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Ricoh Company, Ltd. and Consolidated Subsidiaries

FLASH REPORT (Consolidated Results for the Year Ended March 31, 2009)

 

1. Results for the period from April 1, 2008 to March 31, 2009
(1) Operating Results (Millions of yen)
Year ended
March 31, 2008
Year ended
March 31, 2009
Net sales 2,219,989 2,091,696
  (% change from the previous fiscal year) 7.3 -5.8
Operating income 181,506 74,536
  (% change from the previous fiscal year) 4.1 -58.9
Income before income taxes 174,669 30,939
  (% change from the previous fiscal year) 0.1 -82.3
Net income 106,463 6,530
  (% change from the previous fiscal year) -4.7 -93.9
Net income per share-basic (yen) 146.04 9.02
Net income per share-diluted (yen) 142.15 8.75
Return on equity (%) 9.9 0.6
Income before income taxes on total assets (%) 7.8 1.3
Operating income on net sales (%) 8.2 3.6
Notes:
i. Equity in income of affiliates: ¥71 million (¥1,247 million in previous fiscal year)

(2) Financial Position (Millions of yen)
March 31, 2008 March 31, 2009
Total assets 2,214,368 2,513,495
Shareholders' investment 1,080,196 975,373
Equity ratio (%) 48.8 38.8
Equity per share (yen) 1,498.29 1,344.08


(3) Cash Flows


(Millions of yen)
Year ended
March 31, 2008
Year ended
March 31, 2009
Cash flows from operating activities 194,363 87,488
Cash flows from investing activities -198,350 -283,172
Cash flows from financing activities -72,185 295,914
Cash and cash equivalents at end of period 170,607 258,484


2. Dividend information


(Millions of yen)
Year ended
March 31, 2008
Year ended
March 31, 2009
Year ending
March 31, 2010
Cash dividends, applicable to the year (yen) 33.00 33.00 33.00
  Half year (yen) 16.00 18.00 16.50
  Year-end (yen) 17.00 15.00 16.50
Total annual dividends (millions of yen) 23,933 23,949 -
Payout Ratio (%) 22.6 365.9 79.6
Dividends on shareholders' equity (%) 2.2 2.3 -


3. Forecast of operating results from April 1, 2009 to March 31, 2010


(Millions of yen)
Half year ending
September 30, 2009
Year ending
March 31, 2010
Net sales 1,060,000 2,160,000
Operating income 15,000 65,000
Income before income taxes 10,000 55,000
* Net income attributable to the noncontrolling interest
Half year ending September 30, 2009 ¥3,500 millionYear ending March 31, 2010 ¥30,000 million
* Earnings per share attributable to Ricoh common stock
Half year ending September 30, 2009 ¥4.83Year ending March 31, 2010 ¥41.44
* Note: The meaning of "Earnings per share attribute to Ricoh common shareholder" is the same as the former "Net income"
   
* In accordance with Japanese regulations, Ricoh has issued forecast for its financial results for the fiscal year ending March 31, 2010. These forecast are forward-looking statements based on a number of assumptions and beliefs in light of the information currently available to management and subject to significant risks and uncertainties.

4.Others
(1) Changes in significant subsidiaries: Yes (IKON Office Solutions, Inc.)
(2) Change in accounting method has been made.
(3) Number of common stock outstanding (including treasury stock):
As of March 31, 2009744,912,078 sharesAs of March 31, 2008744,912,078 shares
(4) Number of treasury stock:
As of March 31, 200919,232,352 sharesAs of March 31, 200823,960,828 shares

(Reference) Non-consolidated information

1. Results for the period from April 1, 2008 to March 31, 2009
(1) Operating Results (Millions of yen)
Year ended
March 31, 2008
Year ended
March 31, 2009
Net sales 1,036,228 948,325
  (% change from the previous fiscal year) 0.3 -8.5
Operating income 70,500 25,190
  (% change from the previous fiscal year) -18.9 -64.3
Ordinary income 79,585 39,744
  (% change from the previous fiscal year) -24.4 -50.1
Net income 54,669 23,091
  (% change from the previous fiscal year) -24.0 -57.8
Net income per share-basic (yen) 74.99 31.90
Net income per share-diluted (yen) 72.97 31.01
Notes:
Ricoh has no dilutive securities outstanding as of March 31, 2006 and there is no difference between bases and diluted net income per share. Therefore net income per share-diluted for the year ended March 31, 2006 are omitted.
 
(2) Financial Position (Millions of yen)
March 31, 2008 March 31, 2009
Total assets 1,067,876 1,260,601
Net assets 761,216 764,782
Equity ratio (%) 71.3 60.7
Net assets per share (yen) 1,055.85 1,053.88
* Equity capitalMarch 31,2009 ¥764,782millionMarch 31,2008 ¥761,216million


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