Ricoh Company, Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Year Ending March 31, 2014
January 31, 2014 at 08:54 pm IST
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Ricoh Company, Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales of JPY 1,611,521 million against JPY 1,387,099 million a year ago. Operating income was JPY 78,201 million against JPY 40,483 million a year ago. Income before income taxes was JPY 75,894 million against JPY 36,274 million a year ago. Net income attributable to parent company was JPY 43,563 million against JPY 17,302 million a year ago. Net cash provided by operating activities was JPY 34,429 million against JPY 28,340 million a year ago. Proceeds from sales of property, plant and equipment was JPY 530 million against JPY 1,399 million a year ago. Cash flow fixed assets expenditure came to about JPY 55 billion and JPY 6.1 billion for other investing activities, suppressing the outflow by about JPY 16 billion compared to the previous year.
The company provided earnings guidance for the year ending March 31, 2014. For the year, the company expects net sales of JPY 1,286 million, operating income of JPY 120.0 million, income before income taxes of JPY 115.0 million, diluted net income per share attributable to company of JPY 96.55 million, capital expenditure of JPY 80.0 million and depreciation for tangible fixed assets of JPY 74.0 million, net income attributable to the company of JPY 70,000 million.
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%).
Ricoh Company, Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Year Ending March 31, 2014