Ricoh Leasing Co. Ltd. Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2011
January 27, 2012
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Ricoh Leasing Co. Ltd. reported consolidated earnings results for the third quarter ended December 31, 2011. For the period, the company reported net income of JPY 7,501 million or JPY 240.31 earnings per share on revenue of JPY 172,605 million compared to net income of JPY 7,021 million or JPY 224.92 earnings per share on revenue of JPY 229,736 million for the corresponding period of last year. Operating income was JPY 13,227 million against JPY 12,248 million of previous year period. Return on equity was 9.5% against 7.1% for the comparable period of last year. Return on asset was 1.59% against 1.13% for the same period last year.
Ricoh Leasing Co Ltd is a Japan-based company mainly engaged in the provision of leasing services and related business. The Company operates through three business segments. The Leasing and Finance segment is engaged in the provision of finance leases, operating leases, installment sales and credit for office and information-related equipment, medical equipment, industrial machine tools, measuring instruments, as well as corporate loans, industry-specific loans, housing loans, condominium loans. In addition, the Company provides corporate loans, industry-specific loans, housing loans, condominium loans, and other loans. The Services segment is engaged in the provision of invoicing and accounts receivable collection services, medical and nursing care reimbursement factoring services, factoring services for the Ricoh Group, and relocation management services. The Investment business includes solar power generation, housing leasing, and real estate related businesses.