Corrected Ricoh Financials

Today, May 2, 2017, Ricoh announced a favorable adjustment to their financials previously reported on April 11, 2017 for the fiscal year ending March 31, 2017. The good news for Ricoh is that revenue increased by about 29 billion yen which resulted in increases in both operating income and net income.  Q4 2016 revenue was about at the same level as Q4 2015, which, in today’s imaging industry climate, is respectable. However, as we have reported earlier, overall operating margin is of concern although Ricoh has implemented major cost reduction programs which hopefully will improve margins in the future so stay tuned to Photizo News.

 

 

 

 

 

 

 Net Sales
(Millions of yen)
Operating Income
(Millions of yen)
Income Before Income Taxes
(Millions of yen)
Net Income Attributable to Ricoh Company, Ltd.
(Millions of yen)
Net Income Attributable to Ricoh Company, Ltd. Shareholders Per Share
(Yen)
Forecast announced on April 11, 2017 (A)

2,000,000

30,000

28,000

2,000

2.76

Current Forecast (B)

2,028,899

33,880

29,955

3,489

4.81

Increase/Decrease (B-A)

28,899

3,880

1,955

1,489

-

Increase/Decrease (%)

1.4

12.9

7.0

74.5

-

(Reference) Results for the full year ended March 31, 2016

2,209,018

102,295

95,684

62,975

86.87

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