Presentation

Consolidated
Results for the
3 months
ended
June 30, 2014
July 31, 2014
Daisuke Segawa,
Corporate Senior Vice President
Ricoh Company, Ltd.
*Ricoh establishes Ricoh Industrial Solutions Inc. to reinforce the
Industrial business succeeding the Imaging & Solutions business.
(Above photographs: FA and security cameras and lenses)
Forward-looking statements
The plans, prospects, strategies and other statements, except for the historical events,
mentioned in this material are forward-looking statements with respect to future events and
business results. Those statements were made based on the judge of RICOH's Directors from
the information that is now obtainable. Actual results may differ materially from those projected
or implied in such forward-looking statements and from any historical trends. Please refrain
from judging only from these forward-looking statements with respect to future events and
business results. The following important factors, without limiting the generality of the
foregoing, could affect future results and could cause those results to differ materially from
those expressed in the forward-looking statements:
a. General economic conditions and business trend
b. Exchange rates and their fluctuations
c. Rapid technological innovation
d. Uncertainty as to RICOH's ability to continue to design, develop, produce and market
products and services that achieve market acceptance in hot competitive market
No company's name and/or organization's name used, quoted and/or referenced in this
material shall be interpreted as a recommendation and/or endorsement by RICOH.
This material is not an offer or a solicitation to make investments. Please do not rely on this
material as your sole source of information for your actual investments, and be aware that
decisions regarding investments are the responsibility of themselves.
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
1
FY2015/03 Q1 results overview
9 Q1 net sales was ¥526.4 bil., a 2.3% increase y-o-y.
9 Q1 operating profit was ¥27.1 bil., a 22.2% increase y-o-y.
9 Q1 net profit was ¥15.0 bil., a 28.8% increase y-o-y.
9 Expanding the service business and industrial products business,
structural reforms and forex contributed to an increased profit.
9 The forecast for first half FY and FY remains unchanged.
We have started to adopt International Financial Reporting Standards (IFRS) for the consolidated
financial statements from FY March 31, 2015, instead of U.S. GAAP.
In this material we also adopted IFRS for part of last fiscal year for the purpose of reference.
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
2
FY2015/03 Q1 profit statement
ＩＦＲＳ
ＩＦＲＳ
FY2014/03
Q1 result
FY2015/03
Q1 result
206.1
308.5
514.6
211.2
41.0%
189.0
36.7%
22.2
4.3%
20.7
4.0%
11.7
2.3%
16.14
205.4
321.0
526.4
219.3
41.7%
192.1
36.5%
27.1
5.2%
25.8
4.9%
15.0
2.9%
20.80
US $1
98.79
102.15
+3.36
1US$
102.15JPY
100.00JPY
Euro 1
129.04
140.13
+11.09
1Euro
140.13JPY
140.00JPY
(billions of yen)
Sales
(Japan)
(Overseas)
Total
Gross profit
sales %
SG&A
sales %
Operating profit
sales %
Profit before income tax expenses
sales %
Profit attrib ute to owners of the parent
sales %
EPS (Yen)
Exchange rate
(Yen)
July 31, 2014
Y-o-Y Comparison
Change
Change(%)
Change(%)
without Forex
-0.7
-0.4%
-0.4%
+12.4
+4.0%
-0.8%
+11.7
+2.3%
-0.6%
+8.0
+3.8%
+3.1
+1.6%
<Investment>
(billions of yen)
+4.9
+22.2%
28.0
27.9
5.5%
5.3%
26.7
27.6
CAPEX
16.6
Depreciation
14.4
18.2
17.4
R&D
% on sales
R&D expenses
+5.0
+3.3
FY14/03 FY15/03
Q1
Q1
+24.1%
+28.8%
(tangible fixed assets)
<FY2015/03 Q1 forex assumptions>
+4.66
(C)2014 Ricoh Company, Ltd. All Rights Reserved
Q1(Actual)
Q1
3
FY2015/03 operating profit y-o-y comparison
(billions of yen)
Expense on FY14/03 6.8 (increase)
Benefit
2.3 (increase)
+9.1
+0.5
-3.9
+4.8
+4.9
-1.0
-4.6
19.0
19
22.2 22.2
27.4 27.4 26.9
22.3
22.3
27.1
FY15/03
Q1
FY14/03
Q1
FY14/03
Q1
Operating
Profit
Operating
Profit
Operating
Profit
US-GAAP
IFRS
IFRS
Restructuring Sales Product
Charge, net
Cost Down
Extraordinary
Gross profit items
items
July 31, 2014
R&D
Forex,
Other
net
Expenses
SG&A items
(C)2014 Ricoh Company, Ltd. All Rights Reserved
4
FY2015/03 Q1 results supplement
OP / OP margin
SG&A
(billions of yen)
(billions of yen)
IFRS
IFRS
IFRS
36.7%
IFRS
4.3%
SG&A
ratio
OP
margin
38.2%
37.4%
37.3%
36.5%
35.0%
37.4%
35.5%
33.9%
31.2%
IFRS
IFRS
189.0
IFRS
IFRS
22.2
22.9 19.0
14.2 13.1 13.0
26.7 32.3
42.1
27.1
Q2
Q3
FY2013/03
Q4
Q1
Q2
Q3
FY2014/03
Q4
Q1
FY15/03
194.2
195.1
192.1
152.4
167.0
159.9
165.9
164.9
164.5
29.8
28.0
29.5
28.3
30.2
27.6
Q1
Q2
Q3
Q4
SG&A
175.9
182.2
SG&A
(R&D
excluded)
148.6
143.7
148.5
27.0
27.7
27.4
Q1
Q2
Q3
FY2013/03
ＩＦＲＳ
July 31, 2014
189.4
171.4
R&D
Q1
195.0
175.6
(C)2014 Ricoh Company, Ltd. All Rights Reserved
Q4
FY2014/03
Q1
FY15/03
ＩＦＲＳ
5
Imaging & Solutions (1)
Sales (billions of yen)
Imaging & Solutions
Network System
Solutions
460.5
Y-o-Y( Excluding forex）
470.4
< Sales y-o-y >
(Value, excluding Forex)
+8.8%
+2.1%(-0.9%)
+4.5%
58.0
68.7
39.3
41.9
+0.8%
+18.5%(+17.2%)
+1.4%
+0.8% +0.9%
0.0%
+6.8%(+2.7%)
-1.1%
-2.1%
Q1
Production Printing
Q2
Q3
Q4
-0.9%
Q1
FY2013/03
Q2
Q3
Q4
Q1
FY15/03
FY2014/03
ＩＦＲＳ
< OP&OP margin >
IFRS
IFRS
8.3%
Office Imaging
363.2
-1.0%(-4.2%)
359.7
OP
margin
7.7%
7.3% 7.9%
9.6%
7.6%
10.7%
9.3% 9.6%
8.4%
IFRS
IFRS
38.2
OP
FY2014/03
Q1
FY2015/03
Q1
OP
38.2
39.6
Sales %
8.3％
8.4％
IFRS
July 31, 2014
59.8
46.0
30.7
28.8
34.7
32.2
43.0
47.0
39.6
(billions of yen)
Q1
Q2
Q3
FY2013/03
IFRS
Q4
Q1
Q2
Q3
Q4
FY2014/03
Excluding “Corporate and Eliminations”
(C)2014 Ricoh Company, Ltd. All Rights Reserved
Q1
FY15/03
ＩＦＲＳ
6
Imaging & Solutions (2)
Main products and service
< Products & Services sales y-o-y >
< MFP / Printer / PP combined y-o-y >
(Value, excluding Forex)
(Value, excluding Forex)
+3%
Non-hardware
+0%
0%
+2%
+1%
+1%
Black & White
MFP
-19％
Office Printer
-6％
+6％
PP(Cut Sheet type)
+2% +2%
-1% -1% -1%
-3%
-2%
-3% -3%
-3%
-4%
Q4
Q1
Services*
Color
+3％
-3％
+41％
+11%
(*Document, IT services excluding hardware sales of PC)
-5%
-7%
Hardware
Q1
Q2
Q3
FY2013/03
Q4
Q1
Q2
Q3
FY2014/03
FY15/03
See Appendix for more data
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
7
OP by geographic segment
The Americas
Japan
Quarterly sales y-o-y (excluding Forex)
+22.6%
+5.0%
+1.1%
+0.1%
+8.7%
+4.7%
+0.9%
-0.4%
+1.8%
0.0%
0.0%
-1.8% -0.2%
< OP&OP margin >
-1.5% -2.4% -0.1% -1.5% -0.4%
-3.6%
-4.9%
< OP&OP margin >
IFRS
IFRS
IFRS
5.6%
OP
margin
2.7%
1.4%
1.7%
2.7% 4.7%
IFRS
1.4%
3.4% 4.7%
1.8%
4.9%
OP
margin
0.8%
0.5% 1.8%
2.0%
1.2%
3.3%
3.3%
4.8
4.8
Q2
Q3
4.1%
3.2%
IFRS
IFRS
18.0
IFRS
OP
16.3
15.5
Q1
11.8
8.9
8.5
4.2
5.1
Q2
Q3
FY2013/03
Q4
15.6
IFRS
2.0
OP
6.8
Q1
Q2
Q3
FY2014/03
Q4
Q1
FY15/03
0.9
0.6
Q1
Q2
2.2
Q3
FY2013/03
ＩＦＲＳ
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
2.9
Q4
6.5
4.8
1.7
Q1
FY2014/03
Q4
Q1
FY15/03
ＩＦＲＳ
8
OP by geographic segment
Europe / Middle East / Africa
Other
Quarterly sales y-o-y (excluding Forex)
+14.1%
+11.7% +11.8%
+7.6% +7.6%
+3.3%
+1.8%
+2.8%
+0.9%
+0.8%
0.0%
0.0%
-2.7% -1.7%
< OP&OP margin >
-0.3%
-1.6%
-3.9% -3.4%
< OP&OP margin >
IFRS
IFRS
IFRS
1.8%
OP
margin
+5.3%
+4.7%
6.6%
4.9% 6.1%
7.3%
2.0%
IFRS
3.6%
4.9%
5.5% 9.4%
IFRS
OP
9.0
6.2
Q1
4.4
Q2
FY2013/03
Q1
4.4%
Q2
2.9%
4.6
Q3
FY2014/03
Q4
6.2%
4.1%
6.3%
3.4%
IFRS
IFRS
3.2
Q1
FY15/03
2.8
Q1
6.2
2.7
3.3
Q2
Q3
FY2013/03
ＩＦＲＳ
July 31, 2014
4.6%
OP
5.7
Q4
3.8% 3.6%
7.4
2.4
Q3
OP
margin
13.3
IFRS
2.2
6.4
3.6%
(C)2014 Ricoh Company, Ltd. All Rights Reserved
3.8
Q4
2.6
Q1
Q2
4.1
Q3
FY2014/03
6.0
3.2
Q4
Q1
FY15/03
ＩＦＲＳ
9
Industrial Products
Sales
(billions of yen)
< Industrial Products Sales y-o-y >
(excluding Forex)
+8.8% +8.6%
+4.9%
+3.2%
0.0%
Y-o-Y
(excluding Forex）
25.5
27.3
-5.0% -4.9%
+7.4%(+4.9%)
Q1
Q2
-8.1% -7.6%
Q3
Q4
-5.3%
Q1
FY2013/03
Q2
Q3
Q4
Q1
FY15/03
FY2014/03
ＩＦＲＳ
< OP>
FY2014/03
Q1
Excluding “Corporate and Eliminations”
FY2015/03
Q1
OP
1.0
1.6
Sales %
4.1％
5.8％
IFRS
IFRS
1.0
0.8
0.2
-0.4
-0.2
1.3
1.4
1.7
1.6
-0.4
(billions of yen)
IFRS
IFRS
Q1
Q2
Q3
FY2013/03
Q4
Q1
Q2
Q3
FY2014/03
Q4
Q1
FY15/03
ＩＦＲＳ
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
10
Other
Sales
< Other Sales y-o-y>
(billions of yen)
(excluding Forex)
+23.3% +22.8%
+13.8%
+13.7%
+5.0%
+1.8%
+0.3%
Y-o-Y
(ｗｉｔｈｏｕｔ forex）
28.5
-0.1%(-0.6%)
28.5
0.0%
-0.6%
-6.0%
Q1
Q2
Q3
Q4
Q1
FY2013/03
Q2
Q3
Q4
Q1
FY15/03
FY2014/03
ＩＦＲＳ
< OP>
FY2014/03
Q1
0.1
FY2015/03
Q1
-0.3
OP
-0.6
Excluding “Corporate and Eliminations”
-0.4
-2.2％
IFRS
July 31, 2014
-4.0％
IFRS
-1.1
IFRS
-2.9
Sales %
0.6
-0.6
-1.6
-1.1
0.1
IFRS
-0.6
(billions of yen)
Q1
Q2
Q3
FY2013/03
Q4
Q1
Q2
Q3
FY2014/03
Q4
Q1
FY15/03
ＩＦＲＳ
(C)2014 Ricoh Company, Ltd. All Rights Reserved
11
Statement of Financial Position as of June 30, 2014
Inventories/Averaged cost of sales (month)
Assets
(billions of yen)
Current Assets
As of
Dif ｆ . from
Mar
31, '14
Jun 30, 2014
1,133.3
121.7
-22.4
Trade and other receivables
515.9
-28.7
Other financial assets
250.7
+1.0
Inventories
203.6
+9.4
41.2
+6.9
1,422.8
-6.7
Prpperty, plant and equipment
270.2
-0.4
Goodwill and intangible assets
393.9
-5.4
Non-current assets
Other financial assets
560.4
-0.4
Other non-current assets
198.2
-0.4
2,556.2
-40.4
Total Assets
Exchange rate as of Jun 30, ‘14
US$ 1
= ¥ 101.36
EURO 1
= ¥ 138.31
July 31, 2014
1.70
1.79
-33.6
Cash & time deposits
Other current assets
Inventories/Averaged
cost of sales
(Diff.from Mar 31, ‘14)
( -1.56)
( -3.34)
169.2 171.8
2.03
2.03
1.76
195.0 195.3 194.1
2.00
1.99
205.4 203.6
Inventories
(billions of yen)
End of End of End of End of End of
Mar
Mar Mar
Mar
Mar
‘14
‘11
‘12
‘13
‘10
End of End of
Jun
Jun
‘13
‘14
ＩＦＲＳ
ＩＦＲＳ
Total assets turn over (per month)
Total assets
turn over
0.82
0.84
0.84
0.83
0.89
2,596.6
2,383.9
2,255.5 2,289.3 2,360.6
0.87
2,421.0
0.82
2,556.2
Total Assets
(billions of Yen)
End of End of End of End of End of
Mar
Mar Mar
Mar
Mar
‘14
‘11
‘12
‘13
‘10
(C)2014 Ricoh Company, Ltd. All Rights Reserved
ＩＦＲＳ
End of End of
Jun
Jun
‘13
‘14
ＩＦＲＳ
12
Statement of Financial Position as of June 30, 2014
Equity attributable to owners of the parent ratio
(Equity ratio)
Liabilities and Equity
(billions of yen)
Current Liabilities
Bonds and borrowings
As of
Difｆ . from
Mar
31, '14
Jun 30, 2014
864.1
+28.4
330.8
+59.0
Trade and other payables
247.4
-34.5
Other current liabilities
285.8
+3.9
603.4
-63.0
Bonds and borrowings
392.4
-59.9
Accrued pension&retirement benefits
119.5
-5.0
91.5
+1.9
1,467.5
-34.6
1,022.8
-6.5
65.7
+0.7
Total Equity
1,088.6
-5.7
Total liabilities and Equity
2,556.2
-40.4
723.2
-0.8
Non-current liabilities
Other non-current liabilities
Total Liabilities
Total equity attributable to owners
of the parent
Noncontrolling Interest
Total debt
Exchange rate as of Jun 30, ‘14
US$ 1
= ¥ 101.36
EURO 1
= ¥ 138.31
July 31, 2014
Equity
ratio
40.8% 41.0% 35.9% 38.0% 39.6%
973.3 925.2
Equity attributable
to owners
of the parent
(billions of yen)
37.9% 40.0%
1,029.4
822.7
918.7
897.9
End of End of End of End of End of
Mar
Mar Mar
Mar
Mar
‘14
‘11
‘12
‘13
‘10
1,022.8
End of End of
Jun
Jun
‘13
‘14
ＩＦＲＳ
ＩＦＲＳ
Net debt/equity ratio (multiplies)
Net D/E
ratio
0.45
0.49
0.71
0.65
0.56
583.1 582.4 580.0
0.65
0.58
596.6 601.5
440.6 455.3
97.4 58.1
Net debt
(billions of yen)
4.5
58.0
4.8
-18.6 -6.3
*Net debt excluding
Ricoh Leasing
End of End of End of End of End of
Mar
Mar Mar
Mar
Mar
‘14
‘11
‘12
‘13
‘10
(Diff.from Mar 31, ‘14)
( -1.56)
( -3.34)
(C)2014 Ricoh Company, Ltd. All Rights Reserved
ＩＦＲＳ
End of End of
Jun
Jun
‘13
‘14
ＩＦＲＳ
13
FY2015/03 Q1 statement of cash flow
ＩＦＲＳ
FY2014/03
Apr-Jun
(billions of yen)
13.0
Profit
Depreciation and amortization
[ Net profit + Depreciation and amortization ]
Other operating activities
ＩＦＲＳ
FY2015/03
Apr-Jun
16.4
25.0
26.6
[ 38.1 ]
[ 43.0 ]
-15.1
-22.8
22.9
20.1
-16.5
-18.0
0.0
-2.5
Other investing activities
-10.8
-6.7
Net cash by investing activities
-27.4
-27.3
-4.4
-7.1
20.9
-0.4
-11.9
-11.9
Other financing activities
-0.3
-0.3
Net cash by financing activities
8.6
-12.7
2.3
-1.5
6.4
-21.4
123.5
118.5
Net cash by operating activities
Plant and equipment
Purchase of business
Free cash flow ( Operating + Investing net cash )
Increase (Decrease) of debt
Dividend paid
Effect of exchange rate
Net increase in cash and equivalents
Cash and equivalents at end of period
July 31, 2014
Free cash flow (billions of yen)
85.0
FCF
66.0
FCF excluding lease
receivables
51.2
48.5
8.6
3.4
‐8.8 ‐2.5
‐10.0
‐15.3
‐23.7‐22.7
‐5.4
‐2.8
‐14.9
‐6.0
‐7.1
‐1.3
IFRS
IFRS
-4.4
Q1
Q2
Q3
Q4
Q1
FY2013/03
Q2
Q4
Q3
Q1
FY15/03
FY2014/03
ＩＦＲＳ
<Annual Data>
101.1
94.2
77.8
36.7
22.8
18.0 13.3
24.7
FCF
‐75.6
FCF excluding lease
receivables
‐101.2
FY
10/03
(C)2014 Ricoh Company, Ltd. All Rights Reserved
FY
11/03
FY
12/03
FY
13/03
FY
14/03
14
FY2015/03 profit statement forecast
ＩＦＲＳ
ＩＦＲＳ
FY2014/03
Results
FY2015/03
Forecast
905.1
1,290.5
2,195.6
873.2
39.8%
752.8
34.3%
120.3
5.5%
118.0
5.4%
72.8
3.3%
100.44
906.0
1,354.0
2,260.0
936.0
41.4%
796.0
35.2%
140.0
6.2%
135.0
6.0%
80.0
3.5%
110.35
US $1
100.29
100.54
+0.25
Euro 1
134.47
140.03
+5.56
(billions of yen)
Sales
(Japan)
(Overseas)
Total
Gross profit
sales %
SG&A
sales %
Operating profit
sales %
Profit before income tax expenses
sales %
Profit attrib ute to owners of the parent
sales %
EPS (Yen)
Exchange rate
(Yen)
July 31, 2014
Y-o-Y comparison
Change
Change(%)
Change(%)
without Forex
+0.9
+0.1%
+0.1%
+63.5
+4.9%
+3.3%
+64.4
+2.9%
+2.0%
+62.8
+7.2%
+43.2
+5.7%
<Investment>
(billions of yen)
+19.7
+16.3%
R&D
% on sales
R&D expenses
+17.0
+7.2
+14.3%
+9.9%
FY14/03 FY15/03
result
forecast
116.2
121.0
5.3%
5.4%
113.8
118.8
CAPEX
72.9
Depreciation
63.3
89.0
74.0
(tangible fixed assets)
<FY2015/03 forex assumptions>
+9.91
(C)2014 Ricoh Company, Ltd. All Rights Reserved
Q2-Q4
Full year
1US$
100.00JPY
100.54JPY
1Euro
140.00JPY
140.03JPY
15
FY2015/03 operating profit y-o-y comparison
+12.5
(billions of yen)
+5.0
-5.0
+18.0
+7.4
+19.7
-18.2
Expense on FY14/03 11.0 (increase)
Benefit
7.0 (increase)
140.0
120.3
120.3
FY14/03
FY14/03
Restructuring Sales Product
Operating Charge, net
Cost Down
Profit
Extraordinary
Gross profit items
IFRS
items
Operating
Profit
US-GAAP
Forex assumptions
(yen)
US$
Euro
July 31, 2014
R&D
Expenses
Forex,
net
SG&A items
FY15/03
Operating
Profit
Forecast
IFRS
FY14/03
result
FY15/03
forecast
y-o-y
Forex impacts
100.29
134.47
100.54
140.03
+ 0.25
+ 5.56
Impacts of forex
per yen annually
(billion yen)
US$
(C)2014 Ricoh Company, Ltd. All Rights Reserved
Euro
sales
OP
6.0
3.8
0.8
1.4
16
Dividend and ROE
(yen)
33.0
33.0
33.0
33.0
full year
dividend
34.0
16.5
17.0
16.5
17.0
29.0
28.0
24.0
33.0
17.0
15.0
25.0
16.5
16.5
8.5
15.0
16.5
12.0
year-end
dividend
mid-year
dividend
12.0
13.0
16.0
18.0
16.5
16.5
16.5
12.5
FY06/03 FY07/03 FY08/03 FY09/03 FY10/03 FY11/03 FY12/03 FY13/03 FY14/03
FY1503
forecast
full-year
dividend
payout ratio
18%
18%
23%
366%
86%
122%
（赤字）
64%
32%
30%
ROE
10.6%
11.0%
9.9%
0.6%
2.9%
2.0%
-5.1%
3.8%
7.6%
8.0%+
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
17
Appendix
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
18
Reorganization of the Industrial Business
New companies for electronic devices business, integrated optical business
and electronic components business will be established in October, 2014.
＜Aim＞
Strengthening the Industrial business as a new pillar to succeed the
Imaging & Solutions business.
new
Electronic Devices business
Ricoh Optical Industries Co., Ltd.
Ricoh Microelectronics, Co., Ltd.
Ricoh Electronic Devices Co., Ltd.
new
Ricoh Industrial Solutions Inc.
Industrial business
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
19
Reorganization of Industrial business
Expanding the Industrial business including FA, security, and
automotive markets
ＦＡ
（factory automation)
automotive
security
<Industrial Products>
1.5 times business scale in 3 years (10% growth per year)
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
20
FY2015/03 Q1 sales by category
By product category
（billions of yen）
By Area
Y-o-Y (excluding Forex)
Y-o-Y (excluding Forex)
514.6
526.4
28.5
25.5
28.5
27.3
58.0
68.7
+2.3%(-0.6%)
526.4
+2.3%(-0.6%)
43.2
45.5
Other
+5.5%(+5.3%)
122.1
128.0
514.6
Other
39.3
41.9
-0.1%(-0.6%)
Industrial Products
+7.4%(+4.9%)
Network System
Solutions
+18.5%(+17.2％)
363.2
359.7
Production Printing
143.1
308.5
147.3
321.0
EMEA
+4.9%(-3.4%)
The Americas
+2.9%(-0.4%)
Overseas
+4.0%(-0.8%)
+6.8%(+2.7%)
460.5
470.4
Office Imaging
-1.0%(-4.2%)
206.1
205.4
Japan
-0.4%(-0.4%)
Imaging & Solutions
FY2014/03
Q1
IFRS
July 31, 2014
FY2015/03
Q1
IFRS
+2.1%(-0.9%)
FY2014/03
Q1
IFRS
(C)2014 Ricoh Company, Ltd. All Rights Reserved
FY2015/03
Q1
IFRS
21
FY2015/3 sales forecast by category
By product category
(billions of yen)
By area
Y-o-Y (excluding Forex)
2,195.6
120.8
110.0
308.0
180.0
2,260.0
126.6
115.8
+2.9%(+2.0%)
Other
1,964.8
2,195.6
182.2
296.5
Industrial Products
194.1
1,526.6
2,017.4
2,260.0
519.1
Other
+6.1%(+6.8%)
546.0
EMEA
+5.2%(+1.2 %)
+5.4%(+4.9%)
Production Printing
589.1
+2.9%(+2.0%)
193.3
+4.9%(+4.6%)
Network System
Solutions
-3.7%(-4.1%)
1,476.7
Y-o-Y (excluding Forex)
614.5
The Americas
+4.3%(+4.1%)
Overseas
1,290.5
1,354.0
+4.9%(+3.3%)
+7.8%(+6.8%)
Office Imaging
+3.4%(+2.2%)
905.1
906.0
Japan
+0.1%(+0.1%)
Imaging & Solutions
FY2014/03
IFRS
July 31, 2014
FY2015/03
forecast
IFRS
+2.7%(+1.7%)
FY2014/03
IFRS
(C)2014 Ricoh Company, Ltd. All Rights Reserved
FY2015/03
forecast
IFRS
22
Appendix: historical data (1)
*Value based ratio including forex
Imaging & Solutions sales portion by products
FY2013/03
FY2014/03
FY2015/03
FY13/03
FY14/03
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Total
Total
MFP
58%
55%
57%
57%
57%
52%
54%
51%
55%
57%
53%
Office Printer
10%
10%
10%
10%
9%
9%
9%
9%
9%
10%
9%
Production Printing(PP)
9%
9%
9%
9%
9%
10%
10%
9%
9%
9%
9%
Office Imaging, other
6%
6%
6%
6%
5%
5%
5%
6%
5%
6%
6%
MDS(Labor charge) & IT Services
10%
11%
11%
12%
11%
12%
12%
13%
12%
11%
12%
Network System Solutions, other
8%
9%
8%
7%
9%
11%
11%
12%
10%
8%
11%
FY2015/03
FY13/03
FY14/03
MFP & printer Non-hardware ratio
FY2013/03
MFP
Office Printer
PP
July 31, 2014
FY2014/03
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Total
Total
Japan
58%
61%
60%
50%
55%
60%
58%
48%
55%
57%
54%
Overseas
55%
53%
55%
53%
56%
56%
56%
53%
56%
54%
55%
Total
56%
56%
57%
52%
56%
57%
57%
51%
56%
55%
55%
Japan
88%
88%
88%
85%
88%
85%
87%
88%
89%
87%
87%
Overseas
73%
69%
74%
72%
72%
71%
69%
71%
69%
72%
70%
Total
81%
79%
81%
78%
80%
78%
78%
79%
78%
80%
79%
Japan
63%
58%
61%
55%
71%
65%
61%
54%
63%
59%
62%
Overseas
56%
57%
60%
59%
62%
54%
55%
50%
62%
58%
55%
Total
58%
57%
60%
58%
63%
56%
56%
51%
62%
58%
56%
(C)2014 Ricoh Company, Ltd. All Rights Reserved
23
Appendix: historical data (2)
MFP & printer y-o-y (Office Imaging and Production Printing)
< Hardware >
*By value
FY2013/03
FY2014/03
FY2015/03
FY13/03
FY14/03
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Total
Total
-3%
-7%
+3%
+10%
-2%
+0%
+1%
+20% +19% +27% +11%
+1%
+0%
+19%
-4%
-2%
-3%
+0%
+0%
+13%
MFP&Printer
Japan
-6%
-2%
+11%
-2%
(Office+PP)
Overseas
+0%
-11%
+0%
+11%
+7%
-7%
-4%
-3%
-2%
-8%
+3%
+6%
+2%
-5%
+1%
-3%
-3%
-7%
+2%
+2%
-3%
-1%
-1%
-4%
-3%
-3%
+2%
-6%
-2%
-2%
(Forex excluded)
Total
(Forex excluded)
-3%
-7%
+1%
-2%
+13% +11% +19% +11%
< Non-hardware >
MFP&Printer
Japan
+2%
-2%
-2%
-7%
(Office+PP)
Overseas
-4%
-4%
+7%
+19%
+24% +29% +24%
+6%
+2%
+5%
+20%
+4%
+1%
+4%
+3%
+0%
-6%
-3%
+3%
-2%
-2%
-3%
+3%
+8%
+13% +16% +13%
+5%
-0%
+2%
+11%
+3%
+0%
+1%
-1%
-3%
-4%
+1%
-2%
(Forex excluded)
Total
(Forex excluded)
-1%
+1%
-1%
-2%
-2%
＊Total hardware and non-hardware sales of MFP, Office printer, Cut sheet PP, Continuous form PP (excluding sales of solutions and third party products）
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
24
Appendix: historical data (3)
MFP & printer y-o-y (Office Imaging)
*By value
< Hardware >
FY2013/03
FY2014/03
FY2015/03
FY13/03
FY14/03
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Total
Total
-2%
-6%
+3%
+10%
-3%
-1%
+2%
+5%
-0%
+0%
+15%
MFP&Printer
Japan
-6%
-3%
+11%
-2%
(Office Imaging)
Overseas
-3%
-10%
+1%
+12%
+4%
-6%
-2%
-2%
-2%
-10%
-3%
-7%
-5%
-2%
-6%
-4%
-8%
+4%
+6%
+13%
+8%
+15%
+7%
-1%
+0%
+10%
+0%
-5%
+2%
-2%
-2%
-9%
-1%
-1%
-4%
-1%
-3%
Japan
-6%
-1%
+12%
-1%
-1%
-8%
+2%
+11%
-3%
+0%
+2%
Overseas
-4%
-12%
+0%
+12%
+5%
-1%
-1%
+15%
+3%
-8%
-3%
-2%
-2%
-11%
-4%
-7%
-6%
-3%
-6%
-4%
-9%
+4%
+7%
+13%
+7%
+15%
+7%
-2%
+0%
+10%
+0%
-6%
+2%
-2%
-1%
-10%
-2%
-1%
-5%
-2%
-3%
Japan
-1%
-16%
-2%
-19%
-13%
+15%
+8%
+3%
-14%
-11%
+4%
Overseas
+8%
+22% +17% +10%
+2%
+15%
+13%
+15%
-9%
+10%
+12%
-6%
(Forex excluded)
Total
(Forex excluded)
MFP
(Forex excluded)
Total
(Forex excluded)
Office Printer
(Forex excluded)
Total
(Forex excluded)
July 31, 2014
+21% +15% +22%
+22% +15% +21%
+15% +18% +28%
+16% +28% +13%
-4%
-7%
-7%
+5%
+6%
+10%
-2%
+5%
+17% +21%
+3%
+7%
+4%
+11%
+10%
+9%
+8%
-10%
-9%
+0%
-5%
+3%
+3%
-3%
(C)2014 Ricoh Company, Ltd. All Rights Reserved
+2%
+4%
25
Appendix: historical data (4)
MFP & printer y-o-y (Office Imaging)
< Non-hardware >
*By value
FY2013/03
FY2014/03
FY2015/03
FY13/03
FY14/03
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Total
Total
-4%
-3%
-3%
+2%
-5%
-2%
-2%
+5%
+1%
+4%
+19%
-6%
-5%
+2%
-3%
+4%
-2%
+1%
+10%
MFP&Printer
Japan
+2%
-3%
-2%
-7%
(Office Imaging)
Overseas
-5%
-6%
+7%
+18%
+3%
-1%
+4%
+2%
-2%
-4%
+3%
+7%
+2%
-2%
+2%
-2%
-2%
-1%
-3%
-3%
-5%
+0%
-3%
Japan
+0%
-4%
-3%
-6%
-4%
-2%
-3%
-2%
-3%
-3%
-3%
Overseas
-5%
-5%
+7%
+17%
+24% +29% +24%
+9%
-0%
+3%
+21%
+2%
+0%
+4%
+1%
+0%
-3%
-5%
+2%
-1%
-3%
-5%
+3%
+8%
+14% +17% +14%
+6%
-1%
+1%
+12%
+1%
-2%
+1%
-2%
-1%
+0%
-2%
-3%
-5%
+0%
-2%
Japan
+9%
+1%
+1%
-8%
-4%
-5%
-3%
+10%
-11%
+0%
-0%
Overseas
-3%
-10%
+10% +22%
+11% +25% +13%
-14%
+6%
+5%
+6%
+6%
-5%
+6%
+7%
-11%
-3%
-10%
-24%
+0%
+4%
-13%
+4%
-3%
+5%
+3%
+2%
+7%
+4%
-1%
-3%
+2%
+3%
+8%
-1%
+3%
-3%
-7%
-4%
-6%
-6%
-6%
+2%
-6%
(Forex excluded)
Total
(Forex excluded)
MFP
(Forex excluded)
Total
(Forex excluded)
Office Printer
(Forex excluded)
Total
(Forex excluded)
July 31, 2014
+22% +29% +22%
-2%
+0%
-3%
+11% +15% +12%
+1%
(C)2014 Ricoh Company, Ltd. All Rights Reserved
-2%
26
Appendix: historical data (5)
Production Printing (PP) y-o-y
*By value
< Hardware >
PP
FY2013/03
FY2014/03
FY2015/03
FY13/03
FY14/03
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Total
Total
Japan
-10%
+8%
+4%
+10%
-29%
-22%
+2%
+7%
+21%
+3%
-9%
Overseas
+32%
-13%
-9%
+5%
+11% +46% +67% +59%
+13%
+1%
+46%
+39%
-10%
-13%
-9%
-10%
+15% +34% +39%
+8%
-1%
+20%
+21%
-9%
-7%
+6%
+4%
+32% +54% +48%
+14%
+2%
+35%
+27%
-6%
-10%
-5%
-14%
+8%
+27% +32%
+10%
+0%
+14%
Japan
+5%
+6%
-9%
-2%
-1%
+4%
+2%
-15%
+0%
+2%
Overseas
+5%
+13%
+7%
+31%
+38% +31% +36% +10%
+16%
+14%
+27%
+11% +18%
+4%
+14%
+12%
-3%
+10%
+12%
+4%
+5%
+12%
+3%
+23%
+29% +25% +29%
+9%
+10%
+11%
+22%
+10% +15%
+1%
+10%
+9%
-2%
+6%
+9%
+4%
(Forex excluded)
Total
(Forex excluded)
< Non-hardware >
PP
(Forex excluded)
Total
(Forex excluded)
+3%
+3%
+8%
+7%
+4%
＊Total hardware and non-hardware sales of Cut sheet PP, Continuous form PP (excluding sales of solutions and third party products）
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
27
Appendix: historical data (6)
MFP & printer color ratio
FY2013/03
MFP
Office Printer
PP
FY2015/03
FY13/03
FY14/03
Q1
Q2
Q3
Q4
Q1
FY2014/03
Q2
Q3
Q4
Q1
Total
Total
Japan
70%
68%
74%
71%
76%
80%
85%
80%
85%
71%
80%
Overseas
56%
55%
56%
56%
54%
52%
58%
61%
62%
56%
57%
Total
61%
59%
62%
61%
61%
60%
67%
68%
70%
61%
64%
Japan
44%
43%
45%
49%
47%
41%
42%
44%
49%
46%
43%
Overseas
32%
32%
33%
29%
32%
33%
31%
34%
31%
31%
33%
Total
36%
36%
37%
36%
36%
36%
34%
38%
35%
36%
36%
Japan
6%
8%
7%
14%
31%
29%
27%
32%
32%
9%
30%
Overseas
56%
54%
56%
53%
56%
62%
66%
69%
65%
55%
64%
Total
47%
44%
46%
45%
53%
58%
60%
64%
60%
45%
59%
*For hardware shipment, by value
Number of employees
FY11/03
FY12/03
FY13/03
FY14/03
FY15/03
Q1
Japan
Overseas
40,072
38,519
37,401
36,873
37,273
Americas
34,139
33,262
31,475
31,853
31,697
EMEA
17,350
17,637
18,229
18,422
18,485
China
11,808
11,960
12,094
11,932
12,151
5,645
7,864
8,232
9,115
9,706
68,942
70,723
70,030
71,322
72,039
109,014
109,242
107,431
108,195
109,312
AsiaPacific
Sub total
Total
July 31, 2014
(C)2014 Ricoh Company, Ltd. All Rights Reserved
*As of end of each period
28