Ricoh posts last quarter’s earnings
Total sales down 26.2% to 352.2 billion yen ($3.3 billion)
- Gross profit down 33.8% to 122 billion yen
- Operating profit was a loss of 21.2 billion yen
- Profit attributable to owners of parent was a loss of 18.6 billion yen
- Office Printing division hardware sales down 32.1% to 174.7 billion yen
o Operating profit was a loss of 8 billion yen
o Click volumes bottoming at less than 50% in US
o A3 MFPs down 30%
o A4 MFPs down 31%
- Office Service division revenue down 8.7% to 1,033 billion yen
o Operating profit down 23.5% to 38 billion yen
o IT hardware and software sales down 8.9% to 42.2 billion yen
o IT services revenue down 0.5% to 22.5 billion yen
o Business Process services revenue down 21.9% to 20.8 billion yen
o Business specific applications revenue up 18.3% to 15.8 billion yen
- Commercial Printing (PPS) division revenue down 35.4% to 27.7 billion yen
o Operating profit down 85.7% to 0.8 billion yen
- Total liabilities of 921.8 billion yen ($8.7 billion)