Ricoh : Revision of forecast of consolidated operating results
October 27, 2016 at 03:56 am EDT
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Regarding the first half year ended September 30, 2016, net sales, operating profit, profit before income taxes, and profit attributable to owners of the parent were lower than last forecast, due to lower overseas sales.
Regarding the full year ending March 31, 2017, we revised its forecast as above because we have allocated costs for structural reform for our future business growth.
We will not change our forecast for the cash dividends for the year ending March 31, 2017.
(Note) The above consolidated financial forecasts are forward-looking statements which incorporate the Company's assumptions and outlook for the future and estimates based on the Company's plans as of the date of this release. These forward-looking statements are based on information available to and certain assumptions by the Company as of the date of this release, and there can be no assurance that the relevant forecasts will be achieved. Please note that significant differences between the forecasts and actual results may arise from various factors in the future.
Ricoh Company Ltd. published this content on 27 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 October 2016 07:56:06 UTC.
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Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).