Ricoh : Securities Reports updated

Annual Securities Report

(The 121st Business Term)

From April 1, 2020 to March 31, 2021

3-6, Nakamagome 1-chome,Ohta-ku, Tokyo

Ricoh Company, Ltd.

[Cover]
[Document Filed]	Annual Securities Report ("Yukashoken Houkokusho")
[Applicable Law]	Article 24, Paragraph 1 of the Financial Instruments and Exchange Act of
	Japan
[Filed to]	Director, Kanto Local Finance Bureau
[Filing Date]	June 25, 2021
[Fiscal Year]	The 121st Business Term (from April 1, 2020 to March 31, 2021)
[Company Name]	Kabushiki Kaisha Ricoh
[Company Name in English]	Ricoh Company, Ltd.
[Title and Name of	Yoshinori Yamashita
Representative]	Representative Director, President, Chief Executive Officer
[Address of Head Office]	3-6, Nakamagome 1-chome,Ohta-ku, Tokyo
[Phone No.]	03-3777-8111
[Contact Person]	Hidetaka Matsuishi, Director, Executive Corporate Officer, Chief
	Financial Officer
[Contact Address]	3-6, Nakamagome 1-chome,Ohta-ku, Tokyo
[Phone No.]	03-3777-8111
[Contact Person]	Hidetaka Matsuishi, Director, Executive Corporate Officer, Chief
	Financial Officer
[Place Where Available for	Tokyo Stock Exchange, Inc.
Public Inspection]	(2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo)

This is an English translation of the Annual Securities Report filed with the Director of the Kanto Local Finance Bureau via Electronic Disclosure for Investors' NETwork ("EDINET") pursuant to the Financial Instruments and Exchange Act of Japan. Certain information is only included in this English translation of the Annual Securities Report for ADR holders and not included in the original report. The translation of the Independent Auditors' Report is included at the end of this document.

In this document, the term "Ricoh" refers to Ricoh Company, Ltd. and our consolidated subsidiaries or as the context may require, and the term "the Company" refers to Ricoh Company, Ltd. on a nonconsolidated basis. References in this document to the "Financial Instruments and Exchange Act" are to the Financial Instruments and Exchange Act of Japan and other laws and regulations amending and/or supplementing the Financial Instruments and Exchange Act of Japan. References in this document to the "Companies Act" are to the Companies Act of Japan and other laws and regulations amending and/or supplementing the Companies Act of Japan.

	Contents
I. Overview of the Company ....................................................................................................	1
1.	Key Financial Data...............................................................................................................	1
2.	History..................................................................................................................................	3
3.	Description of Business .......................................................................................................	6
4.	Information on Affiliates .....................................................................................................	9
5.	Employees ..........................................................................................................................	13
II.	Business Overview ...........................................................................................................	14
1.	Management policies, Management enviorments and issues to be solved ........................	14
2.	Risk Factors........................................................................................................................	27
3.	Analysis of Consolidated Financial Position, Operating Results and Cash Flows ............	40
4.	Material Agreements, etc. ..................................................................................................	50
5.	Research and Development................................................................................................	51
III. Property, Plant and Equipment.........................................................................................	59
1.	Summary of Capital Investments, etc. ...............................................................................	59
2.	Major Property, Plants and Equipment ..............................................................................	60
3.	Plans for Capital Investment, Disposals of Property, Plant and Equipment, etc. ..............	64
IV. Information on the Company ...........................................................................................	65
1.	Information on the Company's Stock, etc. ........................................................................	65
2.	Information on Acquisition, etc. of Treasury Stock...........................................................	73
3.	Dividend Policy..................................................................................................................	74
4.	Corporate Governance, etc.................................................................................................	75
V.	Financial Information….............................................................................................................F-1

I. OVERVIEW OF THE COMPANY

1. KEY FINANCIAL DATA

Consolidated financial data, etc.

(Millions of yen, unless otherwise stated) IFRSs

Fiscal year	117th	118th	119th	120th	121st
business term	business term	business term	business term	business term
Year end	March 2017	March 2018	March 2019	March 2020	March 2021
Sales	2,028,899	2,063,363	2,013,228	2,008,580	1,682,069
Profit(loss) before income tax	29,955	(124,182)	83,964	75,891	(41,028)
expenses
Profit(loss) attributable to	3,489	(135,372)	49,526	39,546	(32,730)
owners of the parent
Comprehensive income(loss)
attributable to owners of the	(6,705)	(118,072)	30,304	6,949	21,897
parent
Equity attributable to owners	1,042,106	909,565	932,577	920,371	920,246
of the parent
Total assets	2,759,287	2,641,030	2,725,132	2,867,645	1,887,868
Equity per share attributable to	1,437.62	1,254.79	1,286.56	1,270.47	1,281.29
owners of the parent (yen)
Earnings(loss) per share
attributable to owners of the	4.81	(186.75)	68.32	54.58	(45.20)
parent, basic (yen)
Earnings(loss) per ADR share
attributable to owners of the	4.81	(186.75)	68.32	54.58	(45.20)
parent, basic (yen)
Earnings(loss) per share
attributable to owners of the	-	-	-	54.58	(45.20)
parent, diluted (yen)
Earnings(loss) per ADR share
attributable to owners of the	-	-	-	54.58	(45.20)
parent company, diluted (yen)
Equity attributable to owners of	37.77	34.44	34.22	32.10	48.75
the parent ratio (%)
Profit(loss) to equity
attributable to owners of the	0.33	(13.87)	5.38	4.27	(3.56)
parent ratio (%)
Price earnings ratio (times)	190.44	-	16.93	14.55	-
Net cash provided by operating	88,299	110,288	81,947	116,701	126,962
activities
Net cash used in investing	(106,715)	(81,077)	(45,931)	(164,591)	(63,559)
activities
Net cash provided by (used in)	(19,921)	6,407	42,424	75,757	(4,085)
financing activities
Cash and cash equivalents at	126,429	160,568	240,099	263,688	330,344
end of year
Number of employees	105,613	97,878	92,663	90,141	81,184

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(Note) 1. Ricoh's consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRSs").

1. Sales do not include consumption tax.
2. There were no diluted shares for the year 2017 and 2019.
3. There were net losses and no diluted shares for the year 2018.
4. There were losses per share attributable to owners of the parent, for the year 2018 and 2021.

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