Tagged With "profit"
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Re: Ricoh Profit down 85%, 3D printing plans on hold?
With some of the click rates I've seen on production gear lately, not to mention deep hardware discounts... <85%> is this a typo??
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Re: Ricoh Profit down 85%, 3D printing plans on hold?
Wow!! 12% reduction in sales... I know it is the smaller half year but that seems really light. Something seems to be wrong with the $'s. 50% operating profit would kick off a celebration large enough for all of us to hear.
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Re: The Right Used Equipment Strategy Can Help Your Profits Soar
It's not how you sell it's how you buy. If you buy right you can make great profits on low meter pre-owned gear while selling it for half the price of equivalent new.
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Re: Nine Serious Issues For Today's Copier Dealers
Art I would love to add a 10th to your list.... The transformation of sales reps inside a digital business world. Educating, inspiring and transforming sales reps! This is a huge issue inside dealerships. Sales reps must learn a digital set of sales skills.
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Re: Memoirs of a Copier Sales Person "Revenue Quota's Don't Suck"
I was all over the place on this blog. My apologies but had to get this out there. Sick and tired of lazy sales people, sales people that don't, people that think they are sales people and sales people that DON"T HAVE REAL REVENUE QUOTA'S
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Re: Canon cuts guidance as profit drops 56%
Is there something specific that brought this years figures down? If not, these are some scary numbers from one of the top OEMs.
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Re: Canon cuts guidance as profit drops 56%
@grizzlyadams I'm not sure. Canon still made a ton of profit. Guess a 25% drop in revenue can be dramatic. Maybe someone else can tell us? @Ray Stasiezcko
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Future P4P Hotel Webinars Survey
I heard from a number of members after today's KM One Rate Webinar. Everyone was very positive over the content of the material we provided. I'm now thinking of providing one webinar a month on a topic that our members would like. I've put a few suggestions below that you can vote on and feel free add in since we've turned on "Allow Write-In Responses". In addition you can select more than one answer. Special thanx to Monte for this idea.
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Ricoh issues Q2 financial results
In the first six months of the current financial year (April to September), Ricoh witnessed a slight drop in sales, down to ¥988.2 billion ($8.75 billion/€7.71 billion), from the figure of ¥988.8 billion ($8.76 billion/€7.72 billion) in the same period last year – a 1.1 percent decrease. Gross profit also fell, from ¥390.4 billion ($3.46 billion/€3.04 billion) to ¥383.8 billion ($3.4 billion/€2.99 billion), a 1.7 percent drop. However, operating profit more than doubled, rising to ¥52...
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Canon's net profit falls 54% as sales slump
Canon Inc. (7751.TO) said Wednesday that its net profit fell 54% in the fourth quarter from a year earlier amid lower sales across business lines such as printers and medical equipment. Net profit for the quarter ended December was 32.76 billion yen ($300.2 million), missing the estimate of Y47.01 billion from a FactSet poll of analysts. Fourth-quarter revenue declined 9.9% to Y953.47 billion. Revenue fell 7.7% for its office-equipment business and 6.9% for its medical-system business. For...
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Canon Inc.'s group net profit tumbles 50.5% in 2019 amid slowing demand
TOKYO, Jan. 29 (Xinhua) -- Canon Inc. on Wednesday said its group net profit in 2019 slumped 50.5 percent from a year earlier to 125.11 billion yen (1.14 billion U.S. dollars) owing to falling overseas demand for its cameras and printers. The Tokyo-based firm said that a slowdown in global growth coupled with the strength of the Japanese yen contributed to the decline, with the maker of imaging and optical products previously forecasting a net profit of 140 billion yen (1.28 billion U.S.
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Canon: Imaging Profits Down 80% in Q1, But the Worst is Yet to Come
Canon released its Q1 financial report earlier today, and while the impact of COVID-19 has been felt across all of its various businesses, the Imaging Business experienced the most brutal declines. Worse yet, Canon predicts that Q2 will be even more painful. You can find the full financial report at this link , but we’ll try to summarize the key findings in regards to the Imaging business in general, and Cameras specifically. The report begins by pointing out that COVID-19 has “completely...
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Japan's Sharp Halves Full-Year Profit Forecast as Virus Hits Tech Demand
TOKYO — Japan's Sharp Corp, an Apple Inc supplier, cut its full-year profit forecast by 48% on Friday, as demand for technology devices took a hit from the coronavirus outbreak. Sharp, which makes sensors, camera modules and screens for Apple's iPhones, expected annual operating profit in the year ended in March to come in at 52 billion yen ($489 million), down from its previous forecast of 100 billion yen. The company, a unit of Taiwan's Foxconn, said the coronavirus outbreak hurt...
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Ricoh reports earnings for FY2019
- Total sales down 0.2% to 2,008.5 billion yen - Operating profit down 9% to 79 billion yen - Profits down 20.2% to 39.5 billion yen - Office Printing Group (printers and MFPs) sales down 7.4% to 1006.2 billion yen o A3 MFP sales up 3% o Operating profit down from 117.9 billion yen to 90.3 billion yen - Office Services Group (solutions, including DocuWare, managed IT) sales up 18.2% to 568.9 billion yen o Operating profit up from 14.7 billion yen to 29 billion yen o Operating profit from...
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Toshiba reports on expected earnings
- Expects operating profit for fiscal year ended March, 2019 to more than triple that of previous fiscal year - Forecast profit of 130 billion yen or $1.2 billion - Total revenue to be down by 40 billion yen - Has secured a line of credit of 258 billion yen and increased its available cash by 150 billion yen
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Re: Sharp Issues Profit Warning
Interesting....., last week we get reports that Sharp USA sold their Headquarter in NJ, only to lease it back. Then I get an email earlier today about a rumored GIANT acquisition in the industry. Now, I get this Sharp financial update with an unknown source claiming that Sharp will lose billions (yen that is). Very interesting indeed.
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Re: Sharp Issues Profit Warning
Japan's Sharp (IW 1000/160) saw its shares plunge in Tokyo on Monday following a report that said the consumer electronics giant would fall back into the red, reversing company forecasts for an annual profit. The firm's shares dropped 8.73% to 230.0 yen by the close of trading. Japan's leading Nikkei business daily said the Osaka-based firm would report a loss that could amount to hundreds of millions of U.S. dollars for the fiscal year through March owing to a slump in its struggling...
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Re: Sharp Issues Profit Warning
Sharp has been down this road before. They have a history of surviving. Remember when IKON dropped Sharp? Everyone thought they were doomed. They are still here today. I think they will overcome this storm.
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Re: Sharp Issues Profit Warning
I do remember when ikon dumped sharp, and sharp was a dominant player them. After Ikon, Sharp not doing so well with copiers
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Re: Sharp Issues Profit Warning
Ricoh doesn't have the money to buy anyone else. Let alone, I doubt they want to go down the acquisition road again after thenIkon fiasco. Samsung is the one who has the cash to buy anyone in the industry. Year before last they had 32 billion in cash on hand at year end they had to spend for tax purposes etc.
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Is It More Profitable to Offer Managed Services a la Carte or Bundled?
How should a managed service provider (MSP) price its services? It might all depend on how a service provider chooses to package them. For example, a new survey of 150 IT providers conducted by remote monitoring and management (RMM) software provider Continuum revealed many MSPs leverage a " hybrid approach " to package and price services to support a variety of customers. read the rest here
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Compass Announces Partnership With Katun
Compass Sales Solutions has announced a new partnership with Katun Corp. This new relationship will allow Katun to partner with Compass's new MPS division to help its dealers assess, propose and close profitable MPS agreements. This will bring an...
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Commissions Survey 2016 "How Are You Commissioned?"
This will be the first in a series of surveys to help all of us understand the different types of comp plans and how we might better position ourselves to maximize our commission. Please take the time to cast your vote. For right now leave bonuses out of the equation. ie; for me, I'm paid on GP, however when I hit my quota and above I get a percentage of that revenue. Thus, I would select GP. Art
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Sharp Issues Profit Warning
(Reuters) - Japan's Sharp Corp warned on Monday it will likely miss this year's earnings target as an intensifying price war with cheaper Asia rivals in display panels and TVs cuts deep into the consumer electronics maker's profit margins. ...
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The Right Used Equipment Strategy Can Help Your Profits Soar
The Right Used Equipment Strategy Can Help Your Profits Soar Having the right used equipment strategy can absolutely help your dealership reap greater profits. Whether you are going to use it to penetrate into new accounts or as a path to...
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Sharp swings to first quarterly profit in two years
The following appears on reuters.com (Reuters) – Japan’s Sharp Corp reported its first quarterly net profit in two years, beating estimates, as the weaker yen and revived demand for solar cells and display panels boosted the consumer electronics maker’s turnaround drive. Sharp, a supplier of panels for Apple Inc’s iPhone, said on Thursday it made a net profit of 13.6 billion yen ($139 million) in its fiscal second quarter, its first since the three months ended September 2011. That easily...
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Sharp reports profits for fiscal 3Q16
Sharp has reported net profit of JPY4.2 billion (US$37.35 million) for fiscal third-quarter 2016 (ended December 2016), turning profitable from continued quarterly net losses for more than two years. Sharp posted consolidated revenues of JPY571.5 billion for the quarter and net operating profit of JPY18.8 billion, the highest quarterly level since first-quarter 2015. The financial improvement resulted from Sharp president and CEO Dai Cheng-wu's efforts to restructure the company. Dai was...
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Ricoh Profit down 85%, 3D printing plans on hold?
Japanese electronics company Ricoh ( OTCMKTS:RICOY) have announced their most recent financial results. In numbers released today for the six months ending 30 September 2016 the multinational reports that trading conditions remain unfavorable with an 85.5% decrease in profit compared to the prior period. The company has been hit hard by currency exchange rate movements and explained that the decrease in sales of 11.3% was due a slowdown in there Imaging & Solutions and Industrial...
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How Copier Dealer Principals Can Explode Profits with the Cloud!
The Cloud, bet you thought that I was referring to that Cloud in the sky, right? Well, I was, just not referring to the Cloud that offers SAAS solutions. I'm talking about the potential for HUGE profits with the REAL CLOUD! Yes, that cloud in the sky, the one that produces pure, clean water! Not all dealerships are equal, not all are cut out to offer Managed IT, nor Backup Disaster Recovery or even offer IT services. If you're one of those dealer principals then might I suggest turning your...
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Nine Serious Issues For Today's Copier Dealers
You Have Options in a Tough Economy The headlines of today’s economic news are adding to the already challenging environment in the imaging industry. OEM ’s, now more than ever, are operating in your territory. This is bringing concerns to dealer management all over the United States. Pricing pressure coming from CPC pricing in the .0029 vicinity is challenging even the best dealers to search for ways to compete and reduce costs. Here are some other forces that are creating serious headwinds...
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Polek & Polek And Innovolt Partner To Deliver More Profitability To Dealers
ATLANTA , June 28, 2017 /PRNewswire/ -- Polek & Polek, a leading distributor of copier, MFP, and printer supplies announces a new partnership with Innovolt, the nation's leader in intelligent power protection and analytics for businesses. Combined with Polek & Polek's long-standing ability to increase profits for dealers, Innovolt's proven solutions are designed to protect sensitive electronic equipment from damaging power disturbances, helping dealers profitably retain and win...
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Sharp Returns to First Quarter Profit on Foxconn's Cost-Cut Drive, Beats Estimates
TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn. With a profit recovery firmly underway, Sharp is preparing to take the offensive to regain lost presence in electronics markets. It is expanding a sales drive of television sets in China and re-entering the Americas TV market with a high-end brand, as it aims to...
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FUJIFILM FINISHES STRONG AT PRINTING UNITED 2019
FUJIFILM FINISHES STRONG AT PRINTING UNITED 2019 Global audience experienced new inkjet innovations Hanover Park, Ill., October 30, 2019 – As a Diamond Sponsor of the inaugural PRINTING United trade show with a dominant presence, Fujifilm ended the three-day event with multiple signed contracts for its innovative solutions. “Fujifilm experienced great success in Dallas,” said Todd Zimmerman, division president, FUJIFILM North America Corporation, Graphic Systems Division, and corporate vice...
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5 Key Ingredients Of A Nex-Gen Major Account Sales Program
Major Account Sales Teams face numerous and daunting trends in today's highly connected, networked business world. They’re wrestling with major changes in their markets brought on by information-empowered buyers and the digitization within the sales channel. Growing competition, from established companies to tech savvy start-ups has placed even more pressure on sales margins and the effectiveness of sales teams to maintain clients or drive profitable net-new business growth. With all of...
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Non-Profit Transforms and Simplifies IT through Outsourced Data Center and Managed Services with US Signal
When equipment leases and service contracts were coming to a close, Christian Brothers Services turned to US Signal for a complete outsourced solution for its entire data center, network and data protection operations. Founded in 1960 and headquartered in Romeoville, Illinois, Christian Brothers Services is a non-profit, Catholic organization that administers cooperative programs in the areas of health, retirement, property/casualty, technology and Catholic school consulting to church...
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Memoirs of a Copier Sales Person "Revenue Quota's Don't Suck"
"Who is the competition?", "What are they offering?", "Did you ask to see a copy of the competing proposals?". These are all questions that I'll ask a new rep if I hear that they are having problems with securing the order. Believe it or not here are the answers that I received. I don't know I don't know No, I didn't think of the that Many might say, well just focus on your companies strengths and everything else will fall in line. I say, that's hogwash! Most reps don't dig deep enough into...
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My Friends in and outside the Imaging Channel, Let’s Congratulate BEI Services on their 25th Anniversary
Recently I had the pleasure to participate in the BEI Services company trip. Being one of the newcomers to the BEI Family, this trip was a wonderful opportunity to see firsthand the dynamics of how both leadership and talented doers collaborate. It became obvious why BEI is so well respected. They truly deliver to market a SaaS which does what it’s designed to do and does it remarkably through remarkable people. This BEI Services trip was indeed special; the company is celebrating their 25th...
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Canon cuts guidance as profit drops 56%
TOKYO--Canon Inc. (7751.TO) said Wednesday its second-quarter net profit fell 55.6% to 34.52 billion yen ($319.0 million) from a year earlier, due to weaker sales in digital cameras and office printers. Net profit for the second quarter ended June missed the analyst consensus of Y48.68 billion provided by FactSet. Sales for the imaging system business, which includes cameras, fell 18.5%, while sales for the office equipment business dropped 7.5%. Those declines far outweighed gains made in...
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Ricoh Profit from Last Quarter
I recently read that Ricoh Corp gross profit dropped 5.2% which brought the gross profit to 184 billion yen. That 184 billion yen converts to $1,726,288,000 US dollars. I just find it amazing with all of the concerns about printing that this is an incredible number for one quarter.
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KYOCERA Announces Consolidated Financial Results for Year Ended March 31, 2019
April 25, 2019 02:28 AM Eastern Daylight Time KYOTO, Japan--( BUSINESS WIRE )-- Kyocera Corporation (TOKYO:6971) today announced its consolidated financial results for the fiscal year ended March 31, 2019 (“fiscal year 2019” or “the period”), as summarized below. From the start of this fiscal year, Kyocera Corporation and its consolidated subsidiaries have adopted International Financial Reporting Standards (“IFRS”) in lieu of U.S. Generally Accepted Accounting Principles. Financial figures...
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Ricoh MP C5503_MP C2003 Pricing.xlsx
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Toshiba Forecasts Annual Profit Drop vs Rise Expected, Limited Virus Impact
TOKYO — Toshiba Corp forecast on Friday a 15.7% drop in annual operating profit compared with expectations of a small rise in profit, even as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus outbreak. It forecast profit of 110 billion yen ($1 billion) for the year through March 2021, down from 130.46 billion yen a year earlier. The outlook compared with the 136.71 billion yen average of 13 analyst estimates compiled by Refinitiv. Since a...