November 8, 2023

QUARTERLY REPORT

Half year ended September 30, 2023

(Results for the Period from April 1, 2023 to September 30, 2023)

Performance Outline (Consolidated)

(1) Half year ended September 30, 2022 and 2023 (Actual result) and Year ending March 31, 2024 (Forecast)

Domestic sales Overseas sales Sales

Gross profit Operating profit (loss)

Profit (loss) before income tax expenses Profit (loss) attributable to owners of the parent

Exchange rate (Yen/US$) Exchange rate (Yen/EURO)

Earnings per share attributable to owners of the parent-basic (yen)

Earnings per share attributable to owners of the parent-diluted (yen)

Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities

Cash and cash equivalents at end of period *1 Capital expenditures *2

Depreciation *2 R&D expenditures

Total assets

Equity attributable to owners of the parent Interest-bearing debt *3

Equity attributable to owners of the parent ratio (%)

Equity per share attributable to owners of the parent (yen)

(Billions of yen)

Half year ended

Half year ended

Year ending

September 30,

September 30,

Change

March 31,

Change

2022

2023

2024

Results

Results

Forecast

351.5

404.1

14.9％

864.0

7.5％

621.9

708.4

13.9％

1,466.0

10.2％

973.5

1,112.5

14.3％

2,330.0

9.2％

346.2

386.2

11.5％

815.0

9.3％

23.4

19.5

(16.6％)

70.0

(11.1％)

24.6

24.6

0.1％

74.2

(8.7％)

14.9

15.6

4.7％

50.0

(8.0％)

133.92

140.92

7.00

142.96

7.47

138.70

153.36

14.66

154.18

13.27

23.87

25.63

1.76

82.09

(6.04)

23.87

25.62

1.75

82.07

(6.03)

(3.7)

31.4

35.1

－

－

(81.7)

(50.3)

31.3

－

－

44.0

(49.3)

(93.4)

－

－

204.1

152.9

(51.2)

－

－

18.4

21.9

3.4

48.0

2.5

20.4

21.4

0.9

43.0

1.0

49.7

54.9

5.1

108.0

0.2

March 31, 2023

September 30,

Change

2023

2,149.9

2,210.7

60.8

931.5

1,004.2

72.7

362.9

347.2

(15.7)

43.3

45.4

2.1

1,529.46

1,648.80

119.34

1

(2) Three months ended September 30, 2022 and 2023

(Billions of yen)

Domestic sales Overseas sales Sales

Gross profit Operating profit (loss)

Profit (loss) before income tax expenses Profit (loss) attributable to owners of the parent

Exchange rate (Yen/US$)

Exchange rate (Yen/EURO)

Earnings per share attributable to owners of the parent-basic (yen)

Earnings per share attributable to owners of the parent-diluted (yen)

Three months ended

Three months ended

September 30, 2022

September 30, 2023

Change

Results

Results

187.8

212.2

13.0％

326.3

365.7

12.1％

514.1

577.9

12.4％

178.2

196.0

10.0％

13.8

9.3

(32.1％)

13.4

11.2

(15.7％)

7.3

6.8

(6.9％)

138.29

144.49

6.20

139.39

157.18

17.79

11.89

11.20

(0.69)

11.89

11.19

(0.70)

Capital expenditures *2

10.2

11.3

1.1

Depreciation *2

10.2

10.7

0.4

R&D expenditures

26.5

28.8

2.2

*1

The amounts shown as "Cash and cash equivalents at end of the period" are shown on the condensed consolidated statement of cash

flows.

*2

The amounts presented in capital expenditures and depreciation are for property, plant and equipment.

*3 The amounts are shown bonds and borrowings.

Ricoh Company, Ltd.

  • The result forecasts and forward-looking statements included in this document are based on information available to the Company as at the date of submission of this quarterly report and certain assumptions that the Company considers reasonable. The Company makes no guarantees with respect to the achievement of its result forecasts or forward-looking statements. Actual results might be significantly different from the forecasts in the document, depending on various factors.

2

Ricoh Company, Ltd. and its Consolidated Subsidiaries

Financial Highlights for the Half Year Ended September 30, 2023 [Prepared on the basis of International Financial Reporting Standards]

1. Results for the Period from April 1, 2023 to September 30, 2023

(1) Operating Results

(Millions of yen)

Half year ended

Half year ended

September 30, 2022

September 30, 2023

Sales

973,536

1,112,590

(% change from the previous corresponding period)

15.4

14.3

Operating profit (loss)

23,448

19,561

(% change from the previous corresponding period)

79.0

(16.6)

Profit (loss) before income tax expenses

24,604

24,629

(% change from the previous corresponding period)

54.0

0.1

Profit (loss) for the period

15,342

15,325

(% change from the previous corresponding period)

36.2

(0.1)

Profit (loss) attributable to owners of the parent

14,914

15,614

(% change from the previous corresponding period)

33.7

4.7

Comprehensive income (loss)

73,716

83,852

(% change from the previous corresponding period)

355.2

13.8

Earnings per share attributable to owners of the parent-basic (yen)

23.87

25.63

Earnings per share attributable to owners of the parent-diluted (yen)

23.87

25.62

Notes: Earnings per share attributable to owners of the parent (basic and diluted) are based on profit (loss) attributable to owners of the parent.

(2) Financial Position

(Millions of yen)

March 31, 2023

September 30, 2023

Total assets

2,149,956

2,210,788

Total equity

958,082

1,030,252

Equity attributable to owners of the parent

931,556

1,004,295

Equity attributable to owners of the parent ratio (%)

43.3

45.4

2. Dividend Information

Year ended

Year ending

March 31, 2023

March 31, 2024

(Actual)

(Forecast)

Cash dividends, applicable to the year (yen)

34.00

36.00

Interim (yen)

17.00

18.00

Year-end (yen)

17.00

18.00

Notes: Revision of expected dividends during this period: No

3. Forecast of Operating Results from April 1, 2023 to March 31, 2024

(Millions of yen)

Year ending

March 31, 2024

Sales

2,330,000

(% change from the previous corresponding period)

9.2

Operating profit (loss)

70,000

(% change from the previous corresponding period)

(11.1)

Profit (loss) before income tax expenses

74,200

(% change from the previous corresponding period)

(8.7)

Profit (loss) for the period

51,700

(% change from the previous corresponding period)

(7.1)

Profit (loss) attributable to owners of the parent

50,000

(% change from the previous corresponding period)

(8.0)

Earnings per share attributable to owners of the parent-basic (yen)

82.09

Notes: Revision of forecast of consolidated operating results during this period: Yes

4. Others

  1. Changes in significant subsidiaries: No New: － (Company name: －) Exclusion: － (Company name: －)
  2. Changes in accounting policies and accounting estimate
    1. Changes in accounting policies required by IFRS: Yes
    2. Other changes: No
    3. Changes in accounting estimate: No
  4. Number of common stock outstanding (including treasury stock):
    As of September 30, 2023: 609,521,978 shares; As of March 31, 2023: 609,521,978 shares
  5. Number of treasury stock:

As of September 30, 2023: 414,957 shares; As of March 31, 2023: 447,171 shares

  1. Average number of common stock:

Half year ended September 30, 2023: 609,089,474 shares; Half year ended September 30, 2022: 624,766,306 shares

Notes: The Company has established the Board Incentive Plan trust in which beneficiaries include Directors and Executive Officers. The

shares owned by the trust account relating to this trust are accounted for as treasury shares. (As of September 30, 2023: 334,900 shares; As of

March 31, 2023: 371,400 shares)

3

Qualitative Information on Consolidated Financial Results for the Quarter under Review 1. Qualitative Information on Consolidated Business Results

* Overview of the Half of Fiscal 2023 (April 1 - September 30, 2023)

Ricoh started the 21st Mid-Term Management Strategy from April 2023.

As our medium- to long-term goal, we aim to become a digital services company that supports worker's creativity and transforms the workplace, in order to achieve our Mission & Vision of "Fulfillment through Work." We expand the range of workplaces where we provide digital services from offices, centered on the sale of MFPs, to services on frontlines and throughout society. At the same time, we will expand the customer value we provide to each workplace (office/frontline/social setting) and progressively transform into a digital services company. During this fiscal year, we will accelerate our transformation from an earnings structure focused on the office printing business and work to enhance profitability, with the aim of increasing profitability through business expansion and structural reforms centered on the office services business. We will also build flexible production and supply systems, raise our capacity to tackle changes in business environment and establish a new pillar of earnings in frontline digital services domains.

Although the global economy was gradually recovering, it remained unstable due to factors such as prolonged inflation and continued tight monetary policies mainly in Europe and the Americas, and geopolitical risks such as the prolonged Russia/Ukraine situation. During the first half of this fiscal year, Japan's social and economic activities were normalized as a result of the category shift of COVID-19 to Class 5 infectious diseases, and increased demand for inbound. On the other hand, the future uncertainty continued due to inflation and yen depreciation. In the U.S., despite continued inflation, the economy remained firm against a backdrop of a favorable employment environment. Europe is experiencing a slowdown in its economic recovery due to the prolonged Russia/Ukraine situation, ongoing inflation, and other factors. In other regions, while economic activities in China were normalized, there were concerns that the economic recovery would be delayed due to the sluggish real estate market and the slowdown in personal consumption expenditures.

During this period, the average exchange rates of Japanese yen against U.S. dollar and Euro were ¥140.92 (up ¥7.00 from the previous corresponding period) and ¥153.36 (up ¥14.66 from the previous corresponding period) respectively.

Sales for the half of this fiscal year increased by 14.3% as compared to the previous corresponding period, to ¥1,112.5 billion. Sales increased mainly in the office service business due to the relaxation of restrictions on supplying merchandise experienced in the half of the previous fiscal year, the acquisitions in Europe and the Americas, and other factors. In addition, sales increased due to the acquisition of PFU Limited (hereinafter, PFU), which became a consolidated subsidiary in September 2022, and yen depreciation.

In Japan, sales increased by 14.9% as compared to the previous corresponding period. Sales improved mainly in the office service business. Especially, Scrum series, which was expected to grow by the sales expansion targeting customers interests and needs such as back-office DX*, continued to grow at a high rate. In addition, sales increased due to the consolidation of PFU.

Sales in the Americas increased by 12.9% (an increase of 7.5% excluding foreign currency exchange fluctuations) as compared to the previous corresponding period. Sales of edge devices in the office printing business increased due to the resolution of supply shortages, particularly for A4 MFPs. In the office services business, sales increased because of the growth in the communication services field where Cenero,LLC. (hereinafter, Cenero) was acquired in September 2022 and the robust growth in outsourcing services for document related operations. In addition, due in part to the impact of the consolidation of PFU and yen depreciation, sales increased. Sales in the Europe, the Middle East, and Africa increased by 17.6% (an increase of 6.6% excluding foreign currency exchange fluctuations) as compared to the previous corresponding period. Sales of edge devices increased in the office printing business as the shortage of A4 MFPs and other products was resolved. In the office service business, sales of application services and communications services increased steadily, especially among acquired companies, and sales increased due to the consolidation of PFH Technology Group (hereinafter "PFH") in June 2023. In addition, due in part to yen depreciation, sales increased. Sales in other regions increased by 6.9% (an increase of 4.8% excluding foreign currency exchange fluctuations) as compared to the previous corresponding period. Sales grew due to yen depreciation as well as an improvement in sales due to the normalization of economic activities following the lifting of the zero-covid policies in China. As a result, sales in the overseas market increased by 13.9% as compared to the previous corresponding period. Excluding effects of foreign currency fluctuations, sales in overseas would have increased by 6.8% as compared to the previous corresponding period.

  • DX (digital transformation): Measures taken by companies in response to dramatic changes in the business environment to establish competitive advantage by transforming their products, services, and business models, as well as the operations themselves, organizations, processes, and corporate cultures, through utilization of data and digital technologies, based on the needs of customers and society.

Gross profit increased by 11.5% as compared to the previous corresponding period, to ¥386.2 billion. Profit increased due to the growth in the office service business and continued structural reforms as well as the impact of the consolidation of PFU and yen depreciation. On the other hand, gross profit margin decreased due to the delayed sales recoveries of edge devices, mainly relatively high-value-added A3 MFPs.

Selling, general and administrative expenses increased by 13.9% as compared to the previous corresponding period, to ¥371.8 billion mainly due to the PFU and yen depreciation, in addition to increases in personnel expenses due to business growth and inflation and structural reform expenses due to reorganization.

Operating profit decreased by ¥3.8 billion compared to the previous corresponding period, to ¥19.5 billion, because the increase in selling, general and administrative expenses exceeded the increase in gross profit.

Net financial income increased as compared to the previous corresponding period, reflecting higher foreign exchange gains. The share of profit of investments accounted for using the equity method was lower, reflecting worse performances among equity-method affiliates.

Profit before income tax expenses unchanged as compared to the previous corresponding period, to ¥24.6 billion.

Income tax expenses were almost unchanged as compared to the previous corresponding period.

Due to the above result and a decrease in profit attributable to non-controlling interests, profit attributable to owners of the parent increased by ¥0.7 billion as compared to the previous corresponding period, to ¥15.6 billion.

Comprehensive income increased to ¥83.8 billion, owing largely to an increase in profit for the period and translation adjustments for foreign operations.

4

* Review by Business Segment

Digital Services

Digital Services sales were ¥883.3 billion and increased by 14.2% as compared to the previous corresponding period. In the office services business, sales of the Scrum series in Japan continued to grow. In addition to increased sales of back-office and security-related services, such as support for invoicing systems, Scrum Asset, which offers solutions mainly to mid-sized companies, also grew at a rapid rate. In addition, the number of subscribers to RICOH kintone plus, a cloud-based business improvement platform developed jointly with Cybozu, Inc., also grew steadily.

In the Americas, sales increased due to growth in the area of communication services through the acquisition of Cenero, as well as the robust growth in outsourcing services for document related operations. In Europe, sales continued to increase due to steadily increase in sales of application services and communications services, especially among acquired companies. In June, we completed the acquisition of PFH, the leading provider of IT infrastructure, cloud and managed workplace services in Ireland, and are working to strengthen our IT services. In the office printing business, sales of edge devices increased from the previous corresponding period due to the progress in the delivery of bulk sales, including A3 MFPs, mainly due to the resolution of the supply shortage of A4 MFPs.

As a result of growth in the office service business and continued implementation of pricing controls, including cost pass- through and value-added sales, in addition to sales recovery of edge devices in the office printing business, Digital Services operating profit was ¥18.9 billion and increased by ¥8.4 billion as compared to the previous corresponding period.

Digital Products

Digital Products sales were ¥44.5 billion and increased by 75.6% (Sales including intersegment sales were ¥234.4 billion and increased by 2.1%) as compared to the previous corresponding period. Though intersegment sales decreased due to production adjustments in A3 MFPs, revenue increased due to the acquisition of PFU. Despite efforts to improve profits by continuing structural reforms in production and development, Digital Products operating profit was ¥1.8 billion and decreased by ¥21.7 billion as compared to the previous corresponding period, mainly due to a decline in sales caused by production adjustments for relatively high-value-added A3 MFPs.

Graphic Communications

Graphic Communications sales were ¥120.4 billion and increased by 10.6% as compared to the previous corresponding period. In the commercial printing business, sales of production printers continued to grow mainly in the Americas. Non-hardware sales were also robust, exceeding the level before the spread of the COVID-19. In the industrial printing business, sales increased as sales of inkjet head increased against the background of increased demand.

Despite increased expenses due to business growth and temporary increased expenses due to reorganization, Graphic Communications operating profit was ¥6.0 billion and increased by ¥2.1 billion as compared to the previous corresponding period due to sales increase and yen depreciation.

Industrial Solutions

Industrial Solutions sales were ¥51.8 billion and decreased by 7.0% as compared to the previous corresponding period. In the thermal media business, sales declined in Europe and the Americas due to inventory adjustments by customers. In the industrial products business, sales of optical products declined due to the demand decrease for projectors in China.

Despite efforts to secure profits through pricing controls and cost reductions, Industrial Solutions operating profit (loss) was ¥1.0 billion (loss). (Operating profit (loss) was ¥0.4 billion (loss) in the previous corresponding period.)

Other

Other segment sales were ¥12.3 billion and increased by 20.5% as compared to the previous corresponding period. In addition to the steady performance of the camera business, the drug discovery support business steadily grows in contract manufacturing services for investigational products.

As a result of up-front investments to create new businesses, including these activities, Other segment operating profit (loss) was ¥5.2 billion (loss), improved by ¥0.8 billion from the previous corresponding period.

(Notes) 1. Digital services as a business segment is mainly limited to the office services business and the office printing sales business. This segment does not include all digital services, which Ricoh aims to transform into "a digital services company" that connects workplaces and support worker's creativity. "Digital Services" provided as "a digital services company" is included in all the business segments as well as Digital Services business segment.

  1. The PFU business in Other segment has been reclassified into Digital Services and Digital Products from the first quarter. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
  2. The electronics business in Industrial Solutions has been reclassified into Digital Products from the previous third quarter. Prior year comparative figures have also been reclassified to conform to the current year's presentation.

2. Analysis of Consolidated Financial Position

*Assets, Liabilities and Equity

Total assets increased by ¥60.8 billion as compared to the end of the previous fiscal year, to ¥2,210.7 billion. Assets increased due to translation adjustments of foreign assets resulting from a significant yen depreciation, compared to the end of the previous fiscal year. After excluding the foreign exchange impact, total assets decreased by ¥50.4 billion.

The exchange rates for major currencies for the yen at the end of the second quarter were ¥149.58 against the U.S. dollar (up ¥16.05 from the previous fiscal year) and ¥158.00 against the euro (up ¥12.28).

"Cash and cash equivalents" decreased by ¥59.5 billion. "Inventories" increased by ¥26.2 billion due to inventory for sales, acquisitions, yen depreciation and others. "Goodwill and intangible assets" increased by ¥39.8 billion due to acquisitions in Europe and yen depreciation. Total liabilities decreased by ¥11.3 billion as compared to the end of previous year, to ¥1,180.5 billion. "Trade and other payables" decreased by ¥31.6 billion mainly due to the payment of liabilities recorded at the end of the previous fiscal year, and "Bonds and borrowings" decreased by ¥15.7 billion due to the repayment of borrowings and other factors.

Total equity increased by ¥72.1 billion as compared to the end of previous fiscal year, to ¥1,030.2 billion. Yen depreciation resulted in an increase in exchange differences on translation of foreign operations.

Equity attributable to owners of the parent therefore increased by ¥72.7 billion, to ¥1,004.2 billion. The equity attributable to owners of the parent ratio remained safe, at 45.4%.

5

* Cash Flows (Half year from April 1, 2023 to September 30, 2023)

Net cash provided by operating activities increased by ¥35.1 billion as compared to the previous corresponding period, to ¥31.4 billion. Cash proceeds increased mainly due to a decrease in trade and other receivables and a decrease in inventory increases compared to the previous corresponding period.

Net cash used in investing activities decreased by ¥31.3 billion as compared to the previous corresponding period, to ¥50.3 billion. Cash expenditures increased mainly due to the acquisition of PFU during the previous corresponding period.

Free cash flow (net cash provided by operating activities plus net cash used in investing activities) totaled ¥18.9 billion in expenditures, cash used decreased by ¥66.4 billion as compared to the previous corresponding period.

Net cash used in financing activities increased by ¥93.4 billion in expenditures as compared to the previous corresponding period, to ¥49.3 billion. During the half of this fiscal year, cash expenditures related to the acquisition of treasury stock decreased compared to the previous corresponding period. However, in contrast to cash proceeds increased from financing in the previous corresponding period, cash expenditures increased mainly due to the repayment of debt.

As a result, the balance of cash and cash equivalent at the end of period decreased by ¥57.9 billion as compared to the end of previous fiscal year, to ¥152.9 billion.

3. Qualitative Information on Forecasted Consolidated Financial Results

During the half of this fiscal year, the office service business grew steadily and sales grew more than expected due to yen depreciation. On the other hand, profits were squeezed because sales recovery of edge devices in the office printing business fell below expectations and production adjustments for high-value-added A3 MFPs continued.

From the third quarter of this fiscal year, the office service business continues to grow in Japan and overseas, but carefully reviewed the prerequisites of the respective businesses, such as the impact of changes in market conditions abroad and the delayed sales recoveries in the office printing business.

Furthermore, to reflect the current state of yen depreciation, Ricoh has changed the assumed exchange rates to ¥145 against the U.S. dollar and ¥155 against the euro in and after the third quarter of this fiscal year..

As a result, we revised upwards the outlook for sales and gross profit announced in the flash report in May this year.

There was no change on the forecast of operating profit, profit before income tax expenses and profit attributable to owners of the parent.

The actual exchange rates during the half of this fiscal year have been incorporated for the full year.

Exchange Rate Assumptions for the full year ending March 31, 2024

US$ 1 =

¥142.96

(¥135.49 in previous fiscal year)

EURO 1 =

¥154.18

(¥140.91 in previous fiscal year)

(Billions of yen)

Year ending

Year ending

March 31, 2024

March 31, 2024

Year ended

(Previous forecast)

(Revised forecast)

Change

March 31, 2023

Change

(A)

(B)

(B-A)

(C)

(B-C)/C

Domestic sales

864.0

864.0

－

803.9

7.5%

Overseas sales

1,386.0

1,466.0

80.0

1,330.2

10.2%

Sales

2,250.0

2,330.0

80.0

2,134.1

9.2％

Gross profit

790.0

815.0

25.0

745.4

9.3%

Operating profit (loss)

70.0

70.0

－

78.7

(11.1％)

Profit (loss) before income tax expenses

74.2

74.2

－

81.3

(8.7％)

Profit (loss) attributable to owners of the parent

50.0

50.0

－

54.3

(8.0％)

  • The result forecasts and forward-looking statements included in this document are based on information available to the Company as at the date of submission of this quarterly report and certain assumptions that the Company considers reasonable. The Company makes no guarantees with respect to the achievement of its result forecasts or forward-looking statements. Actual results might be significantly different from the forecasts in the document, depending on various factors. Factors which may affect the actual business results include but are not limited to the economic situation in the geographic areas where Ricoh conducts business, including Japan, the Americas, Europe, Middle East, Africa, China and Asia, market environment, and currency exchange rates.

6

4. Condensed Consolidated Financial Statements

  1. Condensed Consolidated Statement of Financial Position Assets

(Millions of yen)

March 31, 2023

September 30, 2023

Change

Current Assets

Cash and cash equivalents

221,890

162,384

(59,506)

Time deposits

207

222

15

Trade and other receivables

476,429

469,275

(7,154)

Other financial assets

93,906

103,206

9,300

Inventories

314,368

340,612

26,244

Other current assets

68,499

81,455

12,956

Total Current Assets

1,175,299

1,157,154

(18,145)

Non-current assets

Property, plant and equipment

196,512

201,617

5,105

Right-of-use assets

57,003

59,967

2,964

Goodwill and intangible assets

366,394

406,224

39,830

Other financial assets

135,158

155,344

20,186

Investments accounted for using the equity method

83,529

86,173

2,644

Other investments

19,359

19,296

(63)

Other non-current assets

44,540

49,312

4,772

Deferred tax assets

72,162

75,701

3,539

Total Non-current Assets

974,657

1,053,634

78,977

Total Assets

2,149,956

2,210,788

60,832

Liabilities and Equity

(Millions of yen)

March 31, 2023

September 30, 2023

Change

Current Liabilities

Bonds and borrowings

157,828

171,738

13,910

Trade and other payables

312,429

280,730

(31,699)

Lease liabilities

26,185

22,434

(3,751)

Other financial liabilities

2,582

25,788

23,206

Income tax payables

11,864

15,587

3,723

Provisions

10,968

10,036

(932)

Other current liabilities

307,258

329,721

22,463

Total Current Liabilities

829,114

856,034

26,920

Non-current Liabilities

Bonds and borrowings

205,110

175,465

(29,645)

Lease liabilities

38,147

46,317

8,170

Other financial liabilities

27,566

7,312

(20,254)

Accrued pension and retirement benefits

41,058

40,628

(430)

Provisions

8,347

8,904

557

Other non-current liabilities

24,742

27,158

2,416

Deferred tax liabilities

17,790

18,718

928

Total Non-current Liabilities

362,760

324,502

(38,258)

Total Liabilities

1,191,874

1,180,536

(11,338)

Equity

Common stock

135,364

135,364

－

Additional paid-in capital

158,529

158,392

(137)

Treasury stock

(427)

(398)

29

Other components of equity

167,368

235,814

68,446

Retained earnings

470,722

475,123

4,401

Equity attributable to owners of the parent

931,556

1,004,295

72,739

Non-controlling interests

26,526

25,957

(569)

Total Equity

958,082

1,030,252

72,170

Total Liabilities and Equity

2,149,956

2,210,788

60,832

7

  1. Condensed Consolidated Statement of Profit or Loss and Condensed Consolidated Statement of Comprehensive Income

Condensed Consolidated Statement of Profit or Loss

Half year ended September 30, 2022 and 2023

(Millions of yen)

Half year ended

Half year ended

September 30,

September 30,

2022

2023

Change

%

Sales

973,536

1,112,590

139,054

14.3

Cost of sales

627,250

726,309

99,059

15.8

Percentage of sales (%)

64.4

65.3

Gross profit

346,286

386,281

39,995

11.5

Percentage of sales (%)

35.6

34.7

Selling, general and administrative expenses

326,520

371,825

45,305

13.9

Percentage of sales (%)

33.5

33.4

Other income

3,682

5,105

1,423

38.6

Percentage of sales (%)

0.4

0.5

Operating profit (loss)

23,448

19,561

(3,887)

(16.6)

Percentage of sales (%)

2.4

1.8

Finance income

1,347

8,247

6,900

512.2

Percentage of sales (%)

0.1

0.7

Finance costs

4,082

6,584

2,502

61.3

Percentage of sales (%)

0.4

0.6

Share of profit (loss) of investments accounted for using the

3,891

3,405

(486)

(12.5)

equity method

Percentage of sales (%)

0.4

0.3

Profit (loss) before income tax expenses

24,604

24,629

25

0.1

Percentage of sales (%)

2.5

2.2

Income tax expenses

9,262

9,304

42

0.5

Percentage of sales (%)

1.0

0.8

Profit (loss) for the period

15,342

15,325

(17)

(0.1)

Percentage of sales (%)

1.6

1.4

Profit (loss) attributable to:

Owners of the parent

14,914

15,614

700

4.7

Percentage of sales (%)

1.5

1.4

Non-controlling interests

428

(289)

(717)

－

Percentage of sales (%)

0.0

(0.0)

Half year ended

Half year ended

September 30, 2022

September 30, 2023

Change

Earnings per share attributable to owners of the parent-basic (yen)

23.87

25.63

1.76

Earnings per share attributable to owners of the parent-diluted (yen)

23.87

25.62

1.75

* Gain on sales of property, plant and equipment and others were included in "Other income".

8

Three months ended September 30, 2022 and 2023

(Millions of yen)

Three months

Three months

ended

ended

September 30,

September 30,

2022

2023

Change

%

Sales

514,195

577,989

63,794

12.4

Cost of sales

335,914

381,906

45,992

13.7

Percentage of sales (%)

65.3

66.1

Gross profit

178,281

196,083

17,802

10.0

Percentage of sales (%)

34.7

33.9

Selling, general and administrative expenses

166,842

189,816

22,974

13.8

Percentage of sales (%)

32.4

32.8

Other income

2,383

3,123

740

31.1

Percentage of sales (%)

0.5

0.5

Operating profit (loss)

13,822

9,390

(4,432)

(32.1)

Percentage of sales (%)

2.7

1.6

Finance income

744

4,945

4,201

564.7

Percentage of sales (%)

0.1

0.9

Finance costs

2,991

4,791

1,800

60.2

Percentage of sales (%)

0.6

0.8

Share of profit (loss) of investments accounted for using the

1,828

1,751

(77)

(4.2)

equity method

Percentage of sales (%)

0.4

0.3

Profit (loss) before income tax expenses

13,403

11,295

(2,108)

(15.7)

Percentage of sales (%)

2.6

2.0

Income tax expenses

5,683

4,549

(1,134)

(20.0)

Percentage of sales (%)

1.1

0.8

Profit (loss) for the period

7,720

6,746

(974)

(12.6)

Percentage of sales (%)

1.5

1.2

Profit (loss) attributable to:

Owners of the parent

7,323

6,819

(504)

(6.9)

Percentage of sales (%)

1.4

1.2

Non-controlling interests

397

(73)

(470)

－

Percentage of sales (%)

0.1

(0.0)

Three months ended

Three months ended

September 30, 2022

September 30, 2023

Change

Earnings per share attributable to owners of the parent-basic (yen)

11.89

11.20

(0.69)

Earnings per share attributable to owners of the parent-diluted (yen)

11.89

11.19

(0.70)

* Gain on sales of property, plant and equipment and others were included in "Other income".

9

Condensed Consolidated Statement of Comprehensive Income

Half year ended September 30, 2022 and 2023

Profit (loss) for the period

Other comprehensive income (loss):

Components that will not be reclassified subsequently to profit or loss:

Remeasurements of defined benefit plans

Net changes in fair value of financial assets measured through other comprehensive income

Share of other comprehensive income of investments accounted for using equity method

Total components that will not be reclassified subsequently to profit or loss

Components that will be reclassified subsequently to profit or loss:

Net changes in fair value of cash flow hedges

Exchange differences on translation of foreign operations Share of other comprehensive income of investments accounted for using equity method

Total components that will be reclassified subsequently to profit or loss

Total other comprehensive income (loss) Comprehensive income (loss)

Comprehensive income (loss) attributable to: Owners of the parent Non-controlling interests

Three months ended September 30, 2022 and 2023

Profit (loss) for the period

Other comprehensive income (loss):

Components that will not be reclassified subsequently to profit or loss:

Remeasurements of defined benefit plans

Net changes in fair value of financial assets measured through other comprehensive income

Share of other comprehensive income of investments accounted for using equity method

Total components that will not be reclassified subsequently to profit or loss

Components that will be reclassified subsequently to profit or loss:

Net changes in fair value of cash flow hedges

Exchange differences on translation of foreign operations Share of other comprehensive income of investments accounted for using equity method

Total components that will be reclassified subsequently to profit or loss

Total other comprehensive income (loss) Comprehensive income (loss)

Comprehensive income (loss) attributable to: Owners of the parent Non-controlling interests

(Millions of yen)

Half year ended

Half year ended

September 30, 2022

September 30, 2023

Change

15,342

15,325

(17)

(570)

－

570

(143)

214

357

(768)

56

824

(1,481)

270

1,751

(147)

－

147

59,936

68,273

8,337

66

(16)

(82)

59,855

68,257

8,402

58,374

68,527

10,153

73,716

83,852

10,136

73,080

83,201

10,121

636

651

15

(Millions of yen)

Three months ended

Three months ended

September 30, 2022

September 30, 2023

Change

7,720

6,746

(974)

(570)

－

570

83

(29)

(112)

(101)

181

282

(588)

152

740

(70)

－

70

14,972

12,532

(2,440)

130

(125)

(255)

15,032

12,407

(2,625)

14,444

12,559

(1,885)

22,164

19,305

(2,859)

21,592

19,156

(2,436)

572

149

(423)

10

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Ricoh Company Ltd. published this content on 08 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:46:45 UTC.