Ricoh reports loss
For its third quarter, recorded impairment losses of:
- goodwill in the amount of 2,641 million yen
- tangible fixed assets and intangible assets in selling, general and administrative expenses of 7,745 million yen
- In the last 9 months, sales decreased 20.1% to 1,193 billion yen ($11.32 billion)
- sales in the Americas decreased 29.3%
- Gross profit down 24.3% to 415.7 billion yen (US$3.94 billion)
- Selling, general and administrative expenses fell 8.3% to 447.0 billion yen
(US$4.24 billion) - Operating profit (loss) decreased 99.1 billion yen (US$940.20 million) to loss of29.7 billion yen (US$281.78 million)
- Office Printing (MFPs and printers) sales were down 22.7% to 593.5 billion yen (US$5.63 billion)
- operating profit was down 91.6% to 6.1 billion yen (US$57.87 million)
- Office Service sales were down 10% to 358.2 billion yen (US$3.40 billion)
- Commercial Printing (PPS) sales were down 26.4% to 98.1 billion yen
(US$930.72 million) - Industrial Printing sales were down 6.6% to 16.6 billion yen (US$157.49 million)