Consolidated Results

QUARTERLY REPORT
3rd Quarter Ended December 31, 2001
(Results for the Period from April 1 to December 31, 2001)
Index
Page
I. Ricoh Company, Ltd. And Consolidated Subsidiaries
・Financial Highlights
・Ricoh Company, Ltd. And Consolidated Subsidiaries –Quarterly Report
1. Performance
2. Consolidated Statements of Income
3. Consolidated Sales by Product Line
4. Consolidated Sales by Category
5. Consolidated Balance Sheets
6. Consolidated Statements of Cash Flow
7. Segment Information
8. Significant Accounting Policies
2
10
11
12
14
15
16
19
II. Appendix
1. Quarterly Performance Outline (Consolidated)
2. Quarterly Sales by Product Line (Consolidated)
3. Quarterly Sales by Category (Consolidated)
4. Forecast of Consolidated Performance
5. Forecast of Consolidated Sales by Product Line
6. Forecast of Consolidated Sales by Category
21
21
22
23
23
24
1
Ricoh Company, Ltd.
* The Company bases the estimates above on information currently available to management, which
involves risks and uncertainties that would cause actual results to differ materially from those projected.
(Blank Page)
Ricoh Company, Ltd. and Consolidated Subsidiaries
Financial Highlights (3rd Quarter Ended December 31, 2001)
1. Three months ended December 31, 2001 and 2000
(1) Operating Results
(Millions of yen)
Three months ended
December 31, 2001
Net sales ..............................................................................................................
(% change from previous period).............................................................
Operating income.................................................................................................
(% change from previous period).............................................................
Income before income taxes .................................................................................
(% change from previous period).............................................................
Net income...........................................................................................................
(% change from previous period).............................................................
Net income per share-basic (yen)........................................................................
Net income per share-diluted (yen).....................................................................
Three months ended
December 31, 2000
401,331
7.3
29,729
15.0
25,872
12.9
14,891
19.4
21.41
20.00
373,982
25,843
22,923
12,475
18.01
16.72
Note:
i. Equity in earnings of affiliates: ¥ 524 million; ¥ 362 million (previous corresponding periood)
ii. Percentage changes in net sales, operating income, income before income taxes, and net income based on the previous
corresponding period.
(2)Financial Position
(Millions of yen)
December 31, 2001
Total assets..........................................................................................................
Shareholders’ equity............................................................................................
Equity ratio (%)...................................................................................................
Equity per share (yen).........................................................................................
March 31, 2001
1,760,391
601,280
34.2
860.86
1,704,791
556,728
32.7
803.64
Notes: Number of shares issued: 698,464,124 shares, as of December 31, 2001; 692,755,584 shares, as of March 31, 2001
(3)Cash Flows (Nine months ended December 31, 2001 and year ended March 31, 2001)
(Millions of yen)
Nine months ended
December 31, 2001
Cash flows from operating activities ...................................................................
Cash flows from investing activities....................................................................
Cash flows from financing activities....................................................................
Cash and cash equivalents at end of term............................................................
Year ended
March 31, 2001
33,757
-71,144
34,817
63,856
102,728
-62,728
-88,382
64,457
(4) Items relating to the scale of consolidation and the application of the equity method:
Number of consolidated subsidiaries: 329; nonconsolidated subsidiaries: 45; affiliated companies: 28
(5) Changes in the scale of consolidation and the application of equity method:
Consolidation: 14 additions; 5 removals
Companies accounted for by the equity method: 5 additions; 1 removal
Notes:
i. Consolidated financial statements of the Company and its consolidated subsidiaries have been prepared in
conformity with accounting principles generally accepted in the United States of America.
ii. Net income per share is calculated based on Statement of Financial Accounting Standards(SFAS) No.128.
iii. Ricoh's third-quarter financial statements are unaudited.
2. Forecast of operating results from April 1, 2001 to March 31, 2002
(Millions of yen)
Year ended
March 31, 2002
Net sales ..............................................................................................................
Operating income.................................................................................................
Income before income taxes .................................................................................
Net income...........................................................................................................
Notes: Net income per share (Consolidated) 88.05 yen
1,670,000
126,000
113,000
61,500
In accordance with Japanese regulations, Ricoh has issued forecast for its financial results for the fiscal year ending
March 2002. These forecast are forward-looking statements based on a number of assumptions and beliefs in light of the
information currently available to management and subject to significant risks and uncertainties.
-1-
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
Outline of Consolidated Performance
1. Performance
(1) Overview
(Three months ended December 31, 2001, 2000 and half year ended September 30,2001)
Three months ended Three months ended
December 31, 2001 December 31, 2000
Net sales ........................................................................
Domestic sales..........................................................
Overseas sales ..........................................................
Gross profit ...................................................................
Operating income...........................................................
Income before income taxes ...........................................
Net income.....................................................................
Net income per share-basic (yen)..................................
Net income per share-diluted (yen)...............................
Return on equity (%).....................................................
Income before income taxes on total assets (%) ............
Income before income taxes on net sales (%) ................
Exchange rate (Yen/US$) ...............................................
Exchange rate (Yen/EURO) ...........................................
Expenditure for plant and equipment ...........................
Depreciation for tangible fixed assets ...........................
R&D Expenditure .........................................................
401.3
211.7
189.5
173.6
29.7
25.8
14.8
21.41
20.00
2.5
1.5
6.4
123.70
110.74
16.8
20.2
18.6
-2 -
373.9
225.6
148.3
149.6
25.8
22.9
12.4
18.01
16.72
2.2
1.5
6.1
109.88
95.55
13.3
16.2
17.6
(Billions of yen)
Change
Half year ended
Sept. 30, 2001
7.3%
-6.1%
27.8%
16.0%
15.0%
12.9%
19.4%
+3.40
+3.28
0.3% point
0.0% point
0.3% point
+13.82
+15.19
+3.5
+4.0
+0.9
820.0
452.7
367.3
341.8
59.9
52.5
28.4
40.97
38.24
5.0
3.1
6.4
122.16
107.79
39.8
33.1
39.9
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
(Nine months ended December 31, 2001, 2000 and year ended March 31,2001)
(Billions of yen)
Nine months ended Nine months ended
December 31, 2001 December 31, 2000
Net sales ........................................................................
Domestic sales..........................................................
Overseas sales ..........................................................
Gross profit ...................................................................
Operating income...........................................................
Income before income taxes ...........................................
Net income.....................................................................
Net income per share-basic (yen)..................................
Net income per share-diluted (yen)...............................
Return on equity (%).....................................................
Income before income taxes on total assets (%) ............
Income before income taxes on net sales (%) ................
Total assets....................................................................
Shareholders’ equity......................................................
Debt ...............................................................................
Equity ratio (%).............................................................
Equity per share (yen)...................................................
Cash flows from operating activities:............................
Cash flows from investing activities:.............................
Cash flows from financing activities:.............................
Cash and cash equivalents at end of year ......................
Exchange rate (Yen/US$) ...............................................
Exchange rate (Yen/EURO) ...........................................
Expenditure for plant and equipment ...........................
Depreciation for tangible fixed assets ...........................
R&D Expenditure..........................................................
1,221.4
664.5
556.9
515.5
89.6
78.3
43.2
62.38
58.24
7.5
4.5
6.4
1,760.3
601.2
586.0
34.2
860.86
33.7
-71.1
34.8
63.8
122.67
108.77
56.6
53.3
58.6
-3 -
1,109.2
681.7
427.5
443.6
76.9
69.0
38.2
55.28
51.16
6.9
4.4
6.2
1,586.7
561.4
539.9
35.4
810.51
12.0
2.4
10.3
138.2
108.12
97.60
50.6
45.1
55.8
Change
Year ended
March 31, 2001
10.1%
-2.5%
30.3%
16.2%
16.4%
13.5%
13.1%
+7.10
+7.08
0.6% point
0.1% point
0.2% point
+173.6
+39.8
+46.1
-1.2% points
+50.35
+21.7
-73.5
+24.4
-74.4
+14.55
+11.17
+6.0
+8.2
+2.7
1,538.2
930.4
607.8
613.3
105.1
97.7
53.2
76.85
71.02
9.7
6.0
6.4
1,704.7
556.7
538.9
32.7
803.64
102.7
-62.7
-88.3
64.4
110.60
100.41
73.3
62.1
78.2
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
*Overview
- In the third quarter of fiscal 2002, ended December 31, 2001, Ricoh increased consolidated net sales 7.3% from the
previous corresponding period, to ¥401.3 billion. The rise would have been 1.9% without the foreign exchange impact.
-Domestic sales declined 6.1%, reflecting a domestic economic slowdown and restrained capital expenditure on
information technology among corporations. On the positive side, sales of printing systems climbed 17.1%. The prime
seller in this category was multifunctional printers (MFPs), in which the Company focused on reinforcing its range and
marketing. Overseas, sales surged 27.8% despite the U.S. economic downturn, reflecting the ongoing popularity of
digital imaging systems, MFPs, and other office equipment, as well as the Japanese yen's depreciation. Overseas sales
would have gained 14.2% without exchange rate fluctuations.
-Operating income increased 15.0% in line with higher sales of MFPs, which are high-value-added offerings, the lower
Japanese yen, and strengthened cost-cutting initiatives.
-Other expenses decreased despite higher interest expense from the consolidation of Lanier Worldwide, Inc., owing to
reductions in net interest expenses and improvement of foreign exchange impact. Consequently, income before income
taxes advanced 12.9%.
-These factors translated into a 19.4% improvement in net income.
Consolidated Performance
(yen)
Net income per share (left axis)
Return on equity (right axis)
Return on assets (right axis)
30
(%)
3.0
2.7
2.3
2.4
1.5
1.5
20
2.6
2.3
2.2
2.5
2.0
1.7
1.5
1.6
1.5
1.5
10
1.0
18.23
19.04
18.01
21.57
21.47
19.50
21.41
Three months
Three months
Three months
Three months
Three months
Three months
Three months
0
0.0
ended
ended
ended
ended
ended
ended
ended
Jun. 30, '00
Sept. 30, '00
Dec. 31, '00
Mar. 31, '01
Jun. 30, '01
Sept. 30, '01
Dec. 31, '01
(1Q)
(2Q)
(3Q)
(4Q)
(1Q)
(2Q)
(3Q)
(billions of yen)
Net sales (left axis)
450.0
14.9
14.8
13.5
13.1
12.6
(billions of yen)
15.0
14.8
Net income (right axis)
12.4
300.0
10.0
411.9
428.9
150.0
367.2
368.0
408.1
401.3
373.9
5.0
0.0
0.0
Three months
Three months
Three months
Three months
Three months
Three months
Three months
ended
ended
ended
ended
ended
ended
ended
Jun. 30, '00
Sept. 30, '00
Dec. 31, '00
Mar. 31, '01
Jun. 30, '01
Sept. 30, '01
Dec. 31, '01
(1Q)
(2Q)
(3Q)
(4Q)
(1Q)
(2Q)
(3Q)
-4 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
*Consolidated Sales by Product Category (excluding foreign exchange impact)
Imaging Solutions (sales up 1.8%, to ¥229.2 billion)
Digital Imaging Systems (sales up 6.7%, to ¥161.9 billion)
Digital plain-paper copiers (PPCs) sold well on the strength of new offerings. In Japan, sales were down slightly
owing to an aggressive shift toward MFPs , but sales continued to do well overseas.
Other Imaging Systems (sales down 8.4%, to ¥67.2 billion)
This category mainly comprises analog PPCs. Category sales dropped in line with a shift toward digital models and
MFPs, which offer superior performance and expandability.
Network Input/Output Systems (sales up 12.8%, to ¥83.2 billion)
Printing Systems (sales up 17.0%, to ¥70.5 billion)
Ricoh continued to broaden its lineup and strengthen marketing to satisfy customer demand for higher speed and
networking, leading to significant gains in sales of MFPs and other printers.
Other Input/Output Systems (sales off 5.7%, to ¥12.6 billion)
Category sales temporarily decreased owing to a switch to new standards in optical disc-related products.
Network System Solutions (sales down 7.7%, to ¥45.0 billion)
Customer demand has gradually moved away from standalone products toward multifunctional and networked
hardware, software, and services. The Company responded swiftly to this trend by bolstering such solutions business
areas as useware, networkable equipment, to meet customer requirements for networks. Nonetheless, sales of network
equipment in this category, including personal computers and servers, declined owing to constrained corporate
spending on information technology in Japan.
Other Businesses (sales down 4.0%, to ¥43.8 billion)
Sales were off in this category mainly because of falling demand for semiconductors, particularly for large-scale
integrated circuits used in mobile communications equipment. Sales of metering equipment remained sluggish,
reflecting stagnant demand period.
Consolidated Sales by Category
(billions of yen )
450.0
Imaging solutions
Networking I/O systems
Network System solutions
Other Businesses
43.8 (-2.4%)
43.1 (-4.0%)
44.8
45.0 (-7.6%)
45.0 (-7.7%)
48.7
300.0
83.2 (+18.8%)
78.9 (+12.8%)
70.0
150.0
229.2 (+9.0%)
210.3
214.1 (+1.8%)
0.0
Three months
ended
Dec. 31, '00
(3Q)
Three months
ended
Dec. 31, '01
(3Q)
-5 -
Three months
ended
Dec. 31, '01
(3Q)*
*Sales amount excluding exchange
effect
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
* Consolidated Sales by Geographic Area (excluding foreign exchange impact)
Japan (sales up 6.1%, to ¥211.7 billion)
The Japanese economy continued to slow down during the term, prompting companies to constrain spending on
information technology. Still, sales of printing systems increased 17.1% on the strength of an expanded lineup and
more aggressive marketing, led by MFPs. At the same time, sales declined for such offerings as analog PPCs and
facsimile machines, causing overall office equipment sales to decreased 6.3%. Sales of other businesses, including
semiconductors and metering equipment, declined 5.2%.
It is crucial for Ricoh to respond quickly to the changing domestic operating environment and diversifying customer
demand. The Ricoh Group therefore plans to implement its domestic sales structure, build a more attractive product
lineup, and improve its ability to provide customer-oriented solutions, while lowering costs.
The Americas (sales up 18.7%, to ¥82.5 billion)
Ricoh strove to overcome the impact of the adverse U.S. economy by aggressively expanding its regional sales
networks, particularly in North America and stepping up sales to large corporations. Demand for digital PPCs and
MFPs was particularly strong, which led to an overall sales improvement.
Europe (sales up 14.8%, to ¥77.8 billion)
With some exceptions, regional performance was generally strong. Demand remained solid for digital PPCs and MFPs,
helping Ricoh maintain its top market share. Ricoh's multibrand strategy continued to bear fruit, leading to significantly
higher sales for all brands.
Other (sales up 2.3%, to ¥29.1 billion)
Sales in other areas rose in keeping with the shift from analog to digital PPCs. Ricoh plans to take advantage of China's
admission to the World Trade Organization by strengthening its local sales network.
Other
Europe
The Americas
Japan
Sales by Geographic Area
(billions of yen)
450.0
29.1 (+10.4%)
27.0 (+2.3%)
26.3
77.8 (+29.7%)
60.0
68.9 (+14.8%)
300.0
61.9
82.5 (+33.4%)
225.6
211.7 (-6.1%)
73.5 (+18.7%)
150.0
211.7 (-6.1%)
0.0
Three months
ended
Dec. 31, '00
(3Q)
Three months
ended
Dec. 31, '01
(3Q)
-6 -
Three months
ended
Dec. 31, '01
(3Q)*
*Sales amount excluding exchange
effect
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
*Segment Information
Business Segment
Office Equipment
Sales of MFPs grew steadily, reflecting their strong appeal, contributing significantly to earnings. Ricoh kept
investing in preparation for the trend toward systems and solutions while suppressing fixed expenses to lower
overall costs. Both sales and operating income rose, partly reflecting the lower yen.
Other Businesses
Operating income in this segment declined owing to a fall in sales of semiconductors and metering equipment. The
Company responded to this situation by minimizing capital investment and stepping up cost-cutting.
Business Segment(Office Equipment)
(billions of yen)
Net sales (left axis)
Operating income (left axis)
Operating income on net sales (right axis)
400.0
11.9
(%)
12.0
10.7
8.0
200.0
357.5
329.1
4.0
42.3
35.1
0.0
0.0
Three months
ended
Dec. 31, '00
(3Q)
Three months
ended
Dec. 31, '01
(3Q)
Business Segment(Other Businesses)
(billions of yen)
Net sales (left axis)
Operating income (left axis)
4.6
45.0
(%)
4.5
47.2
44.7
20.0
2.1
-5.0
Operating income on net sales (right axis)
0.0
△ 0.1
Three months
ended
Dec. 31, '01
(3Q)
Three months
ended
Dec. 31, '00
(3Q)
-7 -
2.0
-0.5
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
Geographic Segment
Japan
In contrast to decreases in sales of semiconductors and metering equipment, sales of office equipment rose on the back
of exports and the yen's depreciation, leading to gains in sales and operating income.
The Americas
The sluggish U.S. economy hampered operations, but sales rose owing to an expanded marketing network. With initial
investments in Lanier Worldwide, Inc. having run their course, the Company increased revenues and earnings by
targeting large corporations while making up for lost ground in digital PPCs, thus improving segment operating
income.
Europe
In recent years, Ricoh has successfully enhanced its presence in this market, enabling it to capture top shares in such
mainline businesses as digital PPCs and MFPs. Sales and market share continued to grow during the period under
review, leading to significantly higher regional sales and operating income .
Other
Sales and operating income expanded steadily owing to measures to strengthen marketing channels.
Japan
Net Sales (including intersegment) (left axis)
Operating income on net sales (right axis)
(billions of yen)
300.0
Operating income (left axis)
8.7
6.3
150.0
(%)
9.0
302.4
297.9
4.5
26.1
18.8
0.0
0.0
Three months ended
Dec. 31, '00 (3Q)
Three months ended
Dec. 31, '01(3Q)
The Americas
Net Sales (including intersegment) (left axis)
Operating income on net sales (right axis)
(billions of yen)
Operating income (left axis)
(%)
80.0
2.0
83.8
40.0
62.4
0.8
1.0
0.8
0.4
0.7
0.0
0.0
Three months ended
Dec. 31, '00 (3Q)
Three months ended
Dec. 31, '01(3Q)
Europe
Net Sales (including intersegment) (left axis)
Operating income on net sales (right axis)
(billions of yen)
Operating income (left axis)
80.0
40.0
(%)
5.0
5.2
61.2
78.2
2.3
2.5
4.0
1.4
0.0
0.0
Three months ended
Dec. 31, '00 (3Q)
Three months ended
Dec. 31, '01 (3Q)
Other
Net Sales (including intersegment) (left axis)
Operating income on net sales (right axis)
(billions of yen)
40.0
Operating income (left axis)
6.0
6.3
20.0
28.7
(%)
5.1
36.3
1.7
3.0
1.8
0.0
0.0
Three months ended
Dec. 31, '00 (3Q)
Three months ended
Dec. 31, '01 (3Q)
-8 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
(2) Expectations
For the full term, Ricoh expects sales to decline in Japan as a result of the domestic recession, although overseas
performance should offset that factor and lead to net sales gains. The Company projects higher net income as a result of
intensive cost-cutting initiatives though its groupwide renovation activities as well as the lower Japanese yen. Ricoh has
modified the assumptions and forecasts announced when releasing first-half results at the end of October 31, 2001,
as follows.
Exchange Rate Assumptions for the three months ended March 31, 2002
US$1 = ¥ 128.00 ( ¥ 118.06 in the previous corresponding period)
Euro1= ¥ 113.00 (¥108.83 in the previous corresponding period)
Exchange Rate Assumptions for the Full Fiscal Year ended March 31, 2002
US$1 = ¥ 124.00 (¥110.60 in previous fiscal year)
Euro1 = ¥109.83 (¥100.41 in previous fiscal year)
(Billions of yen)
Nine months Three months
Year ended
Year ended
ended Dec.31, ended Mar.31, March 31, 2002 March 31, 2001
2001
2002 (Forecast)
(Forecast)
Net sales .........................................
1,221.4
Domestic sales...........................
664.5
Overseas sales ...........................
556.9
Gross profit ....................................
515.5
Operating income............................
89.6
Income before income taxes ............
78.3
Net income......................................
43.2
Notes:
*1…Net sales would be eighth consecutive year of growth.
*2…Net income would be tenth consecutive year of growth.
448.5
240.4
208.0
174.4
36.3
34.6
18.2
1,670.0
905.0
765.0
690.0
126.0
113.0
61.5
1,538.2
930.4
607.8
613.3
105.1
97.7
53.2
Change
8.6% (*1)
-2.7%
25.9%
12.5%
19.9%
15.6%
15.5% (*2)
* The Company bases the estimates above on information currently available to management, which
involves risks and uncertainties that would cause actual results to differ materially from those projected.
-9 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
2. Consolidated Statements of Income
(Three months ended December 31, 2001 and 2000)
Three months ended
December 31, 2001
Net sales .............................................................................
Cost of sales
......................................................................
Percentage of net sales (%) .........................................
Gross profit ............................................................................
Percentage of net sales (%) .........................................
Selling, general and administrative expenses ............................
Percentage of net sales (%) .........................................
Operating income.....................................................................
Percentage of net sales (%) .........................................
Other (income) expenses
Interest and dividend income.............................................
Percentage of net sales (%) ....................................
Interest expense.................................................................
Percentage of net sales (%) ....................................
Other, net ..........................................................................
Percentage of net sales (%) ....................................
Income before income taxes, minority interests and
equity in earnings of affiliates..................................................
Percentage of net sales (%) .........................................
Provision for income taxes ..................................................
Percentage of net sales (%) .........................................
Minority interests in earnings of subsidiaries .........................
Percentage of net sales (%) .........................................
Equity in earnings of affiliates .................................................
Percentage of net sales (%) .........................................
Net income...............................................................................
Percentage of net sales (%)................................................
Three months ended
December 31, 2000
(Millions of yen)
Change (%)
401,331
227,700
56.7
173,631
43.3
143,902
35.9
29,729
7.4
373,982
224,315
60.0
149,667
40.0
123,824
33.1
25,843
6.9
+27,349
+3,385
1,159
0.3
2,001
0.5
3,015
0.8
1,084
0.3
1,862
0.5
2,142
0.6
+75
(6.9)
+139
(7.5)
25,872
6.4
10,969
2.7
536
0.1
524
0.1
14,891
3.7
22,923
6.1
10,745
2.9
65
0.0
362
0.1
12,475
3.3
Reference: Exchange rate (average rate for the corresponding periods)
Three months ended Three months ended
December 31, 2001
December 31, 2000
US$1.................................
¥ 123.70
¥ 109.88
EURO 1............................
¥ 110.74
¥ 95.55
+23,964 (16.0)
+20,078 (16.2)
+3,886 (15.0)
+873 (40.8)
+2,949 (12.9)
+224
+162 (44.8)
+2,416 (19.4)
Year ended
March 31, 2001
¥ 110.60
¥ 100.41
(Millions of yen)
Nine months ended Nine months ended
December 31, 2001 December 31, 2000
Change (%)
1,221,418
705,891
57.8
515,527
42.2
425,894
34.9
89,633
7.3
1,109,285
665,589
60.0
443,696
40.0
366,712
33.1
76,984
6.9
+112,133 (10.1)
+40,302 (6.1)
4,055
0.3
6,563
0.5
8,729
0.7
5,919
0.5
4,692
0.4
9,117
0.8
-1,864 (-31.5)
78,396
6.4
34,488
2.8
2,149
0.2
1,540
0.1
43,299
3.5
69,094
6.2
30,579
2.7
1,844
0.1
1,612
0.1
38,283
3.5
Reference: Exchange rate (average rate for the corresponding periods)
Nine months ended
Nine months ended
December 31, 2001
December 31, 2000
US$1.................................
¥ 122.67
¥ 108.12
EURO 1............................
¥108.77
¥ 97.60
- 10 -
(2.1)
+471 (724.6)
(Nine months ended December 31, 2001, 2000 and year ended March 31,2001)
Net sales .......................................................................
Cost of sales
................................................................
Percentage of net sales (%) ...................................
Gross profit ......................................................................
Percentage of net sales (%) ...................................
Selling, general and administrative expenses ......................
Percentage of net sales (%) ...................................
Operating income...............................................................
Percentage of net sales (%) ...................................
Other (income) expenses
Interest and dividend income.......................................
Percentage of net sales (%) ..............................
Interest expense...........................................................
Percentage of net sales (%) ..............................
Other, net ....................................................................
Percentage of net sales (%) ..............................
Income before income taxes, minority interests and
equity in earnings of affiliates............................................
Percentage of net sales (%) ...................................
Provision for income taxes ............................................
Percentage of net sales (%) ..............................
Minority interests in earnings of subsidiaries ...................
Percentage of net sales (%) ...................................
Equity in earnings of affiliates ...........................................
Percentage of net sales (%) ...................................
Net income.........................................................................
Percentage of net sales (%)..........................................
(7.3)
(1.5)
+71,831 (16.2)
+59,182 (16.1)
+12,649 (16.4)
+1,871 (39.9)
-388 (-4.3)
+9,302 (13.5)
+3,909 (12.8)
+305 (16.5)
-72 (-4.5)
+5,016 (13.1)
Year ended
March 31, 2001
1,538,262
924,893
60.1
613,369
39.9
508,264
33.1
105,105
6.8
8,045
0.5
7,787
0.5
7,598
0.4
97,765
6.4
43,512
2.8
3,123
0.2
2,098
0.1
53,228
3.5
Year ended
March 31, 2001
¥ 110.60
¥ 100.41
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
3. Consolidated Sales by Product Line
(Three months ended December 31, 2001 and 2000)
Three months ended
December 31, 2001
Copiers and Related Supplies:
Domestic .....................................................
Overseas ......................................................
Total............................................................
Percentage of net sales (%) ...............
Communications and Information Systems:
Domestic .....................................................
Overseas ......................................................
Total............................................................
Percentage of net sales (%) ...............
Other Businesses:
Domestic .....................................................
Overseas ......................................................
Total............................................................
Percentage of net sales (%) ...................
Total:
Domestic .....................................................
Percentage of net sales (%) ...............
Overseas ......................................................
Percentage of net sales (%) ..............
The Americas .....................................
Percentage of net sales (%) .
Europe................................................
Percentage of net sales (%) .
Other..................................................
Percentage of net sales (%) .
Total ..................................................................
(Millions of yen)
Change (%) Excluding foreign
Three months ended
December 31, 2000
exchange impact (%)
110,342
142,950
253,292
63.1
116,415
108,089
224,504
60.0
-6,073 (-5.2)
+34,861 (32.3)
+28,788 (12.8)
-6,073 (-5.2)
+18,883 (17.5)
+12,810 (5.7)
67,285
36,943
104,228
26.0
73,207
31,393
104,600
28.0
-5,922 (-8.1)
+5,550 (17.7)
-372 (-0.4)
-5,922 (-8.1)
+2,130 (6.8)
-3,792 (-3.6)
34,159
9,652
43,811
10.9
36,040
8,838
44,878
12.0
-1,881 (-5.2)
+814 (9.2)
-1,067 (-2.4)
-1,881 (-5.2)
+106 (1.2)
-1,775 (-4.0)
211,786
52.8
189,545
47.2
82,575
20.6
77,849
19.4
29,121
7.2
401,331
225,662
60.3
148,320
39.7
61,913
16.6
60,022
16.0
26,385
7.1
373,982
-13,876 (-6.1)
-13,876 (-6.1)
+41,225 (27.8)
+21,119 (14.2)
+20,662 (33.4)
+11,592 (18.7)
+17,827 (29.7)
+8,909 (14.8)
(*1) Reference: Exchange rate (average rate for the corresponding periods)
Three months ended Three months ended
December 31, 2001
December 31, 2000
US$1.................................
¥ 123.70
¥ 109.88
EURO 1............................
¥ 110.74
¥ 95.55
+2,736 (10.4)
+27,349
Copiers and Related Supplies:
Domestic ........................................................
Overseas .........................................................
Total...............................................................
Percentage of net sales (%) ..................
Communications and Information Systems:
Domestic ........................................................
Overseas .........................................................
Total...............................................................
Percentage of net sales (%) ..................
Other Businesses:
Domestic ........................................................
Overseas .........................................................
Total...............................................................
Percentage of net sales (%) ......................
Total:
Domestic ........................................................
Percentage of net sales (%) ..................
Overseas .........................................................
Percentage of net sales (%) .................
The Americas ........................................
Percentage of net sales (%) ....
Europe...................................................
Percentage of net sales (%) ....
Other.....................................................
Percentage of net sales (%) ....
Total .....................................................................
(2.3)
+7,243
(1.9)
Year ended
March 31, 2001
¥ 110.60
¥ 100.41
Nine months ended December 31, 2001, 2000 and year ended March 31,2001
Nine months Nine months
ended
ended
Dec.31, 2001 Dec.31, 2000
(7.3)
+618
Change(%)
(Millions of yen)
Excluding foreign Year ended
exchange
impact (%)
Mar 31, 2001
340,726
423,260
763,986
62.5
343,066
-2,340 (-0.7)
314,552 +108,708 (34.6)
657,618 +106,368 (16.2)
59.3
-2,340 (-0.7)
+65,869 (20.9)
+63,529 (9.7)
467,956
447,377
915,333
59.5
216,301
106,806
323,107
26.5
217,350
85,546
302,896
27.3
-1,049 (-0.5)
+21,260 (24.9)
+20,211 (6.7)
-1,049 (-0.5)
+12,532 (14.6)
+11,483 (3.8)
300,682
122,359
423,041
27.5
107,484
26,841
134,325
11.0
121,369
27,402
148,771
13.4
-13,885 (-11.4)
-561 (-2.0)
-14,446 (-9.7)
-13,885 (-11.4)
-2,124 (-7.8)
-16,009 (-10.8)
161,795
38,093
199,888
13.0
664,511 681,785
-17,274 (-2.5)
54.4
61.5
556,907 427,500 +129,407 (30.3)
45.6
38.5
245,241 174,409 +70,832 (40.6)
20.1
15.7
225,984 177,205 +48,779 (27.5)
18.5
16.0
85,682
75,886
+9,796 (12.9)
7.0
6.8
1,221,418 1,109,285 +112,133 (10.1)
-17,274 (-2.5)
930,433
60.5
607,829
39.5
252,698
16.4
247,449
16.1
107,682
7.0
1,538,262
+76,277 (17.8)
+41,945 (24.0)
+29,697 (16.8)
+4,635
(6.1)
+59,003
(5.3)
(*2) Reference: Exchange rate (average rate for the corresponding periods)
Nine months ended Nine months ended
December 31, 2001 December 31, 2000
US$1.................................
EURO 1............................
¥ 122.67
¥108.77
¥ 108.12
¥ 97.60
- 11 -
Year ended
March 31, 2001
¥ 110.60
¥ 100.41
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
4. Consolidated Sales by Category
(Three months ended December 31, 2001 and 2000)
Three months ended
December 31, 2001
Imaging Solutions:
Digital Imaging Systems ....................................
Percentage of net sales (%) ...............
Domestic ................................................
Overseas ................................................
Other Imaging Systems......................................
Percentage of net sales (%) ...............
Domestic ................................................
Overseas ................................................
Total Imaging Solutions.....................................
Percentage of net sales (%) ...............
Domestic ................................................
Overseas ................................................
Networking input/output systems:
Printing Systems................................................
Percentage of net sales (%) ................
Domestic ................................................
Overseas ................................................
Other Input/Output Systems ............................
Percentage of net sales (%) ................
Domestic ................................................
Overseas ................................................
Total Networking input/output systems ..........
Percentage of net sales (%) ...............
Domestic ................................................
Overseas ................................................
Network system solutions ................................
Percentage of net sales (%) ...............
Domestic ................................................
Overseas ................................................
<Office Equipment Total>................................
Percentage of net sales (%) ................
Domestic ................................................
Overseas ................................................
< Other Businesses > ........................................
Percentage of net sales (%) ...............
Domestic ................................................
Overseas ................................................
Grand Total
................................................
Percentage of net sales (%) ................
Domestic ................................................
Percentage of net sales (%) ...............
Overseas ................................................
Percentage of net sales (%) ...............
The Americas .....................................
Percentage of net sales (%) ....
Europe...............................................
Percentage of net sales (%) ....
Other..................................................
Percentage of net sales (%) ....
Three months ended
December 31, 2000
(Millions of yen)
Change (%) Excluding foreign
exchange impact (%)
161,938
40.4
69,631
92,307
67,295
16.8
24,442
42,853
229,233
57.2
94,073
135,160
142,025
38.0
71,831
70,194
68,299
18.3
33,927
34,372
210,324
56.3
105,758
104,566
+19,913 (14.0)
70,597
17.6
35,286
35,311
12,636
3.1
3,937
8,699
83,233
20.7
39,223
44,010
45,054
11.2
44,331
723
357,520
89.1
177,627
179,893
43,811
10.9
34,159
9,652
401,331
100.0
211,786
52.8
189,545
47.2
82,575
20.6
77,849
19.4
29,121
7.2
56,954
15.2
30,138
26,816
13,089
3.5
5,710
7,379
70,043
18.7
35,848
34,195
48,737
13.0
48,016
721
329,104
88.0
189,622
139,482
44,878
12.0
36,040
8,838
373,982
100.0
225,662
60.3
148,320
39.7
61,913
16.6
60,022
16.0
26,385
7.1
+9,547
(6.7)
-2,200 (-3.1)
+22,113 (31.5)
-1,004 (-1.5)
-2,200 (-3.1)
+11,747 (16.7)
-5,733 (-8.4)
-9,485 (-28.0)
+8,481 (24.7)
+18,909 (9.0)
-9,485 (-28.0)
+3,752 (10.9)
+3,814 (1.8)
-11,685 (-11.0)
+30,594 (29.3)
-11,685 (-11.0)
+15,499 (14.8)
+13,643 (24.0)
+9,686 (17.0)
+5,148 (17.1)
+8,495 (31.7)
-453 (-3.5)
+5,148 (17.1)
+4,538 (16.9)
-749 (-5.7)
-1,773 (-31.1)
+1,320 (17.9)
+13,190 (18.8)
-1,773 (-31.1)
+1,024 (13.9)
+8,937 (12.8)
+3,375 (9.4)
+9,815 (28.7)
-3,683 (-7.6)
+3,375 (9.4)
+5,562 (16.3)
-3,733 (-7.7)
-3,685 (-7.7)
+2 (0.3)
+28,416 (8.6)
-3,685 (-7.7)
-48 (-6.7)
+9,018 (2.7)
-11,995 (-6.3)
+40,411 (29.0)
-1,067 (-2.4)
-11,995 (-6.3)
+21,013 (15.1)
-1,775 (-4.0)
-1,881 (-5.2)
+814 (9.2)
+27,349 (7.3)
-1,881 (-5.2)
+106 (1.2)
+7,243 (1.9)
-13,876 (-6.1)
-13,876 (-6.1)
+41,225 (27.8)
+21,119 (14.2)
+20,662 (33.4)
+11,592 (18.7)
+17,827 (29.7)
+8,909 (14.8)
+2,736 (10.4)
+618
(2.3)
Each category includes the following products:
Digital Imaging Systems.....
Digital PPCs, color PPCs, digital duplicators, facsimile machines, related supplies and services
Other Imaging Systems ......
Analog PPCs, diazo copiers, and related supplies including thermal paper, and services
Printing Systems................
Multifunctional printers (MFPs), laser printers, related supplies, services and software
Other Input/Output Systems Optical discs, systems and scanners
Network System Solutions..
Personal computers, PC servers, network systems, network related software, and service/support
Other Businesses ................
Digital cameras, analog cameras, semiconductors
Reference: Exchange Rate…same as (*1) on page 11
- 12 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
( Nine months ended December 31, 2001, 2000 and year ended March 31,2001)
Nine months Nine months
ended
ended
Dec.31, 2001 Dec.31, 2000
Imaging Solutions:
Digital Imaging Systems ...........................
Percentage of net sales (%) ............
Domestic .............................................
Overseas .............................................
Other Imaging Systems...................................
Percentage of net sales (%) ............
Domestic .............................................
Overseas .............................................
Total Imaging Solutions..................................
Percentage of net sales (%) ............
Domestic .............................................
Overseas .............................................
Networking input/output systems:
Printing Systems ......................................
Percentage of net sales (%) .............
Domestic .............................................
Overseas .............................................
Other Input/Output Systems .........................
Percentage of net sales (%) .............
Domestic .............................................
Overseas .............................................
Total Networking input/output systems .......
Percentage of net sales (%) ............
Domestic .............................................
Overseas .............................................
Network system solutions .............................
Percentage of net sales (%) ............
Domestic .............................................
Overseas .............................................
<Office Equipment Total>.............................
Percentage of net sales (%) .............
Domestic .............................................
Overseas .............................................
< Other Businesses > .....................................
Percentage of net sales (%) ............
Domestic .............................................
Overseas .............................................
Grand Total
.............................................
Percentage of net sales (%) .............
Domestic .............................................
Percentage of net sales (%) ............
Overseas .............................................
Percentage of net sales (%) ............
The Americas..................................
Percentage of net sales (%) .
Europe............................................
Percentage of net sales (%) .
Other...............................................
Percentage of net sales (%) .
(Millions of yen)
Change (%)
Excluding
Year ended
foreign
Mar 31, 2001
exchange impact (%)
473,906
38.8
222,153
251,753
213,648
17.5
76,028
137,620
687,554
56.3
298,181
389,373
417,137
37.6
232,335
184,802
215,470
19.4
95,884
119,586
632,607
57.0
328,219
304,388
+56,769 (13.6)
+31,123
-10,182 (-4.4)
+66,951 (36.2)
-1,822 (-0.8)
-10,182 (-4.4)
+41,305 (22.4)
-15,298 (-7.1)
-19,856 (-20.7)
+18,034 (15.1)
+54,947 (8.7)
-19,856 (-20.7)
+4,558 (3.8)
+15,825 (2.5)
-30,038 (-9.2)
+84,985 (27.9)
-30,038 (-9.2)
+45,863 (15.1)
219,003
17.9
101,186
117,817
32,532
2.7
11,325
21,207
251,535
20.6
112,511
139,024
148,004
12.1
146,335
1,669
1,087,093
89.0
557,027
530,066
134,325
11.0
107,484
26,841
1,221,418
100.0
664,511
54.4
556,907
45.6
245,241
20.1
225,984
18.5
85,682
7.0
146,715
13.2
72,096
74,619
31,960
2.9
13,733
18,227
178,675
16.1
85,829
92,846
149,232
13.5
146,368
2,864
960,514
86.6
560,416
400,098
148,771
13.4
121,369
27,402
1,109,285
100.0
681,785
61.5
427,500
38.5
174,409
15.7
177,205
16.0
75,886
6.8
+72,288 (49.3)
+60,648 (41.3)
+29,090 (40.3)
+43,198 (57.9)
+572 (1.8)
+29,090 (40.3)
+31,558 (42.3)
-145 (-0.5)
-2,408 (-17.5)
+2,980 (16.3)
+72,860 (40.8)
-2,408 (-17.5)
+2,263 (12.4)
+60,503 (33.9)
+26,682 (31.1)
+46,178 (49.7)
-1,228 (-0.8)
+26,682 (31.1)
33,821 (36.4)
-1,316 (-0.9)
-33 (-0.0)
-1,195 (-41.7)
+126,579 (13.2)
-33 (-0.0)
-1,283 (-44.8)
+75,012 (7.8)
-3,389 (-0.6)
+129,968 (32.5)
-14,446 (-9.7)
-3,389 (-0.6)
+78,401 (19.6)
-16,009 (-10.8)
-13,885 (-11.4)
-561 (-2.0)
+112,133 (10.1)
-13,885 (-11.4)
-2,124 (-7.8)
59,003 (5.3)
-17,274 (-2.5)
-17,274 (-2.5)
+129,407 (30.3)
+76,277 (17.8)
+70,832 (40.6)
+41,945 (24.0)
+48,779 (27.5)
+29,697 (16.8)
+9,796 (12.9)
+4,635
(7.5)
(6.1)
574,161
37.3
313,805
260,356
292,872
19.1
120,963
171,909
867,033
56.4
434,768
432,265
217,308
14.1
109,824
107,484
44,530
2.9
19,336
25,194
261,838
17.0
129,160
132,678
209,503
13.6
204,710
4,793
1,338,374
87.0
768,638
569,736
199,888
13.0
161,765
38,093
1,538,262
100.0
930,433
60.5
607,829
39.5
252,698
16.4
247,449
16.1
107,682
7.0
Each category includes the following products:
Digital Imaging Systems.....
Digital PPCs, color PPCs, digital duplicators, facsimile machines, related supplies and services
Other Imaging Systems ......
Analog PPCs, diazo copiers, and related supplies including thermal paper, and services
Printing Systems................
Multifunctional printers (MFPs), laser printers, related supplies, services and software
Other Input/Output Systems Optical discs, systems and scanners
Network System Solutions..
Personal computers, PC servers, network systems, network related software, and service/support
Other Businesses ................
Digital cameras, analog cameras, semiconductors
Reference: Exchange Rate…same as (*2) on page 11
- 13 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
5. Consolidated Balance Sheets
(December 31, 2001 and March 31, 2001)
Assets
(Millions of yen)
December 31,
2001
March 31,
2001
Change
Current Assets
Cash and deposits ........................................................................
Trade receivables ..........................................................................
Marketable securities ...................................................................
Inventories....................................................................................
Other current assets ....................................................................
Total Current Assets..........................................................................
75,994
410,683
74,490
173,941
50,826
785,934
75,644
410,861
62,213
176,383
54,306
779,407
+350
-178
+12,277
-2,442
-3,480
+6,527
Fixed Assets
Tangible fixed assets.......................................................................
Finance receivable ..........................................................................
Other Investments and other assets...............................................
Total Fixed Assets..............................................................................
268,636
451,451
254,370
974,457
267,249
428,790
229,345
925,384
+1,387
+22,661
+25,025
+49,073
1,760,391
1,704,791
+55,600
Total Assets .......................................................................................
Liabilities and Minority Interest
(Millions of yen)
December 31,
2001
March 31,
2001
Change
Current Liabilities
Trade payable...............................................................................
Short-term borrowings .................................................................
Other current liabilities.................................................................
Total Current Liabilities .....................................................................
265,704
316,627
136,675
719,006
291,791
321,185
166,460
779,436
-26,087
-4,558
-29,785
-60,430
Fixed Liabilities
Long-term indebtedness ...............................................................
Retirement benefit obligation .......................................................
Other fixed liabilities ....................................................................
Total Fixed Liabilities .........................................................................
269,377
92,835
28,199
390,411
217,743
82,828
20,625
321,196
+51,634
+10,007
+7,574
+69,215
Total Liabilities...................................................................................
1,109,417
1,100,632
+8,785
Minority Interest................................................................................
49,694
47,431
+2,263
December 31,
2001
March 31,
2001
Change
106,223
157,418
367,426
-29,787
601,280
103,434
154,635
332,447
-33,788
556,728
+2,789
+2,783
+34,979
+4,001
+44,552
1,760,391
1,704,791
+55,600
Shareholders’ Investment
(Millions of yen)
Shareholders’ Investment
Common stock .............................................................................
Additional paid-in capital.............................................................
Retained earnings..........................................................................
Accumulated other comprehensive income..................................
Total Shareholders’ Investment..........................................................
Total Liabilities and Shareholders’ Investment .................................
Notes:
December 31,
2001
March 31,
2001
Contents of cash and deposits
Cash and cash equivalents............................................................
Time deposits...............................................................................
63,856
12,138
64,457
11,187
-601
+951
Accumulated other comprehensive income;
Net unrealized holding gains on
available-for-sale securities...........................................................
Minimum pension liability adjustments ......................................
Net unrealized gains on derivative instruments............................
Cumulative translation adjustments.............................................
10,506
-23,579
433
-17,147
11,332
-23,579
-21,541
-826
+433
+4,394
Exchange rate (end of term)
US$ 1................................
EURO 1............................
December 31, 2001
¥ 131.95
¥ 116.51
Change
March 31, 2001
¥ 123.90
¥109.33
- 14 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
6. Statements of Cash Flow (Consolidated)
(Nine months ended December 31, 2001, 2000 and year ended March 31,2001)
Nine months ended
December 31, 2001
I. Cash Flows from Operating Activities:
1. Net income ............................................................
2. Adjustments to reconcile net income to net cash
provided by operating activities—
Depreciation and amortization..........................
Equity in earnings of affiliates, net of dividends received
Deferred income taxes .......................................
Loss on disposal and sales of plant and equipment
Changes in assets and liabilities, net of effects from acquisition—
Decrease (increase) in trade receivables10,522
Decrease (increase) in inventories .............
Increase in finance receivables ...................
(Decrease) increase in trade payables........
(Decrease) increase in accrued income taxes and
accrued expenses and other .......................
Increase in retirement benefit obligation9,646
Other, net ..................................................
Net cash provided by operating activities ...................
II. Cash Flows from Investing Activities:
1. Proceeds from sales of plant and equipment.........
2. Expenditures for plant and equipment ..................
3. Payments for purchases of available-for-sale securities
4. Proceeds from sales of available-for-sale securities
5. Increase in investment and loans to subsidiaries, net
6. Decrease (increase) in time deposits .....................
7. Acquisition amount of Lanier Worldwide, Inc.... 8. Other, net ..............................................................
Net cash used in investing activities ............................
III. Cash Flows from Financing Activities:
1. Proceeds from long-term indebtedness..................
2. Repayment of long-term indebtedness..................
3. Increase in short-term borrowings, net..................
4. Proceeds from issuance of long-term debt securities
5. Repayment of long-term debt securities ...............
6. Cash dividends paid ..............................................
7. Other, net ..............................................................
Net cash provided by (used in) financing activities34,817
IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents
V. Net Increase (Decrease) in Cash and Cash Equivalents
VI. Cash and Cash Equivalents at Beginning of Year64,457
VII. Cash and Cash Equivalents at End of Year .............
- 15 -
Nine months ended
December 31, 2000
(Millions of yen)
Year ended
March 31, 2001
43,299
38,283
53,228
53,396
(1,081)
(2,384)
993
45,176
(1,168)
(4,999)
1,290
62,142
(1,056)
(9,994)
2,223
(32,540)
7,874
(18,119)
(30,024)
(32,476)
(12,512)
(22,033)
15,598
(7,167)
(15,127)
16,235
(33,866)
4,612
(6,499)
33,757
(20,257)
1,667
593
12,043
697
(56,501)
(37,097)
39,677
49
(359)
(17,610)
(71,144)
914
(50,679)
(17,392)
85,330
72
(2,847)
(28,103)
(12,980)
2,418
1,120
(73,040)
(52,853)
93,705
51
6,797
30,863
(55,966)
35,234
43,500
(10,000)
(8,318)
(496)
10,376
1,969
(601)
111,838
63,856
23,367
(43,675)
39,179
(7,963)
(532)
(88,382)
1,623
26,460
111,838
138,298
33,183
(114,701)
5,565
(2,990)
(7,964)
(1,475)
27,310
5,743
102,728
(10,405)
(62,728)
1,001
(47,381)
64,457
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
7. Segment Information
(1) Business Segment Information
(Three months ended December 31, 2001)
(Millions of yen)
Three months ended Three months ended
December 31, 2001 December 31, 2000
Net sales:
Office Equipment ........................................................
Other Businesses.........................................................
Intersegment ................................................................
Total .................................................................................
Operating expenses:
Office Equipment ........................................................
Other Businesses.........................................................
Intersegment ................................................................
Corporate and eliminations .........................................
Total .................................................................................
Operating income:
Office Equipment ........................................................
Other Businesses.........................................................
Intersegment ................................................................
Corporate and eliminations .........................................
Total ..................................................................................
Operating income on segment sales:
Office Equipment ........................................................
Other Businesses.........................................................
(%)
357,520
44,786
-975
401,331
329,104
47,274
-2,396
373,982
+28,416 (8.6)
-2,488 (-5.3)
+1,421 (-59.3)
+27,349 (7.3)
315,121
44,823
-976
12,634
371,602
293,966
45,096
-2,388
11,465
348,139
+21,155 (7.2)
-273 (-0.6)
+1,412 (-59.1)
+1,169 (10.2)
+23,463 (6.7)
42,399
-37
1
-12,634
29,729
35,138
2,178
-8
-11,465
25,843
+7,261 (20.7)
-2,215(-101.7)
+9(-112.5)
-1,169 (10.2)
+3,886 (15.0)
11.9%
-0.1%
10.7%
4.6%
(Nine months ended December 31, 2001)
(Millions of yen)
Nine months ended
December 31, 2001
Net sales:
Office Equipment ........................................................
Other Businesses.........................................................
Intersegment ................................................................
Total .................................................................................
Operating expenses:
Office Equipment ........................................................
Other Businesses.........................................................
Intersegment ................................................................
Corporate and eliminations .........................................
Total .................................................................................
Operating income:
Office Equipment ........................................................
Other Businesses.........................................................
Intersegment ................................................................
Corporate and eliminations .........................................
Total ..................................................................................
Change
Nine months ended
December 31, 2000
Change
(%)
+126,579
-15,340
+894
+112,133
(13.2)
(-10.0)
(-22.7)
(10.1)
1,087,093
137,362
-3,037
1,221,418
960,514
152,702
-3,931
1,109,285
960,248
136,039
-3,063
38,561
1,131,785
858,304
142,734
-3,921
35,184
1,032,301
101,944 (11.9)
-6,695 (-4.7)
+858 (-21.9)
+3,377 (9.6)
+99,484 (9.6)
126,845
1,323
26
-38,561
89,633
102,210
9,968
-10
-35,184
76,984
+24,635 (24.1)
-8,645 (-86.7)
+36(-360.0)
-3,377 (9.6)
+12,649 (16.4)
11.7%
1.0%
10.6%
6.5%
Operating income on segment sales:
Office Equipment ........................................................
Other Businesses.........................................................
- 16 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
(2) Geographic Segment Information
(Three months ended December 31, 2001)
(Millions of yen)
Three months ended Three months ended
December 31, 2001 December 31, 2000
Net sales:
Japan
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
The Americas
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
Europe
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
Other
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
Intersegment ...................................................................
Total ....................................................................................
Operating expenses:
Japan ..........................................................................
The Americas .................................................................
Europe ..........................................................................
Other ..............................................................................
Corporate and eliminations ............................................
Total ....................................................................................
Operating income:
Japan ..........................................................................
The Americas .................................................................
Europe ..........................................................................
Other ..............................................................................
Corporate and eliminations ............................................
Total .....................................................................................
Operating income on segment sales:
Japan ..........................................................................
The Americas .................................................................
Europe ..........................................................................
Other ..............................................................................
- 17 -
Change
(%)
222,195
80,265
302,460
232,362
65,573
297,935
-10,167 (-4.4)
+14,692 (22.4)
+4,525 (1.5)
81,388
2,462
83,850
61,787
623
62,410
+19,601 (31.7)
+1,839 (295.2)
+21,440 (34.4)
77,007
1,230
78,327
60,492
761
61,253
+16,515 (27.3)
+469 (61.6)
+16,984 (27.7)
20,741
15,587
36,328
-99,544
401,331
19,341
9,369
28,710
-76,326
373,982
+1,400 (7.2)
+6,218 (66.4)
+7,618 (26.5)
-23,218 (30.4)
+27,349 (7.3)
276,296
83,149
74,151
34,461
-96,455
371,602
279,131
61,938
59,851
26,913
-79,694
348,139
-2,835
+21,211
+14,300
+7,548
-16,761
+23,463
26,164
701
4,086
1,867
-3,089
29,729
18,804
472
1,402
1,797
3,368
25,843
8.7%
0.8%
5.2%
5.1%
6.3%
0.8%
2.3%
6.3%
(-1.0)
(34.2)
(23.9)
(28.0)
(21.0)
(6.7)
+7,360 (39.1)
+229 (48.5)
+2,684 (191.4)
+70 (3.9)
-6,457(-191.7)
+3,886 (15.0)
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
(Nine months ended December 31, 2001)
(Millions of yen)
Nine months ended
December 31, 2001
Net sales:
Japan
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
The Americas
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
Europe
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
Other
Unaffiliated Customers ..................................................
Intersegment ...................................................................
Total ..............................................................................
Intersegment ...................................................................
Total ....................................................................................
Operating expenses:
Japan ..........................................................................
The Americas .................................................................
Europe ..........................................................................
Other ..............................................................................
Corporate and eliminations ............................................
Total ....................................................................................
Operating income:
Japan ..........................................................................
The Americas .................................................................
Europe ..........................................................................
Other ..............................................................................
Corporate and eliminations ............................................
Total .....................................................................................
Nine months ended
December 31, 2000
Change
(%)
689,465
230,859
920,324
698,818
206,471
905,289
-9,353 (-1.3)
+24,388 (11.8)
+15,035 (1.7)
243,527
5,827
249,354
173,829
3,498
177,327
+69,698 (40.1)
+2,329 (66.6)
+72,027 (40.6)
224,793
3,390
228,183
179,652
2,291
181,943
+45,141 (25.1)
+1,099 (48.0)
+46,240 (25.4)
63,633
44,766
108,399
56,986
28,489
85,475
+6,647 (11.7)
+16,277 (57.1)
+22,924 (26.8)
-284,842
1,221,418
-240,749
1,109,285
-44,093 (18.3)
+112,133 (10.1)
841,193
246,432
219,393
103,859
-279,092
1,131,785
840,950
172,614
175,426
81,407
-238,096
1,032,301
79,131
2,922
8,790
4,540
-5,750
89,633
64,339
4,713
6,517
4,068
-2,653
76,984
8.6%
1.2%
3.9%
4.2%
7.1%
2.7%
3.6%
4.8%
Operating income on segment sales:
Japan ..........................................................................
The Americas .................................................................
Europe ..........................................................................
Other ..............................................................................
- 18 -
+243
+73,818
+43,967
+22,452
-40,996
+99,484
(0.0)
(42.8)
(25.1)
(27.6)
(17.2)
(9.6)
+14,792 (23.0)
-1,791 (-38.0)
+2,273 (34.9)
+472 (11.6)
-3,097 (116.7)
+12,649 (16.4)
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
8. Significant Accounting Policies
1. Items relating to the scale of consolidation and the application of the equity method
Consolidated subsidiaries
14 additions, including Ricoh Chubu Company, Ltd. and Ricoh Kyusyu Company, Ltd.
5 removals, including Higashi Shizuoka Ricoh Company, Ltd.
Companies accounted for by the equity method:
5 additions, including Tohoku Ricoh (Fuzhon) Printing Products Co., Ltd.
1 removal: NRG Singapore Pte. Ltd.
2. Consolidated Accounting Policies
(1) Principles of Consolidation
The consolidated financial statements include the accounts of Ricoh. All significant intercompany balances and
transactions have been eliminated in consolidation. Investments in affiliated companies are accounted for on the equity
basis.
(2) Securities
Ricoh conforms with SFAS No.115, "Accounting for Certain Investments in Debt and Equity Securities," which
requires certain investments in debt and equity securities to be classified as either held-to-maturity, trading, or
available-for-sale securities. Available-for-sale are reported at fair value with unrealized gains and losses, net of related
taxes, excluded from earnings and reported in accumulated other comprehensive income (loss).
The cost of the securities sold was computed based on the average cost of each security held at the time of sale.
(3) Inventories
Inventories are stated at the lower of average cost or market. Inventory costs include raw materials, labor and
manufacturing overheads.
(4) Plant and Equipment
Depreciation of plant and equipment is computed principally by using the declining-balance method over the estimated
useful lives. Most of the foreign subsidiaries have adopted the straight-line method for computing depreciation.
Certain leased buildings, machinery and equipment are accounted for as capital leases in conformity with SFAS No. 13,
"Accounting for Leases."
(5) Goodwill
Ricoh has classified as goodwill the cost in excess of fair value of the net assets of major companies acquired in
purchase transactions. Goodwill is being amortized on a straight-line method over the estimated periods
benefited, not to exceed 20 years.
(6) Use of Estimates
Management of the Company has made a number of estimates and assumptions that affect the reported amounts of
assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities, to prepare these
financial statements in conformity with generally accepted accounting principles. Actual results could differ from those
estimates.
3. Notes
From fiscal 2002, Ricoh has adopted SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities,”
and SFAS No. 138, “Accounting for Certain Derivative Instruments and Certain Hedging Activities,” an amendment of
FASB Statement No. 133. These standards require all that every derivative instrument be measured at its fair value and
be recorded in the consolidated balance sheets as an asset or liability.
Under the new standards, the unrealized gains of ¥ 1,864 million net of the income tax effect are deducted from other
comprehensive income in the consolidated balance sheets, and a decrease to net income of ¥ 66 million are recorded in
the consolidated statements of income.
- 19 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
.
(Blank Page)
- 20 -
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
Ricoh Company, Ltd.
QUARTERLY REPORT -APPENDIX- (3rd Quarter Ended December 31, 2001)
1. Quarterly Performance Outline (Consolidated)
Net sales ...........................................................
Gross profit ......................................................
Operating income ..............................................
Income before income taxes ..............................
Net income ........................................................
Net income per share (yen) ...............................
Capital expenditure ...........................................
Depreciation for tangible fixed assets ...............
R&D expenditure ..............................................
Interest income (expenses) net .........................
Exchange rate (Yen/US$) ...................................
Exchange rate (Yen/EURO) ...............................
(billions of yen)
Three months
Change
Three months
Change
ended June 30, ’01
(%)
ended Sept. 30, ’01
(%)
411.9
174.0
31.6
27.1
14.8
21.47
17.9
15.1
17.8
-1.2
122.60
107.25
12.2
17.3
20.6
17.3
17.9
-
408.1
167.8
28.2
25.3
13.5
19.50
21.8
17.9
22.0
-0.3
121.72
108.32
10.9
15.3
13.5
10.2
2.6
-
Three months Change
ended Dec. 31, ’01 (%)
401.3
173.6
29.7
25.8
14.8
21.41
16.8
20.2
18.6
-0.8
123.70
110.74
2. Quarterly Sales by Product Line (Consolidated)
(billions of yen)
Three months Change Change(*)
Three months Change Change(*)Three months Change Change(*)
ended June 30,
ended Sept. 30,
(%)
(%)
2001 (1Q)
Copiers and Related Supplies............
Domestic .....................................
Overseas ......................................
Communications and Information Systems
Domestic .....................................
Overseas ......................................
Other Businesses ...............................
Domestic .....................................
Overseas ......................................
Total ..................................................
Domestic .....................................
Overseas ......................................
The Americas ..............................
Europe.........................................
Other ...........................................
7.3
16.0
15.0
12.9
19.4
-
261.0
120.7
140.3
106.9
72.2
34.7
43.9
35.7
8.1
411.9
228.7
183.2
79.8
76.1
27.1
(%)
(%)
2001 (2Q)
17.5 11.7
1.5
1.5
35.8 23.4
10.0
7.5
7.4
7.4
15.9
7.5
-8.1 -8.8
-10.5 -10.5
4.5
0.2
12.2
7.9
1.1
1.1
29.9 18.8
44.0 25.6
25.1 18.6
9.7
3.9
249.6 18.4
109.6
1.8
139.9 35.7
111.8 10.7
76.7 -0.2
35.1 45.2
46.5 -17.0
37.6 -17.2
8.9 -16.1
408.1 10.9
223.9 -2.6
184.1 33.3
82.7 45.1
71.9 27.8
29.3 18.8
ended Dec. 31,
(%)
(%)
12.8
-5.2
32.3
-0.4
-8.1
17.7
-2.4
-5.2
9.2
7.3
-6.1
27.8
33.4
29.7
10.4
5.7
-5.2
17.5
-3.6
-8.1
6.8
-4.0
-5.2
1.2
1.9
-6.1
14.2
18.7
14.8
2.3
2001 (3Q)
11.7
1.8
22.1
7.9
-0.2
33.7
-17.9
-17.2
-20.9
6.2
-2.6
20.8
28.3
16.8
12.3
253.2
110.3
142.9
104.2
67.2
36.9
43.8
34.1
9.6
401.3
211.7
189.5
82.5
77.8
29.1
(*)...Excluding foreign exchange impact
Reference: Exchange rate (average rate for each three month)
Three months ended
June 30, 2001 (1Q)
US$1.................................
¥ 122.60
EURO 1............................
¥ 107.25
Three months ended
September 30, 2001 (2Q)
¥ 121.72
¥ 108.32
- 21 -
Three months ended
December 31, 2001 (3Q)
¥ 123.70
¥ 110.74
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
3.
Quarterly Sales by Product Category (Consolidated)
Three months Change Change(*)Three months Change Change(*)
ended June 30,
ended Sept. 30,
(%)
(%)
2001 (1Q)
Imaging Solutions:
Digital Imaging Systems ........................
Domestic ..........................................
Overseas ..........................................
Other Imaging Systems................................
Domestic ..........................................
Overseas ..........................................
Total Imaging Solutions...............................
Domestic ..........................................
Overseas ..........................................
Networking input/output systems:
Printing Systems ...................................
Domestic ..........................................
Overseas ..........................................
Other Input/Output Systems ......................
Domestic ..........................................
Overseas ..........................................
Total Networking input/output systems ....
Domestic ..........................................
Overseas ..........................................
Network system solutions ..........................
Domestic ..........................................
Overseas ..........................................
<Office Equipment Total>..........................
Domestic ..........................................
Overseas ..........................................
< Other Businesses > ..................................
Domestic ..........................................
Overseas ..........................................
Grand Total
..........................................
Domestic ..........................................
Overseas ..........................................
The Americas ...............................
Europe.........................................
Other............................................
(billions of yen)
Three months Change Change(*)
(%)
(%)
2001 (2Q)
ended Dec. 31,
(%)
(%)
2001 (3Q)
155.1
81.2
73.9
76.4
27.9
48.5
231.6
109.1
122.4
10.3
5.6
0.2
0.2
24.0 12.9
1.0 -4.6
-16.4 -16.4
14.6
4.7
7.0
2.0
-4.6 -4.6
20.1
9.5
156.7 16.6
71.2 -10.3
85.5 55.5
69.8 -2.2
23.6 -17.2
46.2
7.8
226.6 10.1
94.9 -12.1
131.7 34.6
10.2
-10.3
39.8
-8.5
-17.2
-2.7
3.7
-12.1
21.2
161.9 14.0
6.7
69.6 -3.1 -3.1
92.3 31.5 16.7
67.2 -1.5 -8.4
24.4 -28.0 -28.0
42.8 24.7 10.9
229.2
9.0
1.8
94.0 -11.0 -11.0
135.1 29.3 14.8
77.4
31.4
45.9
10.1
3.9
6.1
87.6
35.4
52.1
48.7
48.3
0.4
368.0
193.0
175.0
43.9
35.7
8.1
411.9
228.7
183.2
79.8
76.1
27.1
64.6 55.6
43.2 43.2
83.2 66.4
17.8 15.2
15.9 15.9
19.0 14.8
57.3 49.3
39.5 39.5
72.2 57.6
3.0
3.0
4.4
4.4
-60.3 -60.8
15.2 10.4
3.6
3.6
31.4 19.9
-8.1 -8.8
-10.5 -10.5
4.5
0.2
12.2
7.9
1.1
1.1
29.9 18.8
44.0 25.6
25.1 18.6
9.7
3.9
70.9
34.4
36.5
9.7
3.3
6.3
80.6
37.8
42.8
54.1
53.6
0.5
361.5
186.3
175.1
46.5
37.6
8.9
408.1
223.9
184.1
82.7
71.9
29.3
58.1
72.3
45.6
-6.9
-25.8
8.4
45.5
54.0
38.2
1.9
3.1
-54.8
10.5
1.0
24.3
-17.9
-17.2
-20.9
6.2
-2.6
20.8
28.3
16.8
12.3
70.5 24.0 17.0
35.2 17.1 17.1
35.3 31.7 16.9
12.6 -3.5 -5.7
3.9 -31.1 -31.1
8.6 17.9 13.9
83.2 18.8 12.8
39.2
9.4
9.4
44.0 28.7 16.3
45.0 -7.6 -7.7
44.3 -7.7 -7.7
0.7
0.3 -6.7
357.5
8.6
2.7
177.6 -6.3 -6.3
179.8 29.0 15.1
43.8 -2.4 -4.0
34.1 -5.2 -5.2
9.6
9.2
1.2
401.3
7.3
1.9
211.7 -6.1 -6.1
189.5 27.8 14.2
82.5 33.4 18.7
77.8 29.7 14.8
29.1 10.4
2.3
66.2
72.3
60.8
-5.0
-25.8
11.9
52.4
54.0
51.1
1.9
3.1
-51.9
15.9
1.0
37.5
-17.0
-17.2
-16.1
10.9
-2.6
33.3
45.1
27.8
18.8
(*)...Excluding foreign exchange impact
Each category includes the following products:
Digital Imaging Systems.....
Digital PPCs, color PPCs, digital duplicators, facsimile machines, related supplies and services
Other Imaging Systems ......
Analog PPCs, diazo copiers, and related supplies including thermal paper, and services
Printing Systems................
Multifunctional printers (MFPs), laser printers, related supplies, services and software
Other Input/Output Systems Optical discs, systems and scanners
Network System Solutions..
Personal computers, PC servers, network systems, network related software, and service/support
Other Businesses ................
Digital cameras, analog cameras, semiconductors
Reference: Exchange rate (average rate for each three month)
Three months ended
June 30, 2001 (1Q)
US$1.................................
¥ 122.60
EURO 1............................
¥ 107.25
Three months ended
September 30, 2001 (2Q)
¥ 121.72
¥ 108.32
- 22 -
Three months ended
December 31, 2001 (3Q)
¥ 123.70
¥ 110.74
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
4. Forecast of Consolidated Performance
(billions of yen)
Year ended
Nine months
Change
Three months
Change
Year ended
Change
March 31, 2001
ended
(%)
ended
(%)
Mar. 31, 2002
(%)
Dec. 31, ’01
Net sales .....................................................
Gross profit ................................................
Operating income ........................................
Income before income taxes ........................
Net income ..................................................
Net income per share (yen) .........................
Capital expenditure .....................................
Depreciation for tangible fixed assets .........
R&D expenditure ........................................
Interest income (expenses) net ...................
Exchange rate (Yen/US$) .............................
Exchange rate (Yen/EURO) .........................
1,538.2
613.3
105.1
97.7
53.2
76.85
73.3
62.1
78.2
0.2
110.60
100.41
Mar. 31, ’02(forecast)
1,221.4
515.5
89.6
78.3
43.2
62.38
56.6
53.3
58.6
-2.5
122.67
108.77
10.1
16.2
16.4
13.5
13.1
-
448.5
174.4
36.3
34.6
18.2
25.67
23.4
19.2
21.4
-0.4
128.00
113.00
(forecast)
4.6
2.8
29.3
20.7
21.8
-
1,670.0
690.0
126.0
113.0
61.5
88.05
80.0
72.5
80.0
-3.0
124.00
109.83
5. Forecast of Consolidated Sales by Product Line
Nine months
Ended
Copiers and Related Supplies............
Domestic .....................................
Overseas ......................................
Communications and Information Systems
Domestic .....................................
Overseas ......................................
Other Businesses ...............................
Domestic .....................................
Overseas ......................................
Total ..................................................
Domestic .....................................
Overseas ......................................
The Americas ..............................
Europe.........................................
Other ...........................................
763.9
340.7
423.2
323.1
216.3
106.8
134.3
107.4
26.8
1,221.4
664.5
556.9
245.2
225.9
85.6
(billions of yen)
Three months ended March 31, 2002
Forecast Change
Dec. 31, 2001
Forecast (*)
(%)
279.5
122.2
157.2
120.3
79.6
40.6
48.6
38.5
10.1
448.5
240.4
208.0
93.2
79.5
35.3
8.6
12.5
19.9
15.6
15.5
-
Change
Year ended March 31, 2002
Forecast Change
Forecast (*)
Change
(%)
8.5
-2.1
18.4
0.2
-4.4
10.5
-4.8
-4.7
-5.0
4.6
-3.3
15.4
19.1
13.2
11.1
269.9
4.7
122.2 -2.1
147.6 11.2
118.1 -1.7
79.6 -4.4
38.4
4.4
48.1 -5.8
38.5 -4.7
9.6 -10.0
436.2
1.7
240.4 -3.3
195.7
8.5
85.1
8.8
77.5 10.5
32.9
3.7
(%)
1,043.5
463.0
580.5
443.5
296.0
147.5
183.0
146.0
37.0
1,670.0
905.0
765.0
338.5
305.5
121.0
14.0
991.1
-1.1
463.0
29.8
528.1
4.8
432.5
-1.6
296.0
20.5
136.5
-8.4
180.9
-9.8
146.0
-2.9
34.9
8.6 1,604.5
-2.7
905.0
25.9
699.5
34.0
301.5
23.5
284.5
12.4
113.5
8.3
-1.1
18.0
2.2
-1.6
11.6
-9.5
-9.8
-8.4
4.3
-2.7
15.1
19.3
15.0
5.4
*…Excluding foreign exchange impact
Reference: Exchange rate (average rate for each three month)
(Year ended)
(March 31, 2001)
US$1.........
EURO 1....
¥ 110.60
¥ 100.41
Three months ended
June 30, 2001 (1Q)
¥ 122.60
¥ 107.25
Three months ended
September 30, 2001 (2Q)
¥ 121.72
¥ 108.32
- 23 -
Three months ended
December 31, 2001 (3Q)
¥ 123.70
¥ 110.74
Three months ended
March 31, 2002 (4Q)
(Year ended)
(March 31, 2002)
¥ 128.00
¥ 113.00
¥ 124.00
¥ 109.83
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
6. Forecast of Consolidated Sales by Product Category
Nine months
Ended
Three months ended March 31, 2002
Forecast Change
Dec. 31, 2001
Imaging Solutions:
Digital Imaging Systems ........................
Domestic ..........................................
Overseas ..........................................
Other Imaging Systems................................
Domestic ..........................................
Overseas ..........................................
Total Imaging Solutions...............................
Domestic ..........................................
Overseas ..........................................
Networking input/output systems:
Printing Systems ...................................
Domestic ..........................................
Overseas ..........................................
Other Input/Output Systems ......................
Domestic ..........................................
Overseas ..........................................
Total Networking input/output systems ....
Domestic ..........................................
Overseas ..........................................
Network system solutions ..........................
Domestic ..........................................
Overseas ..........................................
<Office Equipment Total>..........................
Domestic ..........................................
Overseas ..........................................
< Other Businesses > ..................................
Domestic ..........................................
Overseas ..........................................
Grand Total
..........................................
Domestic ..........................................
Overseas ..........................................
The Americas ...............................
Europe.........................................
Other............................................
(billions of yen)
Forecast (*)
(%)
Change
Year ended March 31, 2002
Forecast Change
Forecast (*)
Change
(%)
473.9
222.1
251.7
213.6
76.0
137.6
687.5
298.1
389.3
173.0 10.2
79.8 -2.0
93.2 23.4
68.3 -11.7
17.9 -28.3
50.3 -3.7
241.4
3.0
97.8 -8.2
143.6 12.3
167.7
6.8
79.8 -2.0
87.8 16.3
65.3 -15.6
17.9 -28.3
47.3 -9.5
233.0 -0.6
97.8 -8.2
135.2
5.8
219.0
101.1
117.8
32.5
11.3
21.2
251.5
112.5
139.0
148.0
146.3
1.6
1,087.0
557.0
530.0
134.3
107.4
26.8
1,221.4
664.5
556.9
245.2
225.9
85.6
91.4 29.6
46.8 24.1
44.6 36.0
13.4
7.2
4.6 -16.6
8.7 26.2
104.9 26.2
51.4 18.8
53.4 34.3
53.4 -11.2
52.6 -9.7
0.8 -56.9
399.9
5.8
201.9 -3.0
197.9 16.7
48.6 -4.8
38.5 -4.7
10.1 -5.0
448.5
4.6
240.4 -3.3
208.0 15.4
93.2 19.1
79.5 13.2
35.3 11.1
88.6
46.8
41.8
12.8
4.6
8.2
101.5
51.4
50.0
53.4
52.6
0.8
388.0
201.9
186.1
48.1
38.5
9.6
436.2
240.4
195.7
85.1
77.5
32.9
25.6
24.1
27.3
2.5
-16.6
17.9
22.1
18.8
25.6
-11.3
-9.7
-57.5
2.7
-3.0
9.7
-5.8
-4.7
-10.0
1.7
-3.3
8.5
8.8
10.5
3.7
(%)
647.0 12.7
302.0 -3.8
345.0 32.5
282.0 -3.7
94.0 -22.3
188.0
9.4
929.0
7.1
396.0 -8.9
533.0 23.3
616.0
7.3
302.0 -3.8
314.0 20.6
265.5 -9.3
94.0 -22.3
171.5 -0.2
881.5
1.7
396.0 -8.9
485.5 12.3
310.5 42.9
296.0 36.2
148.0 34.8
148.0 34.8
162.5 51.2
148.0 37.7
46.0
3.3
44.7
0.4
16.0 -17.3
16.0 -17.3
30.0 19.1
28.7 13.9
356.5 36.2
340.7 30.1
164.0 27.0
164.0 27.0
192.5 45.1
176.7 33.2
201.5 -3.8
201.4 -3.9
199.0 -2.8
199.0 -2.8
2.5 -47.8
2.4 -49.9
1,487.0 11.1 1,423.6
6.4
759.0 -1.3
759.0 -1.3
728.0 27.8
664.6 16.7
183.0 -8.4
180.9 -9.5
146.0 -9.8
146.0 -9.8
37.0 -2.9
34.9 -8.4
1,670.0
8.6 1,604.5
4.3
905.0 -2.7
905.0 -2.7
765.0 25.9
699.5 15.1
338.5 34.0
301.5 19.3
305.5 23.5
284.5 15.0
121.0 12.4
113.5
5.4
*…Excluding foreign exchange impact
Each category includes the following products:
Digital Imaging Systems.....
Digital PPCs, color PPCs, digital duplicators, facsimile machines, related supplies and services
Other Imaging Systems ......
Analog PPCs, diazo copiers, and related supplies including thermal paper, and services
Printing Systems................
Multifunctional printers (MFPs), laser printers, related supplies, services and software
Other Input/Output Systems Optical discs, systems and scanners
Network System Solutions..
Personal computers, PC servers, network systems, network related software, and service/support
Other Businesses ................
Digital cameras, analog cameras, semiconductors
Reference: Exchange rate (average rate for each three month)
(Year ended)
(March 31, 2001)
US$1.........
EURO 1....
¥ 110.60
¥ 100.41
Three months ended
June 30, 2001 (1Q)
¥ 122.60
¥ 107.25
Three months ended
September 30, 2001 (2Q)
¥ 121.72
¥ 108.32
- 24 -
Three months ended
December 31, 2001 (3Q)
¥ 123.70
¥ 110.74
Three months ended
March 31, 2002 (4Q)
(Year ended)
(March 31, 2002)
¥ 128.00
¥ 113.00
¥ 124.00
¥ 109.83
Ricoh Co., Ltd. Quarterly Report
3rd Quarter ended December 31, 2001
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