Financial Highlights /Appendix

January 31, 2014
QUARTERLY REPORT
Nine months ended December 31, 2013
Results for the Period from April 1, 2013 to December 31, 2013
Three months ended December 31, 2013
Results for the Period from October 1, 2013 to December 31, 2013
Performance Outline (Consolidated)
(1) Third Quarter ended December 31, 2012, 2013 and Year ending March 31, 2014 (Forecast)
(Billions of yen)
Third Quarter ended
December 31, 2012
Results
Third Quarter ended
December 31, 2013
Results
Year ending
March 31, 2014
Forecast
Change
Change
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income
Income before income taxes
Net income attributable to Ricoh Company, Ltd.
640.9
746.1
1,387.0
563.4
40.4
36.2
17.3
672.3
939.2
1,611.5
657.0
78.2
75.8
43.5
4.9%
25.9%
16.2%
16.6%
93.2%
109.2%
151.8%
914.0
1,286.0
2,200.0
892.4
120.0
115.0
70.0
5.0%
22.0%
14.3%
16.1%
89.2%
97.7%
115.6%
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
80.05
102.26
99.42
132.31
19.37
30.05
99.57
134.22
16.51
27.14
23.86
60.09
36.23
96.55
51.77
-
-
-
-
-
28.3
-76.2
25.4
134.4
34.4
-60.8
43.3
144.1
6.0
15.4
17.8
9.7
-
-
61.1
44.5
82.1
55.2
54.3
85.9
-5.8
9.7
3.7
80.0
74.0
117.0
-6.5
13.5
4.9
Net income attributable to Ricoh Company, Ltd.
shareholders per share-basic (yen)
Net income attributable to Ricoh Company, Ltd.
shareholders per share-diluted (yen)
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
March 31, 2013
Total assets
Ricoh Company, Ltd. shareholders' equity
Interest-bearing debt
Ricoh Company, Ltd. shareholders' equity ratio (%)
Ricoh Company, Ltd. shareholders' equity per share (yen)
December 31, 2013
Change
2,360.6
897.9
702.7
2,560.4
1,003.4
778.1
199.7
105.4
75.4
38.0
39.2
1.2
1,238.55
1,384.23
145.68
(2) Three months ended December 31, 2012 and 2013
(Billions of yen)
Three months ended
December 31, 2013
Change
Results
Three months ended
December 31, 2012
Results
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income
Income before income taxes
Net income attributable to Ricoh Company, Ltd.
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
Net income attributable to Ricoh Company, Ltd.
shareholders per share-basic (yen)
Net income attributable to Ricoh Company, Ltd.
shareholders per share-diluted (yen)
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
210.1
259.4
469.6
188.9
13.0
11.7
5.5
228.5
327.4
555.9
226.6
32.3
31.5
18.8
8.7%
26.2%
18.4%
19.9%
147.0%
167.4%
237.3%
81.27
105.43
100.46
136.70
19.19
31.27
7.71
26.00
18.29
-
-
-
19.7
13.9
27.4
17.0
18.9
28.3
-2.6
5.0
0.9
Ricoh Company, Ltd.
* The Company bases the forecast estimates for the fiscal year ending March 31, 2014 above upon information currently available to management, which involves
risks and uncertainties that could cause actual results to differ materially from those projected.
1
Ricoh Company, Ltd. and Consolidated Subsidiaries
Financial Highlights for the Third Quarter Ended December 31, 2013 (U.S. GAAP Financial Information)
1. Results for the Period from April 1, 2013 to December 31, 2013
(1) Operating Results
Third Quarter ended
December 31, 2012
1,387,099
-0.7
40,483
36,274
17,302
-
(Millions of yen)
Third Quarter ended
December 31, 2013
1,611,521
16.2
78,201
93.2
75,894
109.2
43,563
151.8
Net sales
(% change from the previous corresponding period)
Operating income
(% change from the previous corresponding period)
Income before income taxes
(% change from the previous corresponding period)
Net income attributable to Ricoh Company, Ltd.
(% change from the previous corresponding period)
Net income attributable to Ricoh Company, Ltd. shareholders
per share-basic (yen)
23.86
Net income attributable to Ricoh Company, Ltd. shareholders
per share-diluted (yen)
Notes:
i. Comprehensive income: ¥ 133,732 million (222.0%) (¥ 41,526 million ( - %) in income in previous fiscal year)
(2) Financial Position
March 31, 2013
2,360,697
958,658
897,996
38.0
Total assets
Total equity
Ricoh Company, Ltd. shareholders' equity
Ricoh Company, Ltd. shareholders' equity ratio (%)
60.09
-
(Millions of yen)
December 31, 2013
2,560,422
1,067,668
1,003,468
39.2
2. Dividend information
Year ended
Year ending
March 31, 2013
March 31, 2014
(Results)
(Forecast)
Cash dividends, applicable to the year (yen)
Interim (yen)
Year-end (yen)
29.00
12.50
16.50
33.00
16.50
16.50
Notes: Revision of expected dividends during this period: No
3. Forecast of Operating Results from April 1, 2013 to March 31, 2014
(Millions of yen)
Year ending
March 31, 2014
2,200,000
120,000
115,000
70,000
Net sales
Operating income
Income before income taxes
Net income attributable to Ricoh Company, Ltd.
Net income attributable to Ricoh Company, Ltd. shareholders
per share (yen)
96.55
Notes: Revision of forecast of consolidated operating results during this period: Yes
4. Others
(1) Changes in significant subsidiaries: No
(2) Adoption of concise quarterly accounting method or procedure: No
(3) Changes in accounting method: Yes
* For details see "4.Others" on page 5.
(4) Number of common stock outstanding (including treasury stock):
As of December 31, 2013 744,912,078 shares As of March 31, 2013 744,912,078 shares
(5) Number of treasury stock:
As of December 31, 2013 19,982,034 shares As of March 31, 2013 19,875,662 shares
(6) Average number of common stock:
As of December 31, 2013 725,000,489 shares As of December 31, 2012 725,069,001 shares
2
Consolidated Performance
1. Operating results
*Overview
Consolidated net sales of Ricoh Group for the third quarter of fiscal year 2013 (the nine months period from April 1, 2013 to December
31, 2013) increased by 16.2% as compared to the previous corresponding period, to ¥1,611.5 billion. During this period, the average Yen
exchange rates were ¥99.42 against the U.S. dollar (down ¥19.37 from the previous corresponding period) and ¥132.31 against the Euro
(down ¥30.05 from the previous corresponding period). Net sales would have increased by 2.5% excluding impact of such foreign
currency exchange fluctuation.
The Japanese economy showed signs of recovery, with the weakening Yen and the increase in stock prices achieved through the
economic and monetary policies introduced by the government and the Bank of Japan. However, with the announcement of the increase
in consumption tax by the government, the overall economic outlook continues to remain unpredictable. Under such conditions, domestic
sales in the Imaging & Solutions segment and the Other segment increased, resulting in overall sales in Japan to increase by 4.9% as
compared to the previous corresponding period.
Outside of the domestic market, the U.S. economy continued its recovery towards the end of the year as the market expressed relief over
the end of the government shutdown. The European economy, although showing signs of a modest recovery, still remains uncertain as
low inflation threatens the region's economic recovery. Slowdown in growth is also seen in China and in the rest of the emerging markets
within Asia. Even under such economic conditions, the weakening trend of the Yen during the nine month period to the end of the third
quarter has contributed to the increase in sales overseas.
As for overseas sales by region, sales in the Americas increased by 22.6% compared to the previous corresponding period (a decrease of
1.3% excluding foreign currency exchange fluctuation), sales in Europe, Middle East and Africa increased by 28.1% (a decrease of 0.9%
excluding foreign currency exchange fluctuation). Sales in Other region, which includes China, South East Asia and Oceania, increased
by 31.2% (an increase of 10.3%, excluding foreign currency exchange fluctuation).
As a result, sales in the overseas market increased by 25.9% compared to the previous corresponding period. Excluding effects of foreign
currency fluctuations, net sales in overseas would have increased by 0.4% compared to the previous corresponding period.
Gross profit increased by 16.6% as compared to the previous corresponding period to ¥657.0 billion, due to increase in sales, cost
reductions and the weakening of the Yen.
Although group-wide activities to streamline costs have contributed in controlling selling, general and administrative expenses, these
expenses have increased by 10.7% as compared to the previous corresponding period to ¥578.8 billion, due to the weakening of the Yen.
As a result, operating income increased to ¥78.2 billion (an increase of 93.2% compared to the previous corresponding period).
Other income increased compared to the previous corresponding period due to gain on sale of investment securities.
Income before income taxes increased by 109.2% as compared to the previous corresponding period, to ¥75.8 billion.
As a result, net income attributable to Ricoh Company, Ltd. increased by ¥26.2 billion (151.8%) as compared to the previous
corresponding period, to ¥43.5 billion.
Comprehensive income increased significantly compared to the previous corresponding period, primarily by the increase in consolidated
net income and cumulative translation adjustments due to the weakening trend of the Yen, to ¥133.7 billion.
3
*Conditions by Product Line
Conditions by Product Line for the nine months ended December 31, 2013 are as follows;
Imaging & Solutions (Sales up 17.0% to ¥1,413.0 billion)
Office Imaging (Sales up 13.0% to ¥1,075.2 billion)
Sales in this category increased by 13.0% as compared to the previous corresponding period, to ¥1,075.2 billion.
The sales of the newly released color MFP products along with the weakening of the Yen have contributed to the overall increase
in sales compared to the previous corresponding period.
Production Printing (Sales up 26.9% to ¥132.9 billion)
Sales in this category increased by 26.9% as compared to the previous corresponding period, to ¥132.9 billion. The weakening of
the Yen, and increase in sales of new products and after-sales service revenue in the overseas market have contributed to the
increase in the overall sales during this period.
Network System Solutions (Sales up 35.9% to ¥204.8 billion)
Sales in this category increased by 35.9% as compared to the previous corresponding period, to ¥204.8 billion due primarily to the
increase in sales of personal computers and related products in the domestic market and the increase in sales of IT services in both
the domestic and overseas market.
As a result, sales in the Imaging & Solutions segment increased by 17.0% as compared to the previous corresponding period, to ¥
1,413.0 billion. Operating income increased by 35.9% as compared to the previous corresponding period, to ¥124.8 billion due to
increase in gross profit achieved by increase in sales and by the weakening of the Yen.
Industrial Products (Sales up 12.2% to ¥78.7 billion)
Sales increases in the Optical Unit business and semiconductors devices overseas have contributed to the increase in the Industrial
Products segment by 12.2%, as compared to the previous corresponding period, to ¥78.7 billion. As a result, the operating income in
the Industrial Products segment increased to a total of ¥3.6 billion (operating loss of ¥0.4 billion in the previous corresponding
period).
Other (Sales up 9.2% to ¥119.7 billion)
Net sales in the Other segment increased by 9.2% as compared to the previous corresponding period, to ¥119.7 billion. The market
release of new digital camera products and the lease financing business contributed to the increase in sales in this segment. As a
result, the operating loss in the Other segment amounted to ¥0.3 billion (operating loss of ¥2.3 billion in the previous corresponding
period).
2. Financial Position
*Assets, Liabilities and Equity
For Assets, lease receivables increased from the end of the previous fiscal year due to increases in lease contracts. The yen equivalent
of foreign-currency-denominated assets increased due to the weakening of the Yen. As a result, total assets increased by ¥199.7
billion, to ¥2,560.4 billion as compared to the previous corresponding period.
For Liabilities, accrued pension and severance costs decreased, but interest bearing debt increased. As a result, total liabilities
increased by ¥90.7 billion, to ¥1,492.7 billion as compared to the previous corresponding period.
For Total Equity, accumulated other comprehensive loss decreased due primarily to the increase of cumulative translation
adjustments reflecting exchange fluctuation from the end of the previous period. As a result, total Equity increased by ¥109.0 billion
from the end of the previous fiscal year, to ¥1,067.6 billion.
*Cash Flows (Nine months from April 1, 2013 to December 31, 2013)
Net cash provided by operating activities in this period increased by ¥6.0 billion to ¥34.4 billion due to increase in net income before
taxes.
Net cash used in investing activities in this period decreased by ¥15.4 billion as compared to the previous corresponding period, to ¥
60.8 billion.
As a result, free cash outflows generated by operating and investing activities decreased by ¥21.4 billion, compared to the previous
corresponding period, to ¥26.4 billion.
Net cash provided by financing activities in this period increased by ¥17.8 billion as compared to the previous corresponding period,
to ¥43.3 billion due primarily to proceeds from interest-bearing debt.
As a result, cash and cash equivalents as of December 31, 2013 increased by ¥27.0 billion as compared to the end of the previous
fiscal year, to ¥144.1 billion.
4
3. Forecast for the entire fiscal year
Based upon the changes in the business environment (i.e. exchange rate fluctuation) along with the third quarter business results, Ricoh
will revise its forecast upwards for sales and downward for gross profit, operating income, income before income taxes and net income
attributable to Ricoh Company, Ltd from those previously announced in October.
Furthermore, in order to more accurately reflect the recent fluctuation in the exchange rate, Ricoh assumes exchange rates of ¥100.00
against the U.S. dollar and of ¥140.00 against the Euro in the fourth quarter. The year-end cash dividends have not changed from our
forecast announced in October.
Our performance forecast for fiscal year ending March 31, 2014 is as follows:
Exchange Rate Assumptions for the full year ending March 31, 2014
US$ 1 = ¥99.57 (¥83.06 in previous fiscal year)
EURO 1 = ¥134.22 (¥107.08 in previous fiscal year)
(Billions of yen)
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income
Income before income taxes
Net income attributable
to Ricoh Company, Ltd.
Year ending
March 31, 2014
Previous Forecast Revised Forecast
(A)
(B)
923.0
914.0
1,257.0
1,286.0
2,180.0
2,200.0
896.0
892.4
140.0
120.0
135.0
115.0
80.0
70.0
-9.0
29.0
20.0
-3.6
-20.0
-20.0
Year ended
March 31, 2013
Results
(C)
870.3
1,054.1
1,924.4
768.6
63.4
58.1
(B-C)/C
5.0%
22.0%
14.3%
16.1%
89.2%
97.7%
-10.0
32.4
115.6%
Change
(B-A)
Change
* Ricoh bases the forecast estimates for the year ending March 31, 2014 above upon information currently available to management, which involves
risks and uncertainties that could cause actual results to differ materially from those projected.
4. Others
(1) Changes in significant subsidiaries:
Not applicable
(2) Adoption of concise quarterly accounting method or procedure:
Not applicable
(3) Changes in accounting method:
Ricoh adopted retroactively Accounting Standards Update (ASU) 2011-11 and ASU 2013-01 from April 1 2013. ASU 2011-11 requires an entity to
disclose information about offsetting and related arrangements. ASU 2013-01 replaced ASU 2011-11. The updates create new disclosure
requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the
Statement of assets and liabilities or subject to an enforceable master netting arrangement or similar agreement. These ASU’s impact disclosures only
and will have no impact on Ricoh’s consolidated financial position.
Ricoh adopted ASU 2013-02 from April 1 2013. This ASU requires an entity to report the effect of reclassifications out of accumulated other
comprehensive income. This ASU will only impact disclosures and will have no impact on Ricoh’s consolidated financial position.
5
5. Consolidated Financial Statements
(1) Consolidated Balance Sheets
Assets
December 31, 2013
(Millions of yen)
Change
120,331
745,470
195,367
65,051
1,126,219
147,856
807,984
228,469
67,115
1,251,424
27,525
62,514
33,102
2,064
125,205
290,875
466,608
476,995
1,234,478
2,360,697
292,839
513,038
503,121
1,308,998
2,560,422
1,964
46,430
26,126
74,520
199,725
March 31, 2013
Current Assets
Cash and time deposits
Trade receivables
Inventories
Other current assets
Total Current Assets
Fixed Assets
Tangible fixed assets
Finance receivables
Other investments
Total Fixed Assets
Total Assets
Note:
Contents of cash and time deposits;
Cash and cash equivalents
Time deposits
March 31, 2013
December 31, 2013
117,051
144,126
3,280
3,730
Liabilities and Equity
December 31, 2013
(Millions of yen)
Change
256,538
226,399
217,430
700,367
263,602
289,035
250,021
802,658
7,064
62,636
32,591
102,291
476,381
164,289
61,002
701,672
1,402,039
489,159
140,884
60,053
690,096
1,492,754
12,778
-23,405
-949
-11,576
90,715
135,364
186,083
759,783
-146,088
-37,146
897,996
60,662
958,658
2,360,697
135,364
186,083
779,418
-60,131
-37,266
1,003,468
64,200
1,067,668
2,560,422
19,635
85,957
-120
105,472
3,538
109,010
199,725
March 31, 2013
Current Liabilities
Trade payables
Short-term borrowings
Other current liabilities
Total Current Liabilities
Fixed Liabilities
Long-term indebtedness
Accrued pension and severance costs
Other fixed liabilities
Total Fixed Liabilities
Total Liabilities
Equity
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total Ricoh Company, Ltd. shareholders' equity
Noncontrolling interests
Total Equity
Total Liabilities and Equity
Note:
Accumulated other comprehensive loss;
March 31, 2013
December 31, 2013
8,665
16,283
-64,266
-57,172
-861
-275
-89,626
-18,967
Net unrealized holding gains and losses on available-for-sale securities
Pension liability adjustments
Net unrealized gains and losses on derivative instruments
Cumulative translation adjustments
Reference: Exchange rate
US$ 1
EURO 1
March 31, 2013
¥94.05
¥120.73
6
December 31, 2013
¥105.39
¥145.05
Change
7,618
7,094
586
70,659
(2) Consolidated Statements of Income and Consolidated Statement of Comprehensive Income
Consolidated Statements of Income
(Millions of yen)
Third Quarter ended December 31, 2012 and 2013
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 (%)
Gain on sale of investment securities
Percentage of net sales (%)
Other, net
Percentage of net sales (%)
Income before income taxes,
equity income and noncontrolling interests
Percentage of net sales (%)
Provision for income taxes
Percentage of net sales (%)
Equity in earnings of affiliates
Percentage of net sales (%)
Net income
Percentage of net sales (%)
Net income attributable to noncontrolling interests
Percentage of net sales (%)
Net income attributable to Ricoh Company, Ltd.
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
Third Quarter ended
December 31, 2012
1,387,099
823,697
59.4
563,402
40.6
522,919
37.7
40,483
2.9
Third Quarter ended
December 31, 2013
1,611,521
954,502
59.2
657,019
40.8
578,818
35.9
78,201
4.9
1,916
0.1
5,047
0.4
24
0.0
1,102
0.0
1,548
0.1
5,237
0.3
2,324
0.1
942
0.1
36,274
2.6
15,510
1.1
47
0.0
20,811
1.5
3,509
0.3
17,302
1.2
75,894
4.7
28,163
1.7
-29
-0.0
47,702
3.0
4,139
0.3
43,563
2.7
December 31, 2012
¥80.05
¥102.26
December 31, 2013
¥99.42
¥132.31
Three months ended
December 31, 2012
469,632
280,636
59.8
188,996
40.2
175,901
37.4
13,095
2.8
Three months ended
December 31, 2013
555,944
329,315
59.2
226,629
40.8
194,288
35.0
32,341
5.8
380
0.1
1,492
0.3
-1
-0.0
198
0.1
418
0.1
1,609
0.3
32
0.0
-329
-0.1
11,784
2.5
5,109
1.1
-10
-0.0
6,665
1.4
1,076
0.2
5,589
1.2
31,511
5.7
11,350
2.1
6
0.0
20,167
3.6
1,315
0.2
18,852
3.4
Reference : Exchange rate
US$ 1
EURO 1
December 31, 2012
¥81.27
¥105.43
December 31, 2013
¥100.46
¥136.70
%
16.2
15.9
93,617
16.6
55,899
10.7
37,718
93.2
-368
-19.2
190
3.8
2,300
-
-160
-14.5
39,620
109.2
12,653
81.6
-76
-
26,891
129.2
630
18.0
26,261
151.8
(Millions of yen)
Three months ended December 31, 2012 and 2013
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 (%)
Gain (loss) on sale of investment securities
Percentage of net sales (%)
Other, net
Percentage of net sales (%)
Income before income taxes,
equity income and noncontrolling interests
Percentage of net sales (%)
Provision for income taxes
Percentage of net sales (%)
Equity in earnings of affiliates
Percentage of net sales (%)
Net income
Percentage of net sales (%)
Net income attributable to noncontrolling interests
Percentage of net sales (%)
Net income attributable to Ricoh Company, Ltd.
Percentage of net sales (%)
Change
224,422
130,805
7
Change
86,312
48,679
%
18.4
17.3
37,633
19.9
18,387
10.5
19,246
147.0
38
10.0
117
7.8
33
-
-527
-
19,727
167.4
6,241
122.2
16
-
13,502
202.6
239
22.2
13,263
237.3
Consolidated Statements of Comprehensive Income
(Millions of yen)
Third Quarter ended December 31, 2012 and 2013
Net income
Other comprehensive income (loss), net of tax
Net unrealized holding gains and losses on available-for-sale securities
Pension liability adjustments
Net unrealized gains and losses on derivative instruments
Foreign currency translation adjustments
Total
Comprehensive income
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Ricoh Company, Ltd.
Reference : Exchange rate
US$ 1
EURO 1
Third Quarter ended
December 31, 2012
20,811
Third Quarter ended
December 31, 2013
47,702
Change
26,891
-449
-747
-117
22,028
20,715
41,526
3,351
38,175
7,669
6,993
889
70,479
86,030
133,732
4,212
129,520
8,118
7,740
1,006
48,451
65,315
92,206
861
91,345
December 31, 2012
¥80.05
¥102.26
December 31, 2013
¥99.42
¥132.31
Three months ended December 31, 2012 and 2013
(Millions of yen)
Net income
Other comprehensive income (loss), net of tax
Net unrealized holding gains and losses on available-for-sale securities
Pension liability adjustments
Net unrealized gains and losses on derivative instruments
Foreign currency translation adjustments
Comprehensive income
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Ricoh Company, Ltd.
Reference : Exchange rate
US$ 1
EURO 1
8
Three months ended
Three months ended
December 31, 2013
December 31, 2012
6,665
20,167
1,040
-4,195
175
50,876
47,896
54,561
1,204
53,357
4,480
837
384
43,766
49,467
69,634
1,552
68,082
December 31, 2012
¥81.27
¥105.43
December 31, 2013
¥100.46
¥136.70
Change
13,502
3,440
5,032
209
-7,110
1,571
15,073
348
14,725
Consolidated Sales by Product Category
Third Quarter ended December 31, 2012 and 2013
(Millions of yen)
Third Quarter ended
December 31, 2012
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Production Printing
Percentage of net sales (%)
Network System Solutions
Percentage of net sales (%)
Imaging & Solutions Total
Percentage of net sales (%)
<Industrial Products>
Industrial Products
Percentage of net sales (%)
<Other>
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
Third Quarter ended
December 31, 2013
951,753
68.6
104,774
7.6
150,714
10.9
1,207,241
87.1
1,075,257
66.7
132,955
8.3
204,829
12.7
1,413,041
87.7
70,201
5.1
Change
123,504
13.0
28,181
26.9
54,115
35.9
205,800
17.0
78,759
4.9
8,558
12.2
109,657
7.8
1,387,099
100.0
119,721
7.4
1,611,521
100.0
10,064
9.2
224,422
16.2
December 31, 2012
¥80.05
¥102.26
December 31, 2013
¥99.42
¥132.31
Three months ended December 31, 2012 and 2013
(Millions of yen)
Three months ended
December 31, 2012
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Production Printing
Percentage of net sales (%)
Network System Solutions
Percentage of net sales (%)
Imaging & Solutions Total
Percentage of net sales (%)
<Industrial Products>
Industrial Products
Percentage of net sales (%)
<Other>
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
%
Three months ended
December 31, 2013
Change
%
325,473
69.3
35,339
7.5
48,792
10.4
409,604
87.2
370,551
66.7
47,680
8.6
71,593
12.8
489,824
88.1
45,078
13.8
12,341
34.9
22,801
46.7
80,220
19.6
22,764
4.8
27,165
4.9
4,401
19.3
37,264
8.0
469,632
100.0
38,955
7.0
555,944
100.0
1,691
4.5
86,312
18.4
December 31, 2012
¥81.27
¥105.43
December 31, 2013
¥100.46
¥136.70
*Each category includes the following product line:
Office Imaging
MFPs (multifunctional printers), copiers, laser printers, digital duplicators, facsimile, scanners,
related parts & supplies, services, support and software
Production Printing
Cut sheet printer, continuous feed printer, related parts & supplies, services, support and software
Network System Solutions
Personal computers, servers, network equipment, related services, support and software
Industrial Products
Thermal media, optical equipment, semiconductor devices and electronic components
Other
Digital cameras
9
Consolidated Sales by Geographic Area
Third Quarter ended December 31, 2012 and 2013
(Millions of yen)
Third Quarter ended
December 31, 2012
<Domestic>
Percentage of net sales (%)
<Overseas>
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
Third Quarter ended
December 31, 2013
640,902
46.2
746,197
53.8
353,827
25.5
294,340
21.2
98,030
7.1
1,387,099
100.0
672,306
41.7
939,215
58.3
433,658
26.9
376,918
23.4
128,639
8.0
1,611,521
100.0
December 31, 2012
¥80.05
¥102.26
December 31, 2013
¥99.42
¥132.31
Change
4.9
193,018
25.9
79,831
22.6
82,578
28.1
30,609
31.2
224,422
16.2
Three months ended December 31, 2012 and 2013
(Millions of yen)
Three months ended
December 31, 2012
<Domestic>
Percentage of net sales (%)
<Overseas>
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
%
31,404
Three months ended
December 31, 2013
210,140
44.7
259,492
55.3
119,508
25.4
107,177
22.8
32,807
7.1
469,632
100.0
228,502
41.1
327,442
58.9
147,589
26.5
136,342
24.5
43,511
7.9
555,944
100.0
December 31, 2012
¥81.27
¥105.43
December 31, 2013
¥100.46
¥136.70
10
Change
%
18,362
8.7
67,950
26.2
28,081
23.5
29,165
27.2
10,704
32.6
86,312
18.4
(3) Consolidated Statements of Cash Flows
(Millions of yen)
Third Quarter ended Third Quarter ended
December 31, 2012 December 31, 2013
I. Cash Flows from Operating Activities:
Consolidated net income
Adjustments to reconcile consolidated net income to net cash
provided by operating activitiesDepreciation and amortization
Equity in earnings of affiliates, net of dividends received
Deferred income taxes
Gain on sale of investment securities
Pension and severance costs, less payments
Changes in assets and liabilitiesIncrease in trade receivables
Increase in inventories
Increase in finance receivables
Decrease in trade payables
Decrease in accrued income taxes and
accrued expenses and other
Other, net
Net cash provided by operating activities
II. Cash Flows from Investing Activities:
Proceeds from sales of property, plant and equipment
Expenditures for property, plant and equipment,
including interest capitalized
Expenditures for intangible assets
Payments for purchases of available-for-sale securities
Proceeds from sales of available-for-sale securities
(Increase) Decrease in time deposits
Other, net
Net cash used in investing activities
III. Cash Flows from Financing Activities:
Net repayments of debt with original maturities of three months or less
Proceeds from debt with original maturities of more than three months
Repayments of debt with original maturities of more than three months
Proceeds from issuance of long-term debt securities
Repayment of long-term debt securities
Dividends paid
Payment for purchase of treasury stock
Other, net
Net cash provided by financing activities
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 Year
VII. Cash and Cash Equivalents at End of Period
11
20,811
47,702
62,918
-47
1,935
-24
-2,843
73,784
29
7,011
-2,324
-16,893
-4,714
-9,259
-12,800
-15,464
-10,071
-15,921
-35,627
-2,211
-17,068
4,895
28,340
-4,185
-6,865
34,429
1,399
530
-61,156
-8,340
-91
64
-1,276
-6,886
-76,286
-55,279
-8,429
-62
7,153
34
-4,828
-60,881
-19,644
128,762
-87,786
20,000
-15,226
-8
-694
25,404
740
-21,802
156,210
134,408
24,815
103,345
-78,327
20,000
-1,826
-23,925
-109
-671
43,302
10,225
27,075
117,051
144,126
(4) Notes on premise going concern
Not applicable
(5) Segment Information
(a) Operating Segments Information
Third Quarter ended December 31, 2012 and 2013
(Millions of yen)
Third Quarter ended
Third Quarter ended
December 31, 2012
December 31, 2013
Imaging & Solutions:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Imaging & Solutions (%)
Industrial Products:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income (loss) on sales in Industrial Products (%)
Other:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating loss
Operating loss on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating loss
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on consolidated net sales (%)
12
Change
1,207,241
1,207,241
1,115,362
91,879
1,413,041
1,413,041
1,288,178
124,863
7.6
8.8
70,201
3,200
73,401
73,846
-445
78,759
3,025
81,784
78,165
3,619
-0.6
4.4
109,657
109,657
112,025
-2,368
119,721
119,721
120,054
-333
-2.2
-0.3
-3,200
-3,200
%
205,800
205,800
172,816
32,984
17.0
17.0
15.5
35.9
8,558
-175
8,383
4,319
4,064
12.2
-5.5
11.4
5.8
-
10,064
10,064
8,029
2,035
9.2
9.2
7.2
-
-3,025
-3,025
175
175
-
-3,200
48,583
45,383
-48,583
-3,025
49,948
46,923
-49,948
175
1,365
1,540
-1,365
-
1,387,099
1,387,099
1,346,616
40,483
1,611,521
1,611,521
1,533,320
78,201
224,422
224,422
186,704
37,718
16.2
16.2
13.9
93.2
2.9
4.9
Three months ended December 31, 2012 and 2013
(Millions of yen)
Three months ended
December 31, 2012
Imaging & Solutions:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Imaging & Solutions (%)
Industrial Products:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Industrial Products (%)
Other:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income (loss) on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating loss
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on consolidated net sales (%)
13
Three months ended
December 31, 2013
409,604
409,604
377,318
32,286
489,824
489,824
442,768
47,056
7.9
9.6
22,764
1,148
23,912
23,699
213
27,165
994
28,159
26,738
1,421
0.9
5.0
37,264
37,264
38,889
-1,625
38,955
38,955
38,790
165
-4.4
0.4
-1,148
-1,148
Change
%
80,220
80,220
65,450
14,770
19.6
19.6
17.3
45.7
4,401
-154
4,247
3,039
1,208
19.3
-13.4
17.8
12.8
567.1
1,691
1,691
-99
1,790
4.5
4.5
-0.3
-
-994
-994
154
154
-
-1,148
17,779
16,631
-17,779
-994
16,301
15,307
-16,301
154
-1,478
-1,324
1,478
-
469,632
469,632
456,537
13,095
555,944
555,944
523,603
32,341
86,312
86,312
67,066
19,246
18.4
18.4
14.7
147.0
2.8
5.8
(b) Geographic Segments Information
Third Quarter ended December 31, 2012 and 2013
(Millions of yen)
Third Quarter ended
Third Quarter ended
December 31, 2012
December 31, 2013
Japan:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Japan (%)
The Americas:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in the Americas (%)
Europe, Middle East and Africa:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Europe, Middle East and Africa (%)
Other:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses
Operating loss
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on consolidated net sales (%)
14
Change
652,650
278,203
930,853
912,933
17,920
685,226
333,102
1,018,328
974,649
43,679
1.9
4.3
353,795
5,152
358,947
355,196
3,751
433,607
6,669
440,276
428,726
11,550
1.0
2.6
291,776
517
292,293
275,162
17,131
375,191
605
375,796
360,132
15,664
5.9
4.2
88,878
138,838
227,716
218,793
8,923
117,497
175,740
293,237
280,209
13,028
3.9
4.4
-422,710
-422,710
-415,468
-7,242
%
32,576
5.0
54,899 19.7
87,475
9.4
61,716
6.8
25,759 143.7
79,812 22.6
1,517 29.4
81,329 22.7
73,530 20.7
7,799 207.9
83,415
88
83,503
84,970
-1,467
28.6
17.0
28.6
30.9
-8.6
28,619
36,902
65,521
61,416
4,105
32.2
26.6
28.8
28.1
46.0
-516,116
-516,116
-510,396
-5,720
-93,406
-93,406
-94,928
1,522
-
1,387,099
1,387,099
1,346,616
40,483
1,611,521
1,611,521
1,533,320
78,201
224,422
224,422
186,704
37,718
16.2
16.2
13.9
93.2
2.9
4.9
Three months ended December 31, 2012 and 2013
(Millions of yen)
Three months ended
December 31, 2012
Japan:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Japan (%)
The Americas:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in the Americas (%)
Europe, Middle East and Africa:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Europe, Middle East and Africa (%)
Other:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses
Operating loss
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on consolidated net sales (%)
(6) Notes on significant changes in Equity
Not applicable
15
Three months ended
December 31, 2013
214,035
92,231
306,266
301,137
5,129
234,189
113,380
347,569
331,211
16,358
1.7
4.7
119,503
1,652
121,155
118,919
2,236
147,562
2,617
150,179
145,294
4,885
1.8
3.3
106,308
192
106,500
100,056
6,444
135,470
207
135,677
128,229
7,448
6.1
5.5
29,786
47,075
76,861
73,501
3,360
38,723
63,719
102,442
98,275
4,167
4.4
4.1
-141,150
-141,150
-137,076
-4,074
Change
%
20,154
21,149
41,303
30,074
11,229
9.4
22.9
13.5
10.0
218.9
28,059
965
29,024
26,375
2,649
23.5
58.4
24.0
22.2
118.5
29,162
15
29,177
28,173
1,004
27.4
7.8
27.4
28.2
15.6
8,937
16,644
25,581
24,774
807
30.0
35.4
33.3
33.7
24.0
-179,923
-179,923
-179,406
-517
-38,773
-38,773
-42,330
3,557
-
469,632
469,632
456,537
13,095
555,944
555,944
523,603
32,341
86,312
86,312
67,066
19,246
18.4
18.4
14.7
147.0
2.8
5.8
-APPENDIX1. Consolidated Sales by Product Category
(Millions of yen)
Third Quarter ended December 31, 2012 and 2013
Third Quarter ended
December 31, 2012
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Domestic
Overseas
Production Printing
Percentage of net sales (%)
Domestic
Overseas
Network System Solutions
Percentage of net sales (%)
Domestic
Overseas
Imaging & Solutions Total
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Percentage of net sales (%)
Domestic
Percentage of net sales (%)
Overseas
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Reference: Exchange rate
US$ 1
EURO 1
Third Quarter ended
December 31, 2013
951,753
68.6
354,442
597,311
104,774
7.6
24,500
80,274
150,714
10.9
129,970
20,744
1,207,241
87.1
508,912
698,329
340,199
279,286
78,844
1,075,257
66.7
343,658
731,599
132,955
8.3
24,389
108,566
204,829
12.7
165,380
39,449
1,413,041
87.7
533,427
879,614
418,014
358,666
102,934
70,201
5.1
34,743
35,458
10,312
9,534
15,612
78,759
4.9
34,061
44,698
11,602
12,261
20,835
109,657
7.8
97,247
12,410
3,316
5,520
3,574
1,387,099
100.0
640,902
46.2
746,197
53.8
353,827
25.5
294,340
21.2
98,030
7.1
119,721
7.4
104,818
14,903
4,042
5,991
4,870
1,611,521
100.0
672,306
41.7
939,215
58.3
433,658
26.9
376,918
23.4
128,639
8.0
December 31, 2012
¥80.05
¥102.26
December 31, 2013
¥99.42
¥132.31
Change
%
Change excluding
exchange impact
123,504
13.0
-27,106
-2.8
-10,784
134,288
28,181
-3.0
22.5
26.9
-10,784
-16,322
6,206
-3.0
-2.7
5.9
-111
28,292
54,115
-0.5
35.2
35.9
-111
6,317
46,118
-0.5
7.9
30.6
35,410
18,705
205,800
27.2
90.2
17.0
35,410
10,708
25,218
27.2
51.6
2.1
24,515
181,285
77,815
79,380
24,090
4.8
26.0
22.9
28.4
30.6
24,515
703
-3,638
-2,191
6,532
4.8
0.1
-1.1
-0.8
8.3
8,558
12.2
1,501
2.1
-682
9,240
1,290
2,727
5,223
-2.0
26.1
12.5
28.6
33.5
-682
2,183
-964
422
2,725
-2.0
6.2
-9.3
4.4
17.5
10,064
9.2
7,499
6.8
7,571
2,493
726
471
1,296
224,422
7.8
20.1
21.9
8.5
36.3
16.2
7,571
-72
-37
-880
845
34,218
7.8
-0.6
-1.1
-15.9
23.6
2.5
31,404
4.9
31,404
4.9
193,018
25.9
2,814
0.4
79,831
22.6
-4,639
-1.3
82,578
28.1
-2,649
-0.9
30,609
31.2
10,102
10.3
Change
¥19.37
¥30.05
*Each category includes the following product line:
MFPs (multifunctional printers), copiers, laser printers, digital duplicators, facsimile, scanners,
Office Imaging
related parts & supplies, services, support and software
Production Printing
Cut sheet printer, continuous feed printer, related parts & supplies, services, support and software
Personal computers, servers, network equipment, related services, support and software
Network System Solutions
Industrial Products
Thermal media, optical equipment, semiconductor devices and electronic components
Other
Digital cameras
A1
%
(Millions of yen)
Three months ended December 31, 2012 and 2013
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Domestic
Overseas
Production Printing
Percentage of net sales (%)
Domestic
Overseas
Network System Solutions
Percentage of net sales (%)
Domestic
Overseas
Imaging & Solutions Total
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Percentage of net sales (%)
Domestic
Percentage of net sales (%)
Overseas
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Reference: Exchange rate
US$ 1
EURO 1
Three months ended
Three months ended
December 31, 2012
December 31, 2013
325,473
69.3
118,445
207,028
35,339
7.5
8,065
27,274
48,792
10.4
40,181
8,611
409,604
87.2
166,691
242,913
114,748
101,855
26,310
370,551
66.7
117,525
253,026
47,680
8.6
8,603
39,077
71,593
12.8
57,933
13,660
489,824
88.1
184,061
305,763
141,986
129,707
34,070
22,764
4.8
10,740
12,024
3,428
3,175
5,421
27,165
4.9
11,156
16,009
3,911
4,067
8,031
37,264
8.0
32,709
4,555
1,332
2,147
1,076
469,632
100.0
210,140
44.7
259,492
55.3
119,508
25.4
107,177
22.8
32,807
7.1
38,955
7.0
33,285
5,670
1,692
2,568
1,410
555,944
100.0
228,502
41.1
327,442
58.9
147,589
26.5
136,342
24.5
43,511
7.9
December 31, 2012
¥81.27
¥105.43
December 31, 2013
¥100.46
¥136.70
Change
%
Change excluding
exchange impact
45,078
13.8
-6,211
-1.9
-920
45,998
12,341
-0.8
22.2
34.9
-920
-5,291
4,529
-0.8
-2.6
12.8
538
11,803
22,801
6.7
43.3
46.7
538
3,991
20,083
6.7
14.6
41.2
17,752
5,049
80,220
44.2
58.6
19.6
17,752
2,331
18,401
44.2
27.1
4.5
17,370
62,850
27,238
27,852
7,760
10.4
25.9
23.7
27.3
29.5
17,370
1,031
105
-1,767
2,693
10.4
0.4
0.1
-1.7
10.2
4,401
19.3
2,004
8.8
416
3,985
483
892
2,610
3.9
33.1
14.1
28.1
48.1
416
1,588
-260
114
1,734
3.9
13.2
-7.6
3.6
32.0
1,691
4.5
670
1.8
576
1,115
360
421
334
86,312
1.8
24.5
27.0
19.6
31.0
18.4
576
94
49
-161
206
21,075
1.8
2.1
3.7
-7.5
19.1
4.5
18,362
8.7
18,362
8.7
67,950
26.2
2,713
1.0
28,081
23.5
-106
-0.1
29,165
27.2
-1,814
-1.7
10,704
32.6
4,633
14.1
Change
¥19.19
¥31.27
*Each category includes the following product line:
MFPs (multifunctional printers), copiers, laser printers, digital duplicators, facsimile, scanners,
Office Imaging
related parts & supplies, services, support and software
Production Printing
Cut sheet printer, continuous feed printer, related parts & supplies, services, support and software
Network System Solutions
Personal computers, servers, network equipment, related services, support and software
Industrial Products
Thermal media, optical equipment, semiconductor devices and electronic components
Other
Digital cameras
A2
%
2. Forecast of Consolidated Performance
(Billions of yen)
Third Quarter ended
Net sales
Gross profit
Operating income
Income before income taxes
Net income attributable to Ricoh Company,
Ltd.
Fourth Quarter ending
Year ending
December 31, 2013
Change
March 31, 2014
Change
March 31, 2014
Change
Results
%
Forecast
%
Forecast
%
1,611.5
657.0
78.2
75.8
16.2
16.6
93.2
109.2
588.4
235.3
41.7
39.1
9.5
14.7
82.1
78.6
2,200.0
892.4
120.0
115.0
14.3
16.1
89.2
97.7
43.5
151.8
26.4
74.3
70.0
115.6
Net income attributable to Ricoh Company,
Ltd. shareholders per share-basic (yen)
60.09
-
36.46
-
96.55
-
Net income attributable to Ricoh Company,
Ltd. shareholders per share-diluted (yen)
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
55.2
54.3
85.9
99.42
132.31
-
24.7
19.6
31.0
100.00
140.00
-
80.0
74.0
117.0
99.57
134.22
-
3. Forecast of Consolidated Sales by Product Category
(Billions of yen)
Fourth Quarter ending March 31, 2014
Change
Change
Forecast(*)
Forecast
%
%
<Imaging & Solutions>
Office Imaging
Domestic
Overseas
Production Printing
Domestic
Overseas
Network System Solutions
Domestic
Overseas
Imaging & Solutions Total
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Forecast
Year ending March 31, 2014
Change
Forecast(*)
%
Change
%
405.4
131.3
274.1
47.9
9.1
38.8
73.0
57.5
15.5
526.3
197.9
328.4
156.4
135.5
36.5
7.3
0.2
11.1
13.3
8.7
14.5
25.8
21.3
45.8
10.1
5.9
12.8
13.4
10.9
17.2
378.5
131.3
247.2
44.3
9.1
35.2
71.3
57.5
13.8
494.1
197.9
296.2
144.5
117.9
33.8
0.2
0.2
0.2
4.8
8.7
3.9
22.9
21.3
29.8
3.3
5.9
1.7
4.8
-3.5
8.3
1,480.7
474.9
1,005.7
180.8
33.4
147.3
277.8
222.8
54.9
1,939.4
731.3
1,208.1
574.4
494.1
139.5
11.4
-2.2
19.2
23.0
1.9
29.1
33.1
25.7
75.1
15.1
5.1
22.1
20.1
23.1
26.8
1,303.1
474.9
828.1
155.2
33.4
121.7
268.1
222.8
45.2
1,726.5
731.3
995.2
481.0
394.9
119.1
-2.0
-2.2
-1.9
5.6
1.9
6.7
28.5
25.7
44.2
2.4
5.1
0.6
0.6
-1.6
8.3
24.7
10.3
14.4
3.4
4.1
6.9
7.9
4.9
10.1
-12.3
11.4
25.0
23.3
10.3
13.0
3.1
3.6
6.3
1.8
4.9
-0.6
-20.0
-2.2
14.2
103.4
44.3
59.0
15.0
16.3
27.7
11.1
-0.4
21.8
5.7
23.8
31.3
95.0
44.3
50.6
12.4
13.5
24.6
2.0
-0.4
4.3
-12.3
2.6
16.6
37.4
33.5
3.9
1.1
1.7
1.1
588.4
241.7
346.7
160.9
141.3
44.5
2.9
2.0
11.4
14.2
9.7
11.1
9.5
5.3
12.6
12.7
10.9
18.0
37.0
33.5
3.5
1.0
1.5
1.0
554.4
241.7
312.7
148.6
123.0
41.1
1.8
2.0
-0.1
3.8
-3.2
1.0
3.2
5.3
1.5
4.1
-3.5
8.7
157.1
138.3
18.8
5.1
7.6
5.9
2,200.0
914.0
1,286.0
594.5
518.2
173.2
7.6
6.3
18.2
20.2
8.8
30.8
14.3
5.0
22.0
19.7
22.9
27.6
154.1
138.3
15.8
4.2
6.1
5.4
1,975.7
914.0
1,061.7
497.7
414.6
149.2
5.6
6.3
-0.5
0.0
-13.1
18.7
2.7
5.0
0.7
0.2
-1.7
9.9
* Excluding foreign exchange impact
A3