010 plan?

A3. e don’t expect a significant recovery of the market this fiscal year. If there are positive signs, those would come around the end of FY2010. In such a severe environment we believe we can achieve growth through IKON’s contribution and the deployment of InfoPrint business as well as a shift toward the solution business.

Q4. Why do you expect Japan sales for FY2010 will remain flat y-o-y in spite of the tough economic environment and competition?

A4. We don’t expect our sales in Japan will decrease further because our business in Japan has already touched bottom. In spite of the tough environment we are going to increase sales by being competitive with the strengthening of our business solutions which we believe can really improve efficiency in the office.